Aehr Test Systems (NASDAQ:AEHR) Stock Has Average Target Price of $132.50

Shares of Aehr Test Systems (NASDAQ:AEHR) have earned an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $132.50.

A number of analysts recently issued reports on the company. Craig Hallum reissued a “buy” rating and set a $125.00 target price on shares of Aehr Test Systems in a research note on Wednesday, July 15th. Oppenheimer initiated coverage on shares of Aehr Test Systems in a report on Thursday, September 10th. They set an “outperform” rating and a $120.00 target price on the stock. Jefferies Financial Group started coverage on Aehr Test Systems in a research note on Thursday, August 13th. They set a “buy” rating and a $175.00 target price for the company. Wall Street Zen raised shares of Aehr Test Systems from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Finally, Freedom Capital upgraded shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th.

Aehr Test Systems Stock Performance

Shares of NASDAQ:AEHR opened at $60.60 on Tuesday. The company has a 50 day moving average price of $95.22 and a two-hundred day moving average price of $89.86. The company has a market capitalization of $1.98 billion, a PE ratio of -252.49 and a beta of 3.47. Aehr Test Systems has a 52 week low of $18.70 and a 52 week high of $147.40.

Insider Buying and Selling

In related news, EVP Alberto Salamone sold 9,672 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $127.72, for a total transaction of $1,235,307.84. Following the completion of the sale, the executive vice president owned 41,962 shares of the company’s stock, valued at $5,359,386.64. This represents a 18.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Rhea Posedel sold 8,413 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $130.00, for a total transaction of $1,093,690.00. Following the sale, the director owned 387,962 shares in the company, valued at $50,435,060. This represents a 2.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 109,475 shares of company stock valued at $13,827,160 in the last ninety days. Insiders own 4.60% of the company’s stock.

Hedge Funds Weigh In On Aehr Test Systems

Several large investors have recently modified their holdings of AEHR. Algert Global LLC acquired a new stake in shares of Aehr Test Systems during the second quarter worth $7,903,000. The Manufacturers Life Insurance Company acquired a new position in shares of Aehr Test Systems during the first quarter worth approximately $291,000. Bank of America Corp DE bought a new position in shares of Aehr Test Systems in the second quarter valued at $11,629,000. Rice Hall James & Associates LLC acquired a new position in shares of Aehr Test Systems during the second quarter valued at about $8,410,000. Finally, Ninepoint Partners LP purchased a new stake in shares of Aehr Test Systems in the second quarter worth approximately $960,000. Institutional investors own 69.69% of the company’s stock.

About Aehr Test Systems

Aehr Test Systems (NASDAQ: AEHR) develops and manufactures test and burn-in equipment used by semiconductor manufacturers. Its systems are designed to identify reliability issues and manufacturing defects in integrated circuits, including devices tested at the wafer, die, and packaged-device levels.

The company’s product portfolio includes the FOX family of test and burn-in systems, WaferPak wafer-level test fixtures, and DiePak carriers for testing individual semiconductor dies. These solutions are used in the production of silicon carbide power semiconductors, silicon photonics devices, memory products, and other advanced semiconductor components.

Founded in 1977 and headquartered in Fremont, California, Aehr Test Systems serves semiconductor manufacturers and suppliers worldwide.