Aehr Test Systems (NASDAQ:AEHR) Stock Price Up 8.1% – Here’s What Happened

Aehr Test Systems (NASDAQ:AEHR) was up 8.1% on Friday . The company traded as high as $31.32 and last traded at $32.7190. Approximately 126,707 shares traded hands during trading, a decline of 90% from the average daily volume of 1,312,105 shares. The stock had previously closed at $30.27.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AEHR. Weiss Ratings restated a “sell (d)” rating on shares of Aehr Test Systems in a research report on Wednesday, January 21st. Craig Hallum reissued a “hold” rating on shares of Aehr Test Systems in a research note on Friday, January 9th. Lake Street Capital initiated coverage on Aehr Test Systems in a research note on Wednesday, December 17th. They issued a “buy” rating for the company. Finally, Zacks Research upgraded shares of Aehr Test Systems from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Aehr Test Systems presently has an average rating of “Hold” and a consensus price target of $21.00.

Aehr Test Systems Stock Performance

The stock has a market capitalization of $981.63 million, a price-to-earnings ratio of -106.82 and a beta of 2.31. The stock has a fifty day simple moving average of $25.47 and a two-hundred day simple moving average of $24.92.

Aehr Test Systems (NASDAQ:AEHR) last released its earnings results on Thursday, January 8th. The semiconductor company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.04. Aehr Test Systems had a negative return on equity of 4.57% and a negative net margin of 16.63%.The business had revenue of $9.88 million during the quarter, compared to analysts’ expectations of $11.45 million. Research analysts forecast that Aehr Test Systems will post 0.1 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Rhea J. Posedel sold 13,998 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $30.02, for a total value of $420,219.96. Following the completion of the sale, the director directly owned 456,979 shares in the company, valued at $13,718,509.58. This trade represents a 2.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Laura Oliphant sold 4,546 shares of the business’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $31.40, for a total value of $142,744.40. Following the completion of the sale, the director directly owned 18,432 shares of the company’s stock, valued at $578,764.80. The trade was a 19.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 6.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Aehr Test Systems

A number of institutional investors have recently modified their holdings of the company. Royal Bank of Canada grew its position in 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 purchasing an additional 36,364 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Aehr Test Systems by 8.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,225 shares of the semiconductor company’s stock valued at $126,000 after buying an additional 1,344 shares in the last quarter. CWM LLC boosted its stake in Aehr Test Systems by 15.1% during the 2nd quarter. CWM LLC now owns 6,062 shares of the semiconductor company’s stock valued at $78,000 after purchasing an additional 793 shares during the last quarter. AlphaQuest LLC increased its holdings in Aehr Test Systems by 697.6% during the 2nd quarter. AlphaQuest LLC now owns 20,156 shares of the semiconductor company’s stock worth $261,000 after purchasing an additional 17,629 shares in the last quarter. Finally, Pier Capital LLC lifted its holdings in shares of Aehr Test Systems by 16.0% in the second quarter. Pier Capital LLC now owns 405,932 shares of the semiconductor company’s stock valued at $5,249,000 after purchasing an additional 55,861 shares in the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

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.