Aehr Test Systems (NASDAQ:AEHR) Trading Up 3.9% – What’s Next?

Aehr Test Systems (NASDAQ:AEHR)’s share price rose 3.9% on Thursday . The stock traded as high as $99.06 and last traded at $99.3220. 1,037,876 shares were traded during trading, a decline of 58% from the average session volume of 2,460,646 shares. The stock had previously closed at $95.56.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on AEHR shares. Lake Street Capital reissued a “buy” rating and issued a $110.00 target price on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Weiss Ratings lowered Aehr Test Systems from a “sell (d)” rating to a “sell (e+)” rating in a research report on Wednesday, July 29th. Oppenheimer started coverage on Aehr Test Systems in a research report on Thursday. They set an “outperform” rating and a $120.00 price target on the stock. Zacks Research raised Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Finally, Craig Hallum reiterated a “buy” rating and issued a $125.00 price objective on shares of Aehr Test Systems in a report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $132.50.

Aehr Test Systems Price Performance

The stock’s 50 day simple moving average is $91.30 and its two-hundred day simple moving average is $80.83. The firm has a market cap of $3.09 billion, a P/E ratio of -394.53 and a beta of 3.06.

Insider Buying and Selling

In other Aehr Test Systems news, Director Laura Oliphant sold 1,717 shares of the business’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $133.00, for a total value of $228,361.00. Following the sale, the director directly owned 16,100 shares of the company’s stock, valued at approximately $2,141,300. The trade was a 9.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Howard T. Slayen sold 5,700 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $133.03, for a total value of $758,271.00. Following the completion of the sale, the director directly owned 140,667 shares in the company, valued at approximately $18,712,931.01. This represents a 3.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 109,475 shares of company stock worth $13,827,160 over the last three months. Corporate insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Aehr Test Systems

A number of hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System increased its stake in Aehr Test Systems by 7,836.7% during the 2nd quarter. California State Teachers Retirement System now owns 3,301,582 shares of the semiconductor company’s stock valued at $317,150,000 after purchasing an additional 3,259,983 shares in the last quarter. BlackRock Inc. bought a new position in shares of Aehr Test Systems in the second quarter worth approximately $255,476,000. Vanguard Group Inc. lifted its stake in shares of 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 worth $47,193,000 after buying an additional 49,243 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Aehr Test Systems by 129.9% during the fourth quarter. Wellington Management Group LLP now owns 830,664 shares of the semiconductor company’s stock valued at $16,771,000 after buying an additional 469,400 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Aehr Test Systems by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 685,694 shares of the semiconductor company’s stock valued at $13,846,000 after buying an additional 5,591 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.

About Aehr Test Systems

Aehr Test Systems (NASDAQ: AEHR) develops and manufactures semiconductor test and burn-in equipment used to verify the reliability and performance of integrated circuits, wafers and packaged devices. Its systems are designed to identify defects and reliability issues before semiconductor products are shipped to customers.

The company’s product portfolio includes the FOX family of test and burn-in systems, along with wafer-level and packaged-device solutions such as WaferPak contactors and DiePak carriers.