Aehr Test Systems (NASDAQ:AEHR – Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $95.20, but opened at $102.60. Aehr Test Systems shares last traded at $93.9850, with a volume of 243,841 shares changing hands.
Analysts Set New Price Targets
A number of research analysts have recently commented on AEHR shares. Wall Street Zen upgraded Aehr Test Systems from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 6th. Weiss Ratings upgraded shares of Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Craig Hallum raised 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. William Blair raised shares of Aehr Test Systems from a “market perform” rating to an “outperform” rating in a research report on Monday, March 2nd. Finally, Lake Street Capital reiterated a “buy” rating on shares of Aehr Test Systems in a report on Wednesday, April 8th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $68.00.
Check Out Our Latest Research Report on AEHR
Aehr Test Systems Stock Performance
Aehr Test Systems (NASDAQ:AEHR – Get Free Report) last issued its quarterly earnings results on Tuesday, April 7th. The semiconductor company reported ($0.05) EPS for the quarter, topping 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 business had revenue of $10.31 million for the quarter, compared to analyst estimates of $10.85 million. As a group, research analysts anticipate that Aehr Test Systems will post -0.31 earnings per share for the current year.
Insider Activity at Aehr Test Systems
In other news, Director Laura Oliphant sold 4,665 shares of Aehr Test Systems stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $85.59, for a total transaction of $399,277.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Howard T. Slayen sold 6,819 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $104.73, for a total transaction of $714,153.87. Following the completion of the transaction, the director directly owned 169,709 shares in the company, valued at $17,773,623.57. This trade represents a 3.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 375,005 shares of company stock worth $28,656,178. 6.80% of the stock is owned by company insiders.
Institutional Investors Weigh In On Aehr Test Systems
Several large investors have recently modified their holdings of AEHR. Vanguard Group Inc. raised its holdings in shares of Aehr Test Systems by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 2,337,433 shares of the semiconductor company’s stock worth $47,193,000 after purchasing an additional 49,243 shares during the period. William Blair Investment Management LLC bought a new position in Aehr Test Systems during the third quarter valued at $26,920,000. Wellington Management Group LLP increased its position in Aehr Test Systems by 129.9% in the fourth quarter. Wellington Management Group LLP now owns 830,664 shares of the semiconductor company’s stock worth $16,771,000 after buying an additional 469,400 shares during the last quarter. Geode Capital Management LLC increased its position in Aehr Test Systems by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 685,694 shares of the semiconductor company’s stock worth $13,846,000 after buying an additional 5,591 shares during the last quarter. Finally, Halter Ferguson Financial Inc. raised its stake in shares of Aehr Test Systems by 41.7% in the fourth quarter. Halter Ferguson Financial Inc. now owns 642,129 shares of the semiconductor company’s stock valued at $12,965,000 after buying an additional 189,117 shares during the period. Hedge funds and other institutional investors own 69.69% of the company’s stock.
About Aehr Test Systems
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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