Aehr Test Systems (NASDAQ:AEHR) Given Average Recommendation of “Hold” by Brokerages

Aehr Test Systems (NASDAQ:AEHR) has been given a consensus recommendation of “Hold” by the five research firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $21.00.

A number of equities research analysts have recently weighed in on the company. Zacks Research raised Aehr Test Systems from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. William Blair upgraded shares of Aehr Test Systems from a “market perform” rating to an “outperform” rating in a research note on Monday, March 2nd. Craig Hallum reiterated a “hold” rating on shares of Aehr Test Systems in a research note on Friday, January 9th. Weiss Ratings reissued a “sell (d)” rating on shares of Aehr Test Systems in a report on Wednesday, January 21st. Finally, Lake Street Capital began coverage on shares of Aehr Test Systems in a research report on Wednesday, December 17th. They set a “buy” rating on the stock.

Aehr Test Systems Trading Down 11.4%

Shares of NASDAQ AEHR opened at $34.57 on Friday. The firm has a market cap of $1.06 billion, a P/E ratio of -115.23 and a beta of 2.22. The business’s 50 day moving average is $33.20 and its 200-day moving average is $27.92. Aehr Test Systems has a 1-year low of $6.27 and a 1-year high of $46.95.

Aehr Test Systems (NASDAQ:AEHR) last released its quarterly earnings results on Thursday, January 8th. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $11.45 million. Analysts forecast that Aehr Test Systems will post 0.1 EPS for the current year.

Insider Activity at Aehr Test Systems

In related news, Director Laura Oliphant sold 4,546 shares of the stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $31.40, for a total transaction of $142,744.40. Following the sale, the director owned 18,432 shares of the company’s stock, valued at $578,764.80. This represents a 19.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Rhea J. Posedel sold 13,998 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $30.02, for a total value of $420,219.96. Following the transaction, the director owned 456,979 shares in the company, valued at approximately $13,718,509.58. This trade represents a 2.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 6.80% of the company’s stock.

Institutional Trading of Aehr Test Systems

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Aehr Test Systems by 2.9% during the third quarter. Vanguard Group Inc. now owns 2,288,190 shares of the semiconductor company’s stock worth $68,897,000 after purchasing an additional 65,444 shares during the period. KLCM Advisors Inc. increased its holdings in Aehr Test Systems by 200.0% in the 3rd quarter. KLCM Advisors Inc. now owns 75,000 shares of the semiconductor company’s stock valued at $2,258,000 after buying an additional 50,000 shares during the period. HighTower Advisors LLC increased its holdings in Aehr Test Systems by 485.1% in the 3rd quarter. HighTower Advisors LLC now owns 78,340 shares of the semiconductor company’s stock valued at $2,359,000 after buying an additional 64,950 shares during the period. William Blair Investment Management LLC acquired a new position in shares of Aehr Test Systems in the 3rd quarter valued at approximately $26,920,000. Finally, Bosun Asset Management LLC bought a new stake in shares of Aehr Test Systems during the 2nd quarter worth approximately $272,000. 69.69% of the stock is owned by institutional investors and hedge funds.

About Aehr Test Systems

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.