Aehr Test Systems (NASDAQ:AEHR) Receives Consensus Recommendation of “Hold” from Analysts

Aehr Test Systems (NASDAQ:AEHR) has received a consensus recommendation of “Hold” from the five brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $68.00.

Several research analysts have recently issued reports on the stock. William Blair upgraded shares of Aehr Test Systems from a “market perform” rating to an “outperform” rating in a report on Monday, March 2nd. Wall Street Zen downgraded shares of Aehr Test Systems from a “sell” rating to a “strong sell” rating in a report on Saturday. Lake Street Capital reissued a “buy” rating on shares of Aehr Test Systems in a research note on Wednesday, April 8th. Weiss Ratings raised shares of Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Finally, Craig Hallum raised 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 note on Wednesday, April 8th.

Aehr Test Systems Stock Performance

NASDAQ:AEHR opened at $99.50 on Friday. The firm’s 50-day moving average is $64.54 and its 200-day moving average is $39.52. Aehr Test Systems has a 52-week low of $8.31 and a 52-week high of $108.75. The company has a market cap of $3.13 billion, a price-to-earnings ratio of -261.84 and a beta of 3.26.

Aehr Test Systems (NASDAQ:AEHR) last posted its quarterly earnings data on Tuesday, April 7th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.02. Aehr Test Systems had a negative net margin of 25.23% and a negative return on equity of 7.15%. The company had revenue of $10.31 million for the quarter, compared to the consensus estimate of $10.85 million. Equities analysts predict that Aehr Test Systems will post -0.31 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Alberto Salamone sold 15,000 shares of the company’s stock in a transaction dated Monday, April 20th. The shares were 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Laura Oliphant sold 4,665 shares of the company’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $85.59, for a total transaction of $399,277.35. The SEC filing for this sale provides additional information. Insiders have sold a total of 375,005 shares of company stock valued at $28,656,178 over the last 90 days. Company insiders own 6.80% of the company’s stock.

Institutional Trading of Aehr Test Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue bought a new stake in Aehr Test Systems in the fourth quarter valued at about $377,000. Halter Ferguson Financial Inc. boosted its position in Aehr Test Systems by 41.7% in the fourth quarter. Halter Ferguson Financial Inc. now owns 642,129 shares of the semiconductor company’s stock valued at $12,965,000 after buying an additional 189,117 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Aehr Test Systems in the fourth quarter valued at about $407,000. Vanguard Group Inc. boosted its position in Aehr Test Systems by 2.9% in the third quarter. Vanguard Group Inc. now owns 2,288,190 shares of the semiconductor company’s stock valued at $68,897,000 after buying an additional 65,444 shares in the last quarter. Finally, HighTower Advisors LLC boosted its position in Aehr Test Systems by 485.1% in the third quarter. HighTower Advisors LLC now owns 78,340 shares of the semiconductor company’s stock valued at $2,359,000 after buying an additional 64,950 shares in the last quarter. Institutional investors own 69.69% of the company’s stock.

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.