Aehr Test Systems (NASDAQ:AEHR) Shares Down 9.2% – What’s Next?

Aehr Test Systems (NASDAQ:AEHR)’s share price traded down 9.2% during trading on Friday. The stock traded as low as $55.31 and last traded at $55.4540. 502,061 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 2,523,556 shares. The stock had previously closed at $61.04.

Analyst Upgrades and Downgrades

AEHR has been the subject of several research reports. Oppenheimer initiated coverage on Aehr Test Systems in a report on Thursday, September 10th. They set an “outperform” rating and a $120.00 price objective for the company. Freedom Capital upgraded Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Aehr Test Systems in a research report on Tuesday, October 27th. Wall Street Zen raised Aehr Test Systems from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Finally, Lake Street Capital cut their price target on Aehr Test Systems from $110.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $118.75.

Aehr Test Systems Trading Down 6.0%

The company’s fifty day moving average is $78.35 and its 200 day moving average is $75.15. The company has a market capitalization of $1.88 billion, a P/E ratio of 1,435.60 and a beta of 3.36.

Aehr Test Systems (NASDAQ:AEHR) last issued its earnings results on Monday, November 2nd. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.17. The business had revenue of $33.01 million for the quarter, compared to analysts’ expectations of $27.53 million. Aehr Test Systems had a net margin of 2.97% and a return on equity of 1.76%.

Institutional Trading of Aehr Test Systems

Several institutional investors and hedge funds have recently bought and sold shares of AEHR. BlackRock Inc. purchased a new stake in shares of Aehr Test Systems in the second quarter worth $255,476,000. State Street Corp raised its holdings in shares of Aehr Test Systems by 8.4% in the 3rd quarter. State Street Corp now owns 772,959 shares of the semiconductor company’s stock valued at $77,002,000 after acquiring an additional 60,033 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Aehr Test Systems in the 2nd quarter valued at about $64,433,000. AWM Investment Company Inc. purchased a new stake in shares of Aehr Test Systems in the 2nd quarter valued at about $36,004,000. Finally, Wellington Management Group LLP boosted its position in shares of Aehr Test Systems by 56.0% during the 2nd quarter. Wellington Management Group LLP now owns 238,453 shares of the semiconductor company’s stock valued at $22,906,000 after acquiring an additional 85,568 shares during the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Aehr Test Systems Company Profile

Aehr Test Systems designs, manufactures and markets semiconductor test and burn-in equipment and related products. Its systems are used to test devices at the wafer, die and packaged-chip stages of production. The company’s offerings include FOX series test and burn-in systems, WaferPak wafer-level contactors and DiePak carriers. These products support testing for applications such as silicon carbide power semiconductors, silicon photonics and other devices used in automotive, computing and communications markets.