Aehr Test Systems (NASDAQ:AEHR) Reaches New 52-Week High – What’s Next?

Shares of Aehr Test Systems (NASDAQ:AEHR) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $126.62 and last traded at $121.76, with a volume of 518615 shares trading hands. The stock had previously closed at $108.47.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AEHR. Wall Street Zen upgraded Aehr Test Systems from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 6th. Craig Hallum upgraded Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research note on Wednesday, April 8th. William Blair upgraded Aehr Test Systems from a “market perform” rating to an “outperform” rating in a research note on Monday, March 2nd. Weiss Ratings upgraded Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Finally, Lake Street Capital reiterated a “buy” rating on shares of Aehr Test Systems in a research note on Wednesday, April 8th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Aehr Test Systems currently has a consensus rating of “Hold” and a consensus target price of $68.00.

Aehr Test Systems Stock Down 9.5%

The firm has a market cap of $3.30 billion, a price-to-earnings ratio of -275.87 and a beta of 3.17. The business has a 50 day moving average price of $91.55 and a 200-day moving average price of $51.46.

Aehr Test Systems (NASDAQ:AEHR) last issued its quarterly earnings results on Tuesday, April 7th. The semiconductor company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The firm had revenue of $10.31 million during the quarter, compared to the consensus estimate of $10.85 million. Aehr Test Systems had a negative return on equity of 7.15% and a negative net margin of 25.23%. Research analysts anticipate that Aehr Test Systems will post -0.31 earnings per share for the current fiscal year.

Insider Transactions at Aehr Test Systems

In related news, EVP Alberto Salamone sold 15,000 shares of the stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $89.57, for a total value of $1,343,550.00. Following the completion of the transaction, the executive vice president owned 63,025 shares of the company’s stock, valued at approximately $5,645,149.25. This represents a 19.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Donald P. Richmond II sold 17,011 shares of the stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $73.18, for a total value of $1,244,864.98. Following the completion of the transaction, the insider directly owned 181,512 shares of the company’s stock, valued at $13,283,048.16. This represents a 8.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 375,005 shares of company stock valued at $28,656,178 in the last three months. 6.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Aehr Test Systems by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 2,337,433 shares of the semiconductor company’s stock valued at $47,193,000 after purchasing an additional 49,243 shares during the last quarter. William Blair Investment Management LLC purchased a new position in Aehr Test Systems in the third quarter valued at about $26,920,000. Wellington Management Group LLP boosted its holdings in Aehr Test Systems by 129.9% in the fourth quarter. Wellington Management Group LLP now owns 830,664 shares of the semiconductor company’s stock valued at $16,771,000 after purchasing an additional 469,400 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Aehr Test Systems by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 685,694 shares of the semiconductor company’s stock valued at $13,846,000 after purchasing an additional 5,591 shares during the last quarter. Finally, Halter Ferguson Financial Inc. lifted its holdings in Aehr Test Systems by 41.7% during the 4th quarter. Halter Ferguson Financial Inc. now owns 642,129 shares of the semiconductor company’s stock worth $12,965,000 after buying an additional 189,117 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

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.