Aehr Test Systems (NASDAQ:AEHR) Shares Gap Up – Time to Buy?

Aehr Test Systems (NASDAQ:AEHR) gapped up prior to trading on Monday . The stock had previously closed at $98.45, but opened at $105.00. Aehr Test Systems shares last traded at $95.6780, with a volume of 365,018 shares changing hands.

Wall Street Analyst Weigh In

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

Aehr Test Systems Trading Down 1.3%

The firm’s 50-day moving average price is $84.95 and its 200 day moving average price is $48.50. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of -248.18 and a beta of 3.17.

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

Insider Buying and Selling

In other news, Director Howard T. Slayen sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $85.00, for a total value of $2,125,000.00. Following the completion of the transaction, the director directly owned 178,328 shares in the company, valued at approximately $15,157,880. The trade was a 12.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Donald P. Richmond II sold 17,011 shares of the business’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $73.18, for a total transaction of $1,244,864.98. Following the completion of the transaction, the insider owned 181,512 shares of the company’s stock, valued at $13,283,048.16. The trade was a 8.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 375,005 shares of company stock worth $28,656,178. 6.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Aehr Test Systems

Hedge funds and other institutional investors have recently made changes to their positions in the company. KBC Group NV bought a new stake in shares of Aehr Test Systems during the 1st quarter valued at approximately $30,000. Sunbelt Securities Inc. bought a new stake in shares of Aehr Test Systems during the 3rd quarter valued at approximately $27,000. Jones Financial Companies Lllp grew its holdings in shares of Aehr Test Systems by 3,448.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,029 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 1,000 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Aehr Test Systems during the 4th quarter valued at approximately $25,000. Finally, RiverPark Advisors LLC bought a new stake in shares of Aehr Test Systems during the 3rd quarter valued at approximately $42,000. 69.69% of the stock is currently 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.