Aehr Test Systems (NASDAQ:AEHR – Get Free Report) gapped up prior to trading 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.
Analysts Set New Price Targets
A number of brokerages recently commented on AEHR. Freedom Capital upgraded Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research note 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. Oppenheimer initiated coverage on Aehr Test Systems in a research report on Thursday, September 10th. They issued an “outperform” rating and a $120.00 target price on the stock. Weiss Ratings cut Aehr Test Systems from a “sell (d)” rating to a “sell (e+)” rating in a research note on Wednesday, July 29th. Finally, Lake Street Capital reissued a “buy” rating and set a $110.00 price target on shares of Aehr Test Systems in a report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Aehr Test Systems currently has a consensus rating of “Moderate Buy” and an average price target of $132.50.
View Our Latest Stock Analysis on AEHR
Aehr Test Systems Price Performance
The stock has a fifty day moving average price of $95.22 and a two-hundred day moving average price of $90.28. The company has a market cap of $2.10 billion, a P/E ratio of -268.48 and a beta of 3.47.
Insider Transactions at Aehr Test Systems
In related news, Director Rhea Posedel sold 5,973 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $140.00, for a total value of $836,220.00. Following the sale, the director directly owned 381,989 shares in the company, valued at $53,478,460. This trade represents a 1.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Adil Engineer sold 15,000 shares of Aehr Test Systems stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $131.02, for a total value of $1,965,300.00. Following the sale, the chief operating officer directly owned 46,977 shares in the company, valued at $6,154,926.54. The trade was a 24.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 109,475 shares of company stock worth $13,827,160 over the last quarter. Insiders own 4.60% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of AEHR. BlackRock Inc. acquired a new stake in Aehr Test Systems in the second quarter worth about $255,476,000. State Street Corp increased its stake in Aehr Test Systems by 14.4% during the 2nd quarter. State Street Corp now owns 712,926 shares of the semiconductor company’s stock valued at $68,484,000 after buying an additional 89,620 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Aehr Test Systems during the 2nd quarter valued at about $64,433,000. AWM Investment Company Inc. acquired a new position in Aehr Test Systems during the 2nd quarter valued at about $36,004,000. Finally, Wellington Management Group LLP raised its position in shares of Aehr Test Systems by 56.0% during the 2nd quarter. Wellington Management Group LLP now owns 238,453 shares of the semiconductor company’s stock worth $22,906,000 after buying an additional 85,568 shares in the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.
Aehr Test Systems Company Profile
Aehr Test Systems (NASDAQ: AEHR) develops and manufactures test and burn-in equipment used by semiconductor manufacturers. Its systems are designed to identify reliability issues and manufacturing defects in integrated circuits, including devices tested at the wafer, die, and packaged-device levels.
The company’s product portfolio includes the FOX family of test and burn-in systems, WaferPak wafer-level test fixtures, and DiePak carriers for testing individual semiconductor dies. These solutions are used in the production of silicon carbide power semiconductors, silicon photonics devices, memory products, and other advanced semiconductor components.
Founded in 1977 and headquartered in Fremont, California, Aehr Test Systems serves semiconductor manufacturers and suppliers worldwide.
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