Aehr Test Systems (NASDAQ:AEHR – Get Free Report)’s stock price hit a new 52-week high during mid-day trading 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.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the company. Craig Hallum raised Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research report on Wednesday, April 8th. 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. Wall Street Zen raised Aehr Test Systems from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 11th. Finally, Weiss Ratings raised Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $68.00.
View Our Latest Stock Report on Aehr Test Systems
Aehr Test Systems Stock Up 2.3%
Aehr Test Systems (NASDAQ:AEHR – Get Free Report) last released its earnings results on Tuesday, April 7th. The semiconductor company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $10.31 million for the quarter, compared to the consensus estimate of $10.85 million. Equities analysts predict 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, Director Rhea J. Posedel sold 17,115 shares of Aehr Test Systems stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $100.00, for a total transaction of $1,711,500.00. Following the sale, the director directly owned 45,261 shares of the company’s stock, valued at $4,526,100. This trade represents a 27.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Howard T. Slayen sold 25,000 shares of Aehr Test Systems stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $85.00, for a total value of $2,125,000.00. Following the sale, the director directly owned 178,328 shares in the company, valued at approximately $15,157,880. This trade represents a 12.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 382,184 shares of company stock valued at $28,362,244 over the last quarter. Company insiders own 6.80% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AEHR. William Blair Investment Management LLC bought a new position in Aehr Test Systems during the third quarter worth about $26,920,000. Wellington Management Group LLP lifted its stake in Aehr Test Systems by 129.9% during 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. Invesco Ltd. lifted its stake in Aehr Test Systems by 1,137.2% during the third quarter. Invesco Ltd. now owns 366,570 shares of the semiconductor company’s stock worth $11,037,000 after purchasing an additional 336,940 shares during the period. Next Century Growth Investors LLC lifted its stake in Aehr Test Systems by 99.9% during the fourth quarter. Next Century Growth Investors LLC now owns 552,506 shares of the semiconductor company’s stock worth $11,155,000 after purchasing an additional 276,160 shares during the period. Finally, Halter Ferguson Financial Inc. lifted its stake in Aehr Test Systems by 41.7% during the fourth quarter. Halter Ferguson Financial Inc. now owns 642,129 shares of the semiconductor company’s stock worth $12,965,000 after purchasing an additional 189,117 shares during the period. 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.
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