Aehr Test Systems (NASDAQ:AEHR) Stock Falls 10.4% – Should You Sell?

Aehr Test Systems (NASDAQ:AEHR) traded down 10.4% on Thursday. The stock traded as low as $58.26 and last traded at $57.2230. Approximately 585,454 shares were traded during mid-day trading, a decline of 76% from the average session volume of 2,476,386 shares. The stock had previously closed at $63.88.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AEHR. Oppenheimer initiated coverage on Aehr Test Systems in a report on Thursday, September 10th. They set an “outperform” rating and a $120.00 target price for the company. Freedom Capital upgraded shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Weiss Ratings cut shares of Aehr Test Systems from a “sell (d)” rating to a “sell (e+)” rating in a research report on Wednesday, July 29th. 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. Finally, Lake Street Capital reiterated a “buy” rating and set a $110.00 price objective on shares of Aehr Test Systems in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $132.50.

Aehr Test Systems Stock Down 0.6%

The firm has a market cap of $1.81 billion, a price-to-earnings ratio of -230.57 and a beta of 3.47. The business has a 50 day moving average price of $89.03 and a 200-day moving average price of $90.59.

Insider Buying and Selling

In other news, Director Howard Slayen sold 5,700 shares of Aehr Test Systems stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $133.03, for a total transaction of $758,271.00. Following the sale, the director owned 140,667 shares in the company, valued at $18,712,931.01. This trade represents a 3.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Rhea Posedel sold 5,973 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $53,478,460. The trade was a 1.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 109,475 shares of company stock valued at $13,827,160 over the last three months. Company insiders own 4.60% of the company’s stock.

Hedge Funds Weigh In On Aehr Test Systems

A number of institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Aehr Test Systems during the 2nd quarter valued at approximately $255,476,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Aehr Test Systems in the second quarter worth $64,433,000. AWM Investment Company Inc. acquired a new stake in Aehr Test Systems in the second quarter valued at $36,004,000. Bard Associates Inc. acquired a new stake in Aehr Test Systems in the second quarter valued at $15,072,000. Finally, Penn Capital Management Company LLC bought a new position in Aehr Test Systems during the 2nd quarter valued at $14,476,000. 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.