Aehr Test Systems (NASDAQ:AEHR) Trading 11.3% Higher – Still a Buy?

Aehr Test Systems (NASDAQ:AEHR)’s share price was up 11.3% during mid-day trading on Thursday . The company traded as high as $91.78 and last traded at $91.6190. Approximately 1,226,126 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 2,385,904 shares. The stock had previously closed at $82.34.

Analyst Ratings Changes

A number of brokerages have commented on AEHR. Lake Street Capital reissued a “buy” rating on shares of Aehr Test Systems in a research report on Wednesday, April 8th. Wall Street Zen downgraded shares of Aehr Test Systems from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. Weiss Ratings raised Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Craig Hallum upgraded Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Wednesday, April 8th. Finally, William Blair raised Aehr Test Systems from a “market perform” rating to an “outperform” rating in a research report on Monday, March 2nd. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $68.00.

Aehr Test Systems Stock Up 10.9%

The company has a market cap of $2.87 billion, a price-to-earnings ratio of -240.26 and a beta of 3.26. The business’s fifty day simple moving average is $67.15 and its two-hundred day simple moving average is $40.81.

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

Insider Buying and Selling at Aehr Test Systems

In other news, EVP Alberto Salamone sold 15,000 shares of the business’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $89.57, for a total value of $1,343,550.00. Following the completion of the sale, the executive vice president directly owned 63,025 shares of the company’s stock, valued at approximately $5,645,149.25. The trade was a 19.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Alistair N. Sporck sold 2,000 shares of the company’s stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $93.50, for a total value of $187,000.00. Following the completion of the sale, the vice president directly owned 5,177 shares of the company’s stock, valued at approximately $484,049.50. This trade represents a 27.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 375,005 shares of company stock valued at $28,656,178. 6.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Aehr Test Systems

Large investors have recently modified their holdings of the company. KBC Group NV acquired a new position in shares of Aehr Test Systems in the 1st quarter valued at $30,000. Sunbelt Securities Inc. acquired a new stake in Aehr Test Systems during the 3rd quarter worth $27,000. Jones Financial Companies Lllp grew its position in 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 worth $31,000 after purchasing an additional 1,000 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Aehr Test Systems during the 4th quarter worth $25,000. Finally, RiverPark Advisors LLC acquired a new position in Aehr Test Systems in the third quarter valued at $42,000. 69.69% of the stock is owned by institutional investors and hedge funds.

Aehr Test Systems Company Profile

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.