Zacks Research Downgrades Aehr Test Systems (NASDAQ:AEHR) to Hold

Aehr Test Systems (NASDAQ:AEHR) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, Zacks reports.

AEHR has been the topic of several other reports. Freedom Capital raised shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Wall Street Zen upgraded shares of Aehr Test Systems from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Lake Street Capital reiterated a “buy” rating and issued a $110.00 price objective on shares of Aehr Test Systems in a report on Wednesday, July 15th. Jefferies Financial Group assumed coverage on shares of Aehr Test Systems in a research note on Thursday, August 13th. They issued a “buy” rating and a $175.00 target price on the stock. Finally, Craig Hallum restated a “buy” rating and set a $125.00 target price on shares of Aehr Test Systems in a report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Aehr Test Systems presently has a consensus rating of “Moderate Buy” and an average target price of $132.50.

Aehr Test Systems Stock Down 2.1%

Shares of AEHR opened at $81.58 on Monday. Aehr Test Systems has a 52-week low of $18.70 and a 52-week high of $147.40. The firm’s fifty day moving average is $91.82 and its two-hundred day moving average is $81.75. The stock has a market cap of $2.66 billion, a PE ratio of -339.90 and a beta of 3.06.

Insider Buying and Selling

In other Aehr Test Systems news, Director Howard T. Slayen sold 5,700 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $133.03, for a total value of $758,271.00. Following the transaction, the director owned 140,667 shares of the company’s stock, valued at $18,712,931.01. This represents a 3.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Rhea J. Posedel sold 5,973 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $140.00, for a total transaction of $836,220.00. Following the transaction, the director directly owned 381,989 shares of the company’s stock, valued at approximately $53,478,460. This trade represents a 1.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 109,475 shares of company stock valued at $13,827,160. 4.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its stake in Aehr Test Systems by 33.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,480 shares of the semiconductor company’s stock worth $1,007,000 after acquiring an additional 2,624 shares in the last quarter. Tidal Investments LLC purchased a new position in Aehr Test Systems in the second quarter valued at $1,512,000. Engineers Gate Manager LP boosted its holdings in Aehr Test Systems by 5.2% in the second quarter. Engineers Gate Manager LP now owns 21,542 shares of the semiconductor company’s stock valued at $2,069,000 after purchasing an additional 1,069 shares during the period. IFP Advisors Inc purchased a new position in Aehr Test Systems in the second quarter valued at $166,000. Finally, Arizona State Retirement System grew its stake in Aehr Test Systems by 3.2% during the 2nd quarter. Arizona State Retirement System now owns 8,245 shares of the semiconductor company’s stock worth $792,000 after purchasing an additional 253 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

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.