Aehr Test Systems (NASDAQ:AEHR) Trading Down 6.5% – Time to Sell?

Aehr Test Systems (NASDAQ:AEHR) was down 6.5% during mid-day trading on Thursday . The company traded as low as $80.41 and last traded at $78.9420. Approximately 299,822 shares were traded during mid-day trading, a decline of 87% from the average session volume of 2,248,701 shares. The stock had previously closed at $84.43.

Analysts Set New Price Targets

A number of brokerages have issued reports on AEHR. Craig Hallum upgraded shares of Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Wednesday, April 8th. Weiss Ratings upgraded shares of Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Lake Street Capital reiterated a “buy” rating on shares of Aehr Test Systems in a research note on Wednesday, April 8th. Finally, Wall Street Zen raised Aehr Test Systems from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 6th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $68.00.

Aehr Test Systems Price Performance

The company’s 50-day moving average is $98.37 and its two-hundred day moving average is $57.47. The firm has a market cap of $2.17 billion, a P/E ratio of -181.22 and a beta of 3.17.

Aehr Test Systems (NASDAQ:AEHR) last released its earnings results on Tuesday, April 7th. The semiconductor company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.02. The firm had revenue of $10.31 million for the quarter, compared to analyst estimates of $10.85 million. Aehr Test Systems had a negative net margin of 25.23% and a negative return on equity of 7.15%. On average, analysts expect that Aehr Test Systems will post -0.31 EPS for the current fiscal year.

Insider Buying and Selling at Aehr Test Systems

In related news, Director Rhea J. Posedel sold 17,115 shares of Aehr Test Systems stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $100.00, for a total value of $1,711,500.00. Following the transaction, the director directly owned 45,261 shares of the company’s stock, valued at $4,526,100. This trade represents a 27.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Alberto Salamone sold 15,000 shares of the company’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $89.57, for a total value of $1,343,550.00. Following the sale, the executive vice president owned 63,025 shares of the company’s stock, valued at $5,645,149.25. The trade was a 19.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 375,005 shares of company stock worth $28,656,178 in the last three months. Company insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Aehr Test Systems

Institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd bought a new stake in shares of Aehr Test Systems during the 4th quarter worth $25,000. Sunbelt Securities Inc. bought a new position in Aehr Test Systems in the third quarter valued at about $27,000. State of Wyoming bought a new position in Aehr Test Systems in the second quarter valued at about $28,000. KBC Group NV acquired a new position in Aehr Test Systems during the first quarter worth about $30,000. Finally, RiverPark Advisors LLC acquired a new position in Aehr Test Systems during the third quarter worth about $42,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

About Aehr Test Systems

Aehr Test Systems develops, manufactures and sells semiconductor test and burn-in equipment used by device manufacturers to ensure quality and reliability of integrated circuits. Its products are designed for wafer-level reliability assessment, functional test and stress screening of memory devices, system-on-chips, optical components and power semiconductors. By focusing on wafer-level burn-in and testing processes, the company helps reduce cost and improve yield for high-volume semiconductor production.

The company’s product portfolio includes FOX series wafer probe test and burn-in systems as well as ABTS burn-in ovens.