Aehr Test Systems (NASDAQ:AEHR) Stock Rating Reaffirmed by Craig Hallum

Craig Hallum reiterated their hold rating on shares of Aehr Test Systems (NASDAQ:AEHR) in a report published on Tuesday, Marketbeat Ratings reports. The brokerage currently has a $12.00 price target on the semiconductor company’s stock.

Several other equities research analysts also recently commented on the company. William Blair reissued a market perform rating on shares of Aehr Test Systems in a research note on Monday, March 25th. StockNews.com raised Aehr Test Systems from a sell rating to a hold rating in a research report on Friday, January 19th.

Aehr Test Systems Trading Down 0.5 %

NASDAQ:AEHR opened at $12.40 on Tuesday. The stock has a market cap of $357.74 million, a price-to-earnings ratio of 17.47 and a beta of 2.01. Aehr Test Systems has a 1 year low of $10.53 and a 1 year high of $54.10. The stock has a 50-day moving average price of $15.74 and a two-hundred day moving average price of $25.18.

Aehr Test Systems (NASDAQ:AEHR) last released its quarterly earnings results on Tuesday, January 9th. The semiconductor company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. Aehr Test Systems had a return on equity of 26.97% and a net margin of 25.76%. The firm had revenue of $21.43 million during the quarter, compared to the consensus estimate of $20.10 million. Sell-side analysts forecast that Aehr Test Systems will post 0.39 earnings per share for the current year.

Insider Activity

In related news, VP Avijit K. Ray-Chaudhuri bought 3,000 shares of the firm’s stock in a transaction on Friday, January 12th. The shares were purchased at an average price of $17.87 per share, with a total value of $53,610.00. Following the completion of the purchase, the vice president now owns 9,719 shares in the company, valued at approximately $173,678.53. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Aehr Test Systems news, CEO Gayn Erickson sold 4,871 shares of the business’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $17.39, for a total transaction of $84,706.69. Following the sale, the chief executive officer now owns 427,935 shares of the company’s stock, valued at approximately $7,441,789.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Avijit K. Ray-Chaudhuri bought 3,000 shares of the stock in a transaction that occurred on Friday, January 12th. The stock was bought at an average cost of $17.87 per share, for a total transaction of $53,610.00. Following the completion of the purchase, the vice president now directly owns 9,719 shares of the company’s stock, valued at $173,678.53. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 8,738 shares of company stock valued at $151,723. 11.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Aehr Test Systems

Several hedge funds and other institutional investors have recently modified their holdings of AEHR. IFP Advisors Inc lifted its stake in shares of Aehr Test Systems by 141.3% in the 3rd quarter. IFP Advisors Inc now owns 823 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 482 shares during the period. PNC Financial Services Group Inc. lifted its position in Aehr Test Systems by 93.0% during the second quarter. PNC Financial Services Group Inc. now owns 1,158 shares of the semiconductor company’s stock valued at $48,000 after buying an additional 558 shares during the period. Deutsche Bank AG bought a new stake in shares of Aehr Test Systems during the 1st quarter valued at $40,000. Russell Investments Group Ltd. bought a new stake in shares of Aehr Test Systems during the 2nd quarter valued at $53,000. Finally, US Bancorp DE grew its position in shares of Aehr Test Systems by 101.7% in the 2nd quarter. US Bancorp DE now owns 1,327 shares of the semiconductor company’s stock worth $55,000 after buying an additional 669 shares during the period. 69.69% of the stock is owned by institutional investors.

Aehr Test Systems Company Profile

Aehr Test Systems provides test solutions for testing, burning-in, and semiconductor devices in wafer level, singulated die, and package part form, and installed systems worldwide. Its product portfolio includes FOX-XP and FOX-NP systems that are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize range of devices, including silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices.