Aehr Test Systems (NASDAQ:AEHR) Sets New 12-Month High – Still a Buy?

Aehr Test Systems (NASDAQ:AEHR)’s share price reached a new 52-week high on Thursday . The stock traded as high as $108.39 and last traded at $107.2510, with a volume of 1035679 shares trading hands. The stock had previously closed at $103.25.

Wall Street Analysts Forecast Growth

AEHR has been the subject of a number of research reports. Weiss Ratings raised shares of Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Wall Street Zen upgraded Aehr Test Systems from a “strong sell” rating to a “sell” rating in a report on Saturday, April 11th. Lake Street Capital reiterated a “buy” rating on shares of Aehr Test Systems in a report on Wednesday, April 8th. William Blair upgraded Aehr Test Systems from a “market perform” rating to an “outperform” rating in a report on Monday, March 2nd. Finally, Craig Hallum upgraded 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. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $68.00.

Aehr Test Systems Price Performance

The company has a fifty day moving average of $62.11 and a 200-day moving average of $38.52. The firm has a market capitalization of $3.32 billion, a PE ratio of -275.31 and a beta of 3.26.

Aehr Test Systems (NASDAQ:AEHR) last announced its quarterly earnings data on Tuesday, April 7th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.02. The business had revenue of $10.31 million during the quarter, compared to analyst estimates of $10.85 million. Aehr Test Systems had a negative return on equity of 7.15% and a negative net margin of 25.23%. Equities analysts anticipate that Aehr Test Systems will post -0.31 EPS for the current year.

Insider Activity

In other Aehr Test Systems news, insider Donald P. Richmond II sold 17,011 shares of the stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $73.18, for a total transaction of $1,244,864.98. Following the transaction, the insider directly owned 181,512 shares of the company’s stock, valued at $13,283,048.16. This represents a 8.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Alberto Salamone sold 15,000 shares of the stock in a transaction on Monday, April 20th. The stock was sold at an average price of $89.57, for a total transaction of $1,343,550.00. Following the transaction, the executive vice president directly owned 63,025 shares in the company, valued at $5,645,149.25. The trade was a 19.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 382,184 shares of company stock valued at $28,362,244. Corporate insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Aehr Test Systems

Hedge funds have recently bought and sold shares of the business. KBC Group NV acquired a new position in Aehr Test Systems during the first quarter worth $30,000. Sunbelt Securities Inc. acquired a new position in Aehr Test Systems during the third quarter worth $27,000. Jones Financial Companies Lllp increased its position in Aehr Test Systems by 3,448.3% during the third quarter. Jones Financial Companies Lllp now owns 1,029 shares of the semiconductor company’s stock worth $31,000 after buying an additional 1,000 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Aehr Test Systems during the fourth quarter worth $25,000. Finally, RiverPark Advisors LLC acquired a new stake in shares of Aehr Test Systems in the third quarter valued at about $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.