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

Aehr Test Systems (NASDAQ:AEHR) has been given an average rating of “Hold” by the five brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $68.00.

AEHR has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Aehr Test Systems from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 6th. Craig Hallum raised shares of Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock 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, Lake Street Capital reissued a “buy” rating on shares of Aehr Test Systems in a report on Wednesday, April 8th.

Insider Transactions at Aehr Test Systems

In other news, Director Rhea J. Posedel sold 30,000 shares of Aehr Test Systems stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $70.00, for a total value of $2,100,000.00. Following the completion of the sale, the director directly owned 426,979 shares of the company’s stock, valued at approximately $29,888,530. This trade represents a 6.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Howard T. Slayen sold 25,000 shares of the business’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $85.00, for a total value of $2,125,000.00. Following the sale, the director owned 178,328 shares of the company’s stock, valued at approximately $15,157,880. The trade was a 12.30% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 375,005 shares of company stock worth $28,656,178. Corporate insiders own 6.80% of the company’s stock.

Institutional Trading of Aehr Test Systems

A number of institutional investors have recently bought and sold shares of the business. Royal Bank of Canada increased its position in shares of Aehr Test Systems by 262.7% in the 1st quarter. Royal Bank of Canada now owns 50,207 shares of the semiconductor company’s stock valued at $365,000 after buying an additional 36,364 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Aehr Test Systems by 8.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,225 shares of the semiconductor company’s stock worth $126,000 after acquiring an additional 1,344 shares during the period. JPMorgan Chase & Co. lifted its position in Aehr Test Systems by 7.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 15,576 shares of the semiconductor company’s stock valued at $201,000 after acquiring an additional 1,145 shares in the last quarter. Legal & General Group Plc lifted its position in Aehr Test Systems by 110.8% in the 2nd quarter. Legal & General Group Plc now owns 6,882 shares of the semiconductor company’s stock valued at $89,000 after acquiring an additional 3,617 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in Aehr Test Systems by 3.1% in the 2nd quarter. Rhumbline Advisers now owns 41,466 shares of the semiconductor company’s stock worth $536,000 after purchasing an additional 1,254 shares during the period. Institutional investors and hedge funds own 69.69% of the company’s stock.

Aehr Test Systems Stock Performance

Shares of AEHR stock opened at $69.96 on Friday. Aehr Test Systems has a 52 week low of $12.19 and a 52 week high of $126.62. The stock has a market capitalization of $2.20 billion, a PE ratio of -184.11 and a beta of 3.17. The stock’s fifty day moving average is $97.34 and its 200-day moving average is $57.87.

Aehr Test Systems (NASDAQ:AEHR) last released its quarterly earnings results on Tuesday, April 7th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The business had revenue of $10.31 million during the quarter, compared to analysts’ expectations of $10.85 million. Aehr Test Systems had a negative return on equity of 7.15% and a negative net margin of 25.23%. As a group, analysts forecast that Aehr Test Systems will post -0.31 earnings per share for the current fiscal year.

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.