Aehr Test Systems (NASDAQ:AEHR) Trading 6.6% Higher – What’s Next?

Aehr Test Systems (NASDAQ:AEHR) shares were up 6.6% during trading on Monday . The company traded as high as $143.30 and last traded at $142.92. 1,563,712 shares changed hands during trading, a decline of 36% from the average session volume of 2,430,250 shares. The stock had previously closed at $134.06.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Freedom Capital upgraded Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Zacks Research upgraded Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Jefferies Financial Group started coverage on Aehr Test Systems in a research note on Thursday. They issued a “buy” rating and a $175.00 price target for the company. Wall Street Zen upgraded shares of Aehr Test Systems from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Finally, Craig Hallum reissued a “buy” rating and set a $125.00 price objective on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $136.67.

Aehr Test Systems Trading Up 7.8%

The company has a market cap of $4.71 billion, a PE ratio of -602.22 and a beta of 3.10. The stock has a 50 day moving average price of $92.83 and a 200 day moving average price of $71.76.

Insiders Place Their Bets

In other Aehr Test Systems news, Director Rhea J. Posedel sold 8,413 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $130.00, for a total transaction of $1,093,690.00. Following the completion of the transaction, the director owned 387,962 shares of the company’s stock, valued at approximately $50,435,060. This trade represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Alberto Salamone sold 9,672 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $127.72, for a total transaction of $1,235,307.84. Following the sale, the executive vice president owned 41,962 shares in the company, valued at approximately $5,359,386.64. This trade represents a 18.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 109,475 shares of company stock valued at $13,827,160 in the last 90 days. Corporate insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Advocate Investing Services LLC bought a new position in shares of Aehr Test Systems during the second quarter valued at $26,000. Compagnie Lombard Odier SCmA bought a new stake in Aehr Test Systems in the 2nd quarter worth about $34,000. KBC Group NV bought a new stake in Aehr Test Systems in the 1st quarter worth about $30,000. Sunbelt Securities Inc. purchased a new position in Aehr Test Systems in the 3rd quarter worth about $27,000. Finally, Tema ETFs LLC purchased a new position in Aehr Test Systems in the 2nd quarter worth about $89,000. Hedge funds and other institutional investors 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.