Aehr Test Systems (NASDAQ:AEHR) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Aehr Test Systems (NASDAQ:AEHR) from a hold rating to a sell rating in a report issued on Saturday morning.

Separately, Craig Hallum upgraded Aehr Test Systems from a hold rating to a buy rating and upped their target price for the company from $12.00 to $25.00 in a report on Wednesday, July 17th.

Aehr Test Systems Price Performance

NASDAQ:AEHR opened at $12.71 on Friday. Aehr Test Systems has a one year low of $9.83 and a one year high of $42.74. The company has a market cap of $367.37 million, a PE ratio of 24.43 and a beta of 2.03. The firm’s 50 day simple moving average is $13.74 and its 200 day simple moving average is $13.00.

Aehr Test Systems (NASDAQ:AEHR) last issued its quarterly earnings results on Friday, July 19th. The semiconductor company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.70. The company had revenue of $16.60 million for the quarter. Aehr Test Systems had a net margin of 50.07% and a return on equity of 36.41%. During the same quarter last year, the firm posted $0.21 EPS. Equities research analysts expect that Aehr Test Systems will post 0.25 EPS for the current year.

Insider Activity at Aehr Test Systems

In other Aehr Test Systems news, Director Fariba Danesh sold 10,000 shares of the stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $18.59, for a total transaction of $185,900.00. Following the transaction, the director now directly owns 16,390 shares in the company, valued at approximately $304,690.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Howard T. Slayen purchased 20,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average cost of $15.50 per share, with a total value of $310,000.00. Following the purchase, the director now owns 220,714 shares in the company, valued at $3,421,067. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Fariba Danesh sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $18.59, for a total value of $185,900.00. Following the completion of the sale, the director now directly owns 16,390 shares of the company’s stock, valued at $304,690.10. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 11.30% of the stock is owned by corporate insiders.

Institutional Trading of Aehr Test Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Virtu Financial LLC acquired a new stake in shares of Aehr Test Systems in the 4th quarter worth about $537,000. Congress Asset Management Co. MA bought a new stake in Aehr Test Systems during the fourth quarter worth $23,229,000. Greenwood Capital Associates LLC raised its position in Aehr Test Systems by 10.6% in the 4th quarter. Greenwood Capital Associates LLC now owns 21,046 shares of the semiconductor company’s stock valued at $558,000 after buying an additional 2,023 shares during the last quarter. Bouvel Investment Partners LLC lifted its stake in Aehr Test Systems by 85.9% during the 1st quarter. Bouvel Investment Partners LLC now owns 54,594 shares of the semiconductor company’s stock valued at $677,000 after acquiring an additional 25,227 shares in the last quarter. Finally, Baillie Gifford & Co. boosted its holdings in Aehr Test Systems by 25.1% during the 1st quarter. Baillie Gifford & Co. now owns 828,626 shares of the semiconductor company’s stock worth $10,275,000 after acquiring an additional 166,319 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.

Aehr Test Systems Company Profile

Aehr Test Systems provides test solutions for testing, burning-in, and semiconductor devices in wafer level, singulated die, and package part form, and installed systems worldwide. Its product portfolio includes FOX-XP and FOX-NP systems that are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize range of devices, including silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices.