Aehr Test Systems (NASDAQ:AEHR) Shares Gap Up – Still a Buy?

Aehr Test Systems (NASDAQ:AEHR)’s stock price gapped up before the market opened on Monday. The stock had previously closed at $60.60, but opened at $64.92. Aehr Test Systems shares last traded at $62.7370, with a volume of 496,507 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have commented on AEHR shares. Lake Street Capital reissued a “buy” rating and issued a $110.00 target price on shares of Aehr Test Systems in a report on Wednesday, July 15th. Freedom Capital upgraded Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Wall Street Zen raised Aehr Test Systems from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Weiss Ratings lowered Aehr Test Systems from a “sell (d)” rating to a “sell (e+)” rating in a research report on Wednesday, July 29th. Finally, Zacks Research cut shares of Aehr Test Systems from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Aehr Test Systems presently has an average rating of “Moderate Buy” and an average target price of $132.50.

Aehr Test Systems Price Performance

The firm has a 50-day moving average of $93.26 and a 200-day moving average of $90.62.

Insider Transactions at Aehr Test Systems

In other news, CEO Gayn Erickson sold 40,000 shares of the business’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $130.84, for a total value of $5,233,600.00. Following the completion of the transaction, the chief executive officer owned 157,723 shares in the company, valued at $20,636,477.32. The trade was a 20.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Alberto Salamone sold 9,672 shares of the company’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $127.72, for a total value of $1,235,307.84. Following the transaction, the executive vice president directly owned 41,962 shares in the company, valued at approximately $5,359,386.64. The trade was a 18.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 109,475 shares of company stock valued at $13,827,160. Insiders own 4.60% of the company’s stock.

Hedge Funds Weigh In On Aehr Test Systems

A number of hedge funds have recently bought and sold shares of the business. Nisa Investment Advisors LLC raised its stake in Aehr Test Systems by 8.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,925 shares of the semiconductor company’s stock valued at $291,000 after buying an additional 224 shares during the last quarter. Benchmark Financial LLC bought a new position in shares of Aehr Test Systems during the 3rd quarter valued at $329,000. NFSG Corp lifted its holdings in shares of Aehr Test Systems by 19.1% during the 3rd quarter. NFSG Corp now owns 4,340 shares of the semiconductor company’s stock valued at $432,000 after buying an additional 695 shares during the period. Lodestone Wealth Management LLC lifted its holdings in shares of Aehr Test Systems by 20.5% during the 3rd quarter. Lodestone Wealth Management LLC now owns 2,895 shares of the semiconductor company’s stock valued at $288,000 after buying an additional 492 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Aehr Test Systems by 13.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,799 shares of the semiconductor company’s stock worth $179,000 after buying an additional 216 shares during the last quarter. Hedge funds and other 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 to qualify and screen semiconductor devices. Its systems are designed to identify manufacturing defects and reliability issues before chips are shipped to customers, helping semiconductor manufacturers improve production yields and product quality.

The company’s product portfolio includes the FOX family of semiconductor test systems, including the FOX-XP, FOX-NP and FOX-1P platforms. Aehr also provides wafer contactors, DiePak carriers and related test fixtures and software.