Aehr Test Systems (NASDAQ:AEHR) Hits New 52-Week High – Time to Buy?

Aehr Test Systems (NASDAQ:AEHRGet Free Report)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $92.20 and last traded at $90.15, with a volume of 3949738 shares traded. The stock had previously closed at $83.86.

Key Aehr Test Systems News

Here are the key news stories impacting Aehr Test Systems this week:

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AEHR. Lake Street Capital reaffirmed a “buy” rating on shares of Aehr Test Systems in a research report on Wednesday, April 8th. William Blair raised Aehr Test Systems from a “market perform” rating to an “outperform” rating in a research report on Monday, March 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of Aehr Test Systems in a research report on Wednesday, January 21st. Craig Hallum raised Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Wednesday, April 8th. Finally, Wall Street Zen raised Aehr Test Systems from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 11th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $68.00.

View Our Latest Stock Analysis on AEHR

Aehr Test Systems Stock Up 7.5%

The company has a market capitalization of $2.84 billion, a P/E ratio of -237.24 and a beta of 2.28. The firm has a 50-day moving average price of $44.06 and a two-hundred day moving average price of $31.43.

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

Insider Buying and Selling

In related news, Director Fariba Danesh sold 8,000 shares of the firm’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $82.63, for a total value of $661,040.00. Following the completion of the transaction, the director directly owned 13,143 shares of the company’s stock, valued at $1,086,006.09. This trade represents a 37.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Alistair N. Sporck sold 2,000 shares of the firm’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $81.88, for a total value of $163,760.00. Following the completion of the transaction, the vice president directly owned 20,635 shares of the company’s stock, valued at approximately $1,689,593.80. This trade represents a 8.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 343,224 shares of company stock valued at $24,361,831 in the last ninety days. Company insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in Aehr Test Systems in the first quarter worth $422,000. Brady Martz Wealth Solutions LLC bought a new position in Aehr Test Systems in the first quarter worth $235,000. XTX Topco Ltd lifted its position in Aehr Test Systems by 75.7% in the fourth quarter. XTX Topco Ltd now owns 39,225 shares of the semiconductor company’s stock worth $792,000 after purchasing an additional 16,897 shares during the period. Wellington Management Group LLP lifted its position in Aehr Test Systems by 129.9% in the fourth quarter. Wellington Management Group LLP now owns 830,664 shares of the semiconductor company’s stock worth $16,771,000 after purchasing an additional 469,400 shares during the period. Finally, Sun Group Wealth Partners bought a new position in Aehr Test Systems in the fourth quarter worth $355,000. 69.69% of the stock is owned by institutional investors.

Aehr Test Systems Company Profile

(Get Free Report)

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.

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