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

Aehr Test Systems (NASDAQ:AEHR) has received a consensus rating of “Buy” from the six analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $117.50.

Several equities analysts recently weighed in on the stock. Weiss Ratings lowered shares of Aehr Test Systems from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, July 15th. Lake Street Capital reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Zacks Research upgraded shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Wall Street Zen raised shares of Aehr Test Systems from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Finally, 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, July 15th.

Insider Buying and Selling

In other Aehr Test Systems news, Director Howard T. Slayen sold 6,819 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $104.73, for a total transaction of $714,153.87. Following the completion of the transaction, the director directly owned 169,709 shares of the company’s stock, valued at approximately $17,773,623.57. This represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 6.80% of the company’s stock.

Institutional Trading of Aehr Test Systems

Several hedge funds have recently made changes to their positions in AEHR. Vanguard Group Inc. increased its holdings in Aehr Test Systems by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 2,337,433 shares of the semiconductor company’s stock worth $47,193,000 after acquiring an additional 49,243 shares during the last quarter. Halter Ferguson Financial Inc. lifted its holdings in Aehr Test Systems by 41.7% during the fourth quarter. Halter Ferguson Financial Inc. now owns 642,129 shares of the semiconductor company’s stock valued at $12,965,000 after purchasing an additional 189,117 shares during the last quarter. State of Alaska Department of Revenue bought a new position in Aehr Test Systems during the fourth quarter worth about $377,000. UBS Group AG boosted its position in Aehr Test Systems by 55.7% during the fourth quarter. UBS Group AG now owns 243,129 shares of the semiconductor company’s stock worth $4,909,000 after purchasing an additional 87,014 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Aehr Test Systems in the fourth quarter worth about $407,000. 69.69% of the stock is currently owned by institutional investors.

Aehr Test Systems Price Performance

Shares of Aehr Test Systems stock opened at $65.40 on Thursday. The firm has a market cap of $2.13 billion, a PE ratio of -272.49 and a beta of 3.17. Aehr Test Systems has a 1 year low of $15.94 and a 1 year high of $126.62. The stock has a fifty day moving average price of $91.90 and a 200-day moving average price of $65.17.

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.