Aehr Test Systems (NASDAQ:AEHR) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Shares of Aehr Test Systems (NASDAQ:AEHR) have earned an average recommendation of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $132.50.

AEHR has been the topic of several research analyst reports. Craig Hallum reissued a “buy” rating and set a $125.00 target price on shares of Aehr Test Systems in a research note on Wednesday, July 15th. Zacks Research downgraded Aehr Test Systems from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. Jefferies Financial Group began coverage on Aehr Test Systems in a research note on Thursday, August 13th. They issued a “buy” rating and a $175.00 price target for the company. Freedom Capital raised Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Finally, Lake Street Capital reiterated a “buy” rating and issued a $110.00 price target on shares of Aehr Test Systems in a report on Wednesday, July 15th.

Aehr Test Systems Trading Up 4.5%

NASDAQ AEHR opened at $63.33 on Tuesday. Aehr Test Systems has a fifty-two week low of $18.70 and a fifty-two week high of $147.40. The stock has a 50 day simple moving average of $94.36 and a two-hundred day simple moving average of $90.47.

Insiders Place Their Bets

In other news, Director Howard Slayen sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $108.30, for a total value of $2,166,000.00. Following the completion of the sale, the director directly owned 146,367 shares of the company’s stock, valued at approximately $15,851,546.10. This trade represents a 12.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gayn Erickson sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $130.84, for a total transaction of $5,233,600.00. Following the completion of the sale, the chief executive officer directly owned 157,723 shares of the company’s stock, valued at approximately $20,636,477.32. This represents a 20.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 109,475 shares of company stock worth $13,827,160. Company insiders own 4.60% of the company’s stock.

Hedge Funds Weigh In On Aehr Test Systems

A number of institutional investors have recently bought and sold shares of the stock. Advocate Investing Services LLC purchased a new position in shares of Aehr Test Systems in the 2nd quarter valued at approximately $26,000. Nykredit A S bought a new stake in shares of Aehr Test Systems during the second quarter valued at approximately $28,000. KBC Group NV purchased a new stake in Aehr Test Systems in the first quarter worth $30,000. Compagnie Lombard Odier SCmA purchased a new stake in Aehr Test Systems in the second quarter worth $34,000. Finally, Tema ETFs LLC purchased a new stake in Aehr Test Systems in the second quarter worth $89,000. 69.69% of the stock is owned by institutional investors.

Aehr Test Systems Company Profile

Aehr Test Systems (NASDAQ: AEHR) develops and manufactures test and burn-in equipment used by semiconductor manufacturers. Its systems are designed to identify reliability issues and manufacturing defects in integrated circuits, including devices tested at the wafer, die, and packaged-device levels.

The company’s product portfolio includes the FOX family of test and burn-in systems, WaferPak wafer-level test fixtures, and DiePak carriers for testing individual semiconductor dies. These solutions are used in the production of silicon carbide power semiconductors, silicon photonics devices, memory products, and other advanced semiconductor components.

Founded in 1977 and headquartered in Fremont, California, Aehr Test Systems serves semiconductor manufacturers and suppliers worldwide.