Aehr Test Systems (NASDAQ:AEHR) Given Consensus Recommendation of “Hold” by Brokerages

Aehr Test Systems (NASDAQ:AEHR) has earned an average rating of “Hold” from the five brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $68.00.

A number of research firms have recently commented on AEHR. Lake Street Capital reaffirmed a “buy” rating on shares of Aehr Test Systems in a report on Wednesday, April 8th. Wall Street Zen raised shares of Aehr Test Systems from a “strong sell” rating to a “sell” rating in a report on Saturday. William Blair raised shares of Aehr Test Systems from a “market perform” rating to an “outperform” rating in a report on Monday, March 2nd. Craig Hallum raised shares of Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a report on Wednesday, April 8th. Finally, Weiss Ratings raised shares of Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th.

Aehr Test Systems Trading Down 1.3%

NASDAQ:AEHR opened at $94.31 on Wednesday. Aehr Test Systems has a 1 year low of $10.89 and a 1 year high of $121.80. The firm’s fifty day simple moving average is $84.95 and its 200 day simple moving average is $48.50. The firm has a market capitalization of $2.97 billion, a PE ratio of -248.18 and a beta of 3.17.

Aehr Test Systems (NASDAQ:AEHR) last issued its quarterly earnings results on Tuesday, April 7th. The semiconductor company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $10.31 million during the quarter, compared to the consensus estimate of $10.85 million. As a group, analysts anticipate that Aehr Test Systems will post -0.31 EPS for the current fiscal year.

Insider Buying and Selling at Aehr Test Systems

In related news, EVP Alberto Salamone sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $89.57, for a total transaction of $1,343,550.00. Following the completion of the transaction, the executive vice president owned 63,025 shares in the company, valued at approximately $5,645,149.25. The trade was a 19.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Rhea J. Posedel sold 17,115 shares of the business’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $100.00, for a total transaction of $1,711,500.00. Following the transaction, the director owned 45,261 shares of the company’s stock, valued at approximately $4,526,100. This represents a 27.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 375,005 shares of company stock worth $28,656,178 over the last ninety days. Company insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Millennium Management LLC lifted its position in shares of Aehr Test Systems by 0.8% in the fourth quarter. Millennium Management LLC now owns 59,219 shares of the semiconductor company’s stock worth $1,196,000 after purchasing an additional 492 shares in the last quarter. State of Wyoming lifted its position in shares of Aehr Test Systems by 26.7% in the third quarter. State of Wyoming now owns 2,777 shares of the semiconductor company’s stock worth $84,000 after purchasing an additional 586 shares in the last quarter. KBC Group NV bought a new stake in shares of Aehr Test Systems in the first quarter worth $30,000. Sunbelt Securities Inc. bought a new stake in shares of Aehr Test Systems in the third quarter worth $27,000. Finally, Jones Financial Companies Lllp lifted its position in shares of Aehr Test Systems by 3,448.3% in the third 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 in the last quarter. Institutional investors own 69.69% of the company’s stock.

About Aehr Test Systems

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.