Aehr Test Systems (NASDAQ:AEHR) Rating Lowered to “Strong Sell” at Zacks Research

Aehr Test Systems (NASDAQ:AEHR) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Thursday,Zacks.com reports.

A number of other research firms also recently issued reports on AEHR. Craig Hallum downgraded shares of Aehr Test Systems from a “buy” rating to a “hold” rating and set a $24.00 target price for the company. in a research report on Tuesday. Weiss Ratings reissued a “sell (d)” rating on shares of Aehr Test Systems in a research report on Wednesday. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Sell” and a consensus price target of $24.00.

Aehr Test Systems Price Performance

Shares of AEHR stock opened at $23.49 on Thursday. The firm has a market cap of $704.93 million, a P/E ratio of -106.77 and a beta of 2.47. Aehr Test Systems has a 1-year low of $6.27 and a 1-year high of $34.35. The firm’s 50-day simple moving average is $25.13 and its 200-day simple moving average is $16.01.

Aehr Test Systems (NASDAQ:AEHR) last announced its quarterly earnings data on Monday, October 6th. The semiconductor company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. The business had revenue of $11.00 million for the quarter, compared to analyst estimates of $13.69 million. Aehr Test Systems had a negative net margin of 11.71% and a negative return on equity of 2.41%. During the same period in the prior year, the firm posted $0.07 EPS. Analysts expect that Aehr Test Systems will post 0.1 earnings per share for the current fiscal year.

Insider Activity

In other Aehr Test Systems news, Director Fariba Danesh sold 9,000 shares of the stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of $24.79, for a total value of $223,110.00. Following the completion of the sale, the director owned 16,643 shares of the company’s stock, valued at $412,579.97. This trade represents a 35.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Laura Oliphant sold 5,000 shares of the stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $21.50, for a total transaction of $107,500.00. Following the completion of the sale, the director directly owned 7,665 shares of the company’s stock, valued at $164,797.50. This trade represents a 39.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,000 shares of company stock worth $729,940 over the last three months. Insiders own 6.80% of the company’s stock.

Institutional Trading of Aehr Test Systems

Large investors have recently bought and sold shares of the company. Inspire Investing LLC grew its position in Aehr Test Systems by 99.3% in the first quarter. Inspire Investing LLC now owns 48,148 shares of the semiconductor company’s stock valued at $351,000 after acquiring an additional 23,990 shares in the last quarter. Invesco Ltd. grew its position in shares of Aehr Test Systems by 88.8% during the first quarter. Invesco Ltd. now owns 30,226 shares of the semiconductor company’s stock worth $220,000 after buying an additional 14,219 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Aehr Test Systems during the first quarter worth approximately $267,000. Halter Ferguson Financial Inc. grew its position in shares of Aehr Test Systems by 3.7% during the second quarter. Halter Ferguson Financial Inc. now owns 439,714 shares of the semiconductor company’s stock worth $5,686,000 after buying an additional 15,541 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Aehr Test Systems during the first quarter worth approximately $31,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

Aehr Test Systems Company Profile

Aehr Test Systems provides test solutions for testing, burning-in, and semiconductor devices in wafer level, singulated die, and package part form, and installed systems worldwide. Its product portfolio includes FOX-XP and FOX-NP systems that are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize range of devices, including silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices.