Aehr Test Systems (NASDAQ:AEHR) Upgraded at StockNews.com

StockNews.com upgraded shares of Aehr Test Systems (NASDAQ:AEHR) to a sell rating in a research note published on Wednesday morning.

Aehr Test Systems Stock Down 0.6 %

AEHR stock opened at $12.41 on Wednesday. The firm has a 50 day moving average of $13.61 and a two-hundred day moving average of $14.07. Aehr Test Systems has a 12 month low of $9.83 and a 12 month high of $21.44. The company has a market capitalization of $368.70 million, a price-to-earnings ratio of 16.55 and a beta of 1.86.

Aehr Test Systems (NASDAQ:AEHR) last issued its quarterly earnings data on Monday, January 13th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Aehr Test Systems had a return on equity of 21.09% and a net margin of 43.41%. On average, research analysts expect that Aehr Test Systems will post 0.1 EPS for the current fiscal year.

Institutional Trading of Aehr Test Systems

Institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC raised its holdings in Aehr Test Systems by 1,535.8% in the 3rd quarter. FMR LLC now owns 2,619,108 shares of the semiconductor company’s stock worth $33,656,000 after acquiring an additional 2,458,993 shares during the period. Baillie Gifford & Co. increased its stake in shares of Aehr Test Systems by 8.2% in the third quarter. Baillie Gifford & Co. now owns 1,806,849 shares of the semiconductor company’s stock worth $23,218,000 after purchasing an additional 136,259 shares during the period. Geode Capital Management LLC lifted its position in shares of Aehr Test Systems by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 639,149 shares of the semiconductor company’s stock worth $8,215,000 after purchasing an additional 18,521 shares during the last quarter. State Street Corp boosted its stake in Aehr Test Systems by 1.6% during the 3rd quarter. State Street Corp now owns 571,860 shares of the semiconductor company’s stock valued at $7,348,000 after purchasing an additional 8,840 shares during the period. Finally, Pier Capital LLC increased its position in Aehr Test Systems by 33.4% in the 3rd quarter. Pier Capital LLC now owns 412,077 shares of the semiconductor company’s stock worth $5,295,000 after buying an additional 103,144 shares during the period. 69.69% of the stock is currently owned by institutional investors and hedge funds.

About Aehr Test Systems

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.