Aehr Test Systems (NASDAQ:AEHR) Stock Price Down 17.4% – What’s Next?

Aehr Test Systems (NASDAQ:AEHR) fell 17.4% on Thursday. The company traded as low as $52.80 and last traded at $50.2240. 759,486 shares were traded during mid-day trading, a decline of 70% from the average session volume of 2,510,640 shares. The stock had previously closed at $60.84.

Aehr Test Systems News Roundup

Here are the key news stories impacting Aehr Test Systems this week:

• Positive Sentiment: Aehr reported Q1 revenue of $33.01 million, above the $27.53 million consensus, and EPS of $0.28 versus estimates of $0.11. The company also swung to a profit, raised guidance, and cited AI-related demand—results that initially lifted the stock. Aehr Test Systems Q1 2027 Earnings Call Summary
• Neutral Sentiment: Trading in call options was unusually active, with 14,866 calls purchased—51% above typical volume. This indicates elevated investor activity but does not establish a clear direction. Aehr Test System Stock Price Target 2026
• Negative Sentiment: Jefferies lowered its price target to $140 from $175, while maintaining a Buy rating. Lake Street Capital also cut its target, to $90 from $110, while retaining a Buy rating. These reductions may be prompting investors to reassess expectations despite the earnings beat. Jefferies cuts Aehr Test Systems price target

Analyst Ratings Changes

AEHR has been the topic of several recent research reports. Zacks Research lowered Aehr Test Systems from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. Weiss Ratings reissued a “sell (e+)” rating on shares of Aehr Test Systems in a research note on Tuesday, October 27th. Lake Street Capital cut their target price on shares of Aehr Test Systems from $110.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday. Craig Hallum reaffirmed a “buy” rating and issued a $125.00 target price on shares of Aehr Test Systems in a research note on Wednesday, July 15th. Finally, Wall Street Zen upgraded Aehr Test Systems from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $118.75.

Aehr Test Systems Stock Down 19.2%

The stock’s fifty day simple moving average is $81.34 and its 200 day simple moving average is $74.26. The firm has a market capitalization of $1.61 billion, a PE ratio of -204.03 and a beta of 3.36.

Aehr Test Systems (NASDAQ:AEHR) last announced its quarterly earnings data on Monday, November 2nd. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.17. Aehr Test Systems had a negative net margin of 14.25% and a negative return on equity of 3.83%. The firm had revenue of $33.01 million during the quarter, compared to analysts’ expectations of $27.53 million. On average, analysts predict that Aehr Test Systems will post 0.45 EPS for the current year.

Insider Transactions at Aehr Test Systems

In related news, Director Howard T. Slayen sold 5,700 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $133.03, for a total transaction of $758,271.00. Following the completion of the transaction, the director directly owned 140,667 shares of the company’s stock, valued at approximately $18,712,931.01. This represents a 3.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rhea J. Posedel sold 5,973 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $140.00, for a total value of $836,220.00. Following the transaction, the director owned 381,989 shares of the company’s stock, valued at $53,478,460. This represents a 1.54% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 87,475 shares of company stock valued at $11,459,240. 4.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of Aehr Test Systems by 13.6% in the third quarter. GAMMA Investing LLC now owns 1,799 shares of the semiconductor company’s stock valued at $179,000 after purchasing an additional 216 shares in the last quarter. Nisa Investment Advisors LLC increased its position in Aehr Test Systems by 8.3% in the third quarter. Nisa Investment Advisors LLC now owns 2,925 shares of the semiconductor company’s stock worth $291,000 after purchasing an additional 224 shares during the last quarter. Arizona State Retirement System raised its stake in Aehr Test Systems by 3.2% during the second quarter. Arizona State Retirement System now owns 8,245 shares of the semiconductor company’s stock valued at $792,000 after purchasing an additional 253 shares in the last quarter. Advocate Investing Services LLC bought a new position in Aehr Test Systems during the second quarter valued at $26,000. Finally, Nykredit A S bought a new position in Aehr Test Systems during the second quarter valued at $28,000. 69.69% of the stock is currently owned by institutional investors.

About Aehr Test Systems

Aehr Test Systems (NASDAQ: AEHR) develops and manufactures test and burn-in equipment used to qualify and screen semiconductor devices. Its systems are designed to identify manufacturing defects and reliability issues before chips are shipped to customers, helping semiconductor manufacturers improve production yields and product quality.

The company’s product portfolio includes the FOX family of semiconductor test systems, including the FOX-XP, FOX-NP and FOX-1P platforms. Aehr also provides wafer contactors, DiePak carriers and related test fixtures and software.