Aehr Test Systems (NASDAQ:AEHR) Given Consensus Recommendation of “Hold” by Analysts

Shares of Aehr Test Systems (NASDAQ:AEHRGet Free Report) have been given an average rating of “Hold” by the five brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $68.00.

AEHR has been the topic of several research reports. Wall Street Zen upgraded shares of Aehr Test Systems from a “strong sell” rating to a “sell” rating in a research note on Saturday. Craig Hallum upgraded shares of Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Wednesday, April 8th. Weiss Ratings upgraded shares of Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Lake Street Capital restated a “buy” rating on shares of Aehr Test Systems in a research note on Wednesday, April 8th. Finally, William Blair upgraded shares of Aehr Test Systems from a “market perform” rating to an “outperform” rating in a research note on Monday, March 2nd.

View Our Latest Report on Aehr Test Systems

Aehr Test Systems Trading Down 1.3%

NASDAQ AEHR opened at $94.31 on Wednesday. The firm’s fifty day moving average price is $84.95 and its two-hundred day moving average price is $48.50. Aehr Test Systems has a 1 year low of $10.89 and a 1 year high of $121.80. The firm has a market capitalization of $2.97 billion, a P/E ratio of -248.18 and a beta of 3.17.

Aehr Test Systems (NASDAQ:AEHRGet Free Report) last released its quarterly earnings data on Tuesday, April 7th. The semiconductor company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.02. Aehr Test Systems had a negative net margin of 25.23% and a negative return on equity of 7.15%. The firm had revenue of $10.31 million for the quarter, compared to the consensus estimate of $10.85 million. On average, research analysts anticipate 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 Howard T. Slayen sold 6,819 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $104.73, for a total transaction of $714,153.87. Following the completion of the sale, the director owned 169,709 shares of the company’s stock, valued at $17,773,623.57. This represents a 3.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Alistair N. Sporck sold 2,000 shares of the stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $93.50, for a total transaction of $187,000.00. Following the completion of the transaction, the vice president directly owned 5,177 shares of the company’s stock, valued at $484,049.50. This trade represents a 27.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 375,005 shares of company stock valued at $28,656,178 over the last three months. 6.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Aehr Test Systems by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 2,337,433 shares of the semiconductor company’s stock valued at $47,193,000 after purchasing an additional 49,243 shares during the period. William Blair Investment Management LLC acquired a new stake in Aehr Test Systems during the 3rd quarter valued at approximately $26,920,000. Wellington Management Group LLP increased 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 purchasing an additional 469,400 shares during the period. Geode Capital Management LLC increased its position in Aehr Test Systems by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 685,694 shares of the semiconductor company’s stock valued at $13,846,000 after purchasing an additional 5,591 shares during the period. Finally, Halter Ferguson Financial Inc. increased its position in 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 valued at $12,965,000 after purchasing an additional 189,117 shares during the period. Institutional investors own 69.69% of the company’s stock.

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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Analyst Recommendations for Aehr Test Systems (NASDAQ:AEHR)

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