Aehr Test Systems (NASDAQ:AEHR) Stock Has Consensus Price Target of $118.75 According to Brokerages

Aehr Test Systems (NASDAQ:AEHR) has been assigned a consensus rating of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $118.75.

A number of research firms have recently commented on AEHR. Freedom Capital upgraded Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Aehr Test Systems in a research report on Tuesday, October 27th. Lake Street Capital cut their price objective on Aehr Test Systems from $110.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday. Craig Hallum restated a “buy” rating and set a $125.00 price target on shares of Aehr Test Systems in a report on Wednesday, July 15th. Finally, Wall Street Zen upgraded Aehr Test Systems from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th.

Aehr Test Systems Price Performance

Shares of NASDAQ AEHR opened at $53.57 on Friday. Aehr Test Systems has a 1-year low of $18.70 and a 1-year high of $147.40. The business has a 50-day moving average of $79.76 and a 200-day moving average of $74.49. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of -223.20 and a beta of 3.36.

Aehr Test Systems (NASDAQ:AEHR) last released its quarterly earnings results on Monday, November 2nd. The semiconductor company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.17. Aehr Test Systems had a negative net margin of 14.25% and a negative return on equity of 3.83%. The company had revenue of $33.01 million during the quarter, compared to analysts’ expectations of $27.53 million. Research analysts expect that Aehr Test Systems will post 0.45 EPS for the current fiscal year.

Insider Buying and Selling at Aehr Test Systems

In other news, EVP Alberto Salamone sold 9,672 shares of Aehr Test Systems stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $127.72, for a total transaction of $1,235,307.84. Following the completion of the sale, the executive vice president owned 41,962 shares of the company’s stock, valued at approximately $5,359,386.64. This trade represents a 18.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Adil Engineer sold 15,000 shares of the 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 sale, the chief operating officer owned 46,977 shares in the company, valued at $6,154,926.54. This represents a 24.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 87,475 shares of company stock valued at $11,459,240. 4.60% of the stock is currently owned by insiders.

Institutional Trading of Aehr Test Systems

Several institutional investors have recently added to or reduced their stakes in AEHR. Algert Global LLC acquired a new position in shares of Aehr Test Systems in the second quarter valued at approximately $7,903,000. Capstone Capital Management Ltd boosted its holdings in shares of Aehr Test Systems by 80.9% in the third quarter. Capstone Capital Management Ltd now owns 39,566 shares of the semiconductor company’s stock valued at $3,942,000 after buying an additional 17,699 shares during the period. Legal & General Group Plc acquired a new position in Aehr Test Systems in the 2nd quarter valued at $2,288,000. Bank of America Corp DE acquired a new position in Aehr Test Systems during the 2nd quarter worth about $11,629,000. Finally, The Manufacturers Life Insurance Company purchased a new position in Aehr Test Systems in the first quarter worth $291,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

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.