Aehr Test Systems (NASDAQ:AEHR – Get Free Report) shot up 11.3% during mid-day trading on Thursday . The company traded as high as $91.78 and last traded at $91.6190. 1,226,126 shares traded hands during trading, a decline of 49% from the average session volume of 2,385,904 shares. The stock had previously closed at $82.34.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on AEHR. Craig Hallum upgraded 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. Weiss Ratings upgraded Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Wall Street Zen lowered Aehr Test Systems from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. William Blair upgraded Aehr Test Systems from a “market perform” rating to an “outperform” rating in a research note on Monday, March 2nd. Finally, Lake Street Capital reaffirmed a “buy” rating on shares of Aehr Test Systems in a report on Wednesday, April 8th. Three research 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, Aehr Test Systems presently has an average rating of “Hold” and an average price target of $68.00.
Get Our Latest Analysis on Aehr Test Systems
Aehr Test Systems Stock Up 10.9%
Aehr Test Systems (NASDAQ:AEHR – Get Free Report) last announced its quarterly earnings data on Tuesday, April 7th. The semiconductor company reported ($0.05) earnings per share for the quarter, beating 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 company had revenue of $10.31 million for the quarter, compared to analyst estimates of $10.85 million. On average, analysts expect that Aehr Test Systems will post -0.31 EPS for the current year.
Insider Transactions at Aehr Test Systems
In other Aehr Test Systems news, Director Rhea J. Posedel sold 17,115 shares of the stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $100.00, for a total value of $1,711,500.00. Following the completion of the transaction, the director owned 45,261 shares in the company, valued at approximately $4,526,100. This represents a 27.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Alberto Salamone sold 15,000 shares of the firm’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $89.57, for a total value of $1,343,550.00. Following the completion of the sale, the executive vice president directly owned 63,025 shares of the company’s stock, valued at approximately $5,645,149.25. This trade represents a 19.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 375,005 shares of company stock valued at $28,656,178. 6.80% of the stock is owned by company insiders.
Institutional Trading of Aehr Test Systems
Several hedge funds and other institutional investors have recently made changes to their positions in AEHR. Caitong International Asset Management Co. Ltd purchased a new stake in Aehr Test Systems during the fourth quarter worth about $25,000. Sunbelt Securities Inc. acquired a new position in Aehr Test Systems during the third quarter worth about $27,000. State of Wyoming acquired a new position in Aehr Test Systems during the second quarter worth about $28,000. KBC Group NV purchased a new position in Aehr Test Systems in the first quarter valued at about $30,000. Finally, Jones Financial Companies Lllp increased its holdings in Aehr Test Systems by 3,448.3% in the third quarter. Jones Financial Companies Lllp now owns 1,029 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.
Aehr Test Systems Company Profile
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.
Read More
- Five stocks we like better than Aehr Test Systems
- Meta Platforms 10% Layoff Raises a Bigger Question About AI Spending
- As Small-Cap Outperformance Continues, These 2 ETFs Provide Exposure
- Silicon Shake-Up: The AI Trade Is Moving Beyond NVIDIA
- The Silver Lining of Last Week’s Hims & Hers Earnings Miss
Receive News & Ratings for Aehr Test Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aehr Test Systems and related companies with MarketBeat.com's FREE daily email newsletter.
