Aehr Test Systems (NASDAQ:AEHR) Shares Gap Down – What’s Next?

Shares of Aehr Test Systems (NASDAQ:AEHR) gapped down prior to trading on Tuesday. The stock had previously closed at $63.33, but opened at $60.55. Aehr Test Systems shares last traded at $63.0570, with a volume of 470,577 shares trading hands.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Jefferies Financial Group assumed coverage on shares of Aehr Test Systems in a research note on Thursday, August 13th. They set a “buy” rating and a $175.00 price objective for the company. Wall Street Zen upgraded shares of Aehr Test Systems from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Weiss Ratings cut shares of Aehr Test Systems from a “sell (d)” rating to a “sell (e+)” rating in a research note on Wednesday, July 29th. Craig Hallum reissued a “buy” rating and issued a $125.00 price target on shares of Aehr Test Systems in a report on Wednesday, July 15th. Finally, Oppenheimer started coverage on shares of Aehr Test Systems in a research report on Thursday, September 10th. They set an “outperform” rating and a $120.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $132.50.

Aehr Test Systems Stock Up 3.0%

The business has a 50 day simple moving average of $91.95 and a two-hundred day simple moving average of $90.76.

Insider Activity

In related news, Director Laura Oliphant sold 1,717 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $133.00, for a total value of $228,361.00. Following the transaction, the director directly owned 16,100 shares in the company, valued at approximately $2,141,300. This represents a 9.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Adil Engineer sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $131.02, for a total transaction of $1,965,300.00. Following the completion of the transaction, the chief operating officer owned 46,977 shares in the company, valued at approximately $6,154,926.54. This trade represents a 24.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 109,475 shares of company stock worth $13,827,160. Company insiders own 4.60% of the company’s stock.

Institutional Investors Weigh In On Aehr Test Systems

Hedge funds have recently bought and sold shares of the stock. Capstone Capital Management Ltd grew its stake in Aehr Test Systems by 80.9% in the 3rd quarter. Capstone Capital Management Ltd now owns 39,566 shares of the semiconductor company’s stock worth $3,942,000 after buying an additional 17,699 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Aehr Test Systems by 8.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,925 shares of the semiconductor company’s stock worth $291,000 after acquiring an additional 224 shares during the last quarter. Benchmark Financial LLC bought a new stake in shares of Aehr Test Systems during the 3rd quarter worth $329,000. NFSG Corp lifted its holdings in shares of Aehr Test Systems by 19.1% during the 3rd quarter. NFSG Corp now owns 4,340 shares of the semiconductor company’s stock worth $432,000 after acquiring an additional 695 shares during the last quarter. Finally, Lodestone Wealth Management LLC grew its position in Aehr Test Systems by 20.5% in the third quarter. Lodestone Wealth Management LLC now owns 2,895 shares of the semiconductor company’s stock worth $288,000 after acquiring an additional 492 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors.

Aehr Test Systems Company Profile

Aehr Test Systems (NASDAQ: AEHR) develops and manufactures test and burn-in equipment used to qualify and screen semiconductor devices. Its systems are designed to identify manufacturing defects and reliability issues before chips are shipped to customers, helping semiconductor manufacturers improve production yields and product quality.

The company’s product portfolio includes the FOX family of semiconductor test systems, including the FOX-XP, FOX-NP and FOX-1P platforms. Aehr also provides wafer contactors, DiePak carriers and related test fixtures and software.