Wall Street Zen Upgrades Aehr Test Systems (NASDAQ:AEHR) to Hold

Aehr Test Systems (NASDAQ:AEHR) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Other research analysts also recently issued research reports about the company. Craig Hallum restated a “buy” rating and set a $125.00 price target on shares of Aehr Test Systems in a research note on Wednesday. Weiss Ratings cut Aehr Test Systems from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday. Finally, Lake Street Capital reiterated a “buy” rating and issued a $110.00 price objective on shares of Aehr Test Systems in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $117.50.

Aehr Test Systems Stock Performance

AEHR opened at $81.05 on Friday. The business’s 50-day simple moving average is $94.10 and its 200-day simple moving average is $61.86. Aehr Test Systems has a one year low of $14.99 and a one year high of $126.62. The stock has a market capitalization of $2.55 billion, a P/E ratio of -337.69 and a beta of 3.17.

Insider Activity

In related news, Director Howard T. Slayen sold 6,819 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $104.73, for a total value of $714,153.87. Following the transaction, the director owned 169,709 shares in the company, valued at $17,773,623.57. The trade was a 3.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Rhea J. Posedel sold 604 shares of the company’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $95.00, for a total value of $57,380.00. Following the sale, the director directly owned 396,375 shares of the company’s stock, valued at approximately $37,655,625. This represents a 0.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 35,325 shares of company stock valued at $3,513,762. Insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. KBC Group NV acquired a new position in shares of Aehr Test Systems in the first quarter valued at approximately $30,000. Sunbelt Securities Inc. acquired a new stake in shares of Aehr Test Systems during the third quarter worth $27,000. Tema ETFs LLC acquired a new stake in shares of Aehr Test Systems during the second quarter worth $89,000. Caitong International Asset Management Co. Ltd purchased a new position in Aehr Test Systems in the 4th quarter valued at $25,000. Finally, CoreCap Advisors LLC grew its position in Aehr Test Systems by 241.8% in the 2nd quarter. CoreCap Advisors LLC now owns 1,251 shares of the semiconductor company’s stock valued at $120,000 after buying an additional 885 shares during the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Aehr Test Systems Company Profile

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.