Aehr Test Systems (NASDAQ:AEHR) Stock Price Up 10.3% – Still a Buy?

Aehr Test Systems (NASDAQ:AEHRGet Free Report) shares rose 10.3% during mid-day trading on Tuesday . The company traded as high as $101.78 and last traded at $101.19. Approximately 944,257 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 2,412,771 shares. The stock had previously closed at $91.71.

Analyst Ratings Changes

A number of research firms recently commented on AEHR. Zacks Research raised shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Weiss Ratings lowered shares of Aehr Test Systems from a “sell (d)” rating to a “sell (e+)” rating in a research report on Wednesday, July 29th. Freedom Capital raised shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Craig Hallum restated a “buy” rating and set a $125.00 target price on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Finally, Lake Street Capital restated a “buy” rating and set a $110.00 target price on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $117.50.

Check Out Our Latest Stock Analysis on Aehr Test Systems

Aehr Test Systems Stock Performance

The firm has a market capitalization of $3.27 billion, a P/E ratio of -411.62 and a beta of 3.10. The stock’s 50 day simple moving average is $91.15 and its 200 day simple moving average is $67.46.

Insider Transactions at Aehr Test Systems

In other Aehr Test Systems news, Director Howard T. Slayen sold 20,000 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $108.30, for a total transaction of $2,166,000.00. Following the transaction, the director directly owned 146,367 shares in the company, valued at $15,851,546.10. This trade represents a 12.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 6.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Aehr Test Systems

Several hedge funds have recently made changes to their positions in AEHR. Wellington Management Group LLP boosted its position in Aehr Test Systems by 129.9% during the 4th quarter. Wellington Management Group LLP now owns 830,664 shares of the semiconductor company’s stock valued at $16,771,000 after acquiring an additional 469,400 shares in the last quarter. Invesco Ltd. raised its position in shares of Aehr Test Systems by 1,137.2% in the 3rd quarter. Invesco Ltd. now owns 366,570 shares of the semiconductor company’s stock worth $11,037,000 after acquiring an additional 336,940 shares in the last quarter. Next Century Growth Investors LLC lifted its stake in shares of Aehr Test Systems by 99.9% during the 4th 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 last quarter. Halter Ferguson Financial Inc. lifted its stake in shares of Aehr Test Systems by 41.7% during the 4th 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 last quarter. Finally, Penn Capital Management Company LLC purchased a new stake in shares of Aehr Test Systems during the 2nd quarter worth $14,476,000. 69.69% of the stock is currently owned by hedge funds and other 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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