Aehr Test Systems (NASDAQ:AEHR) Rating Lowered to Sell at StockNews.com

Aehr Test Systems (NASDAQ:AEHR) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Saturday.

Separately, Craig Hallum upgraded Aehr Test Systems from a “hold” rating to a “buy” rating and lifted their price target for the company from $12.00 to $25.00 in a research report on Wednesday, July 17th.

Aehr Test Systems Price Performance

Shares of NASDAQ:AEHR opened at $12.26 on Friday. The business’s 50-day moving average is $13.86 and its 200-day moving average is $13.04. The company has a market capitalization of $354.50 million, a price-to-earnings ratio of 23.58 and a beta of 2.03. Aehr Test Systems has a 1 year low of $9.83 and a 1 year high of $45.99.

Aehr Test Systems (NASDAQ:AEHR) last issued its quarterly earnings data on Friday, July 19th. The semiconductor company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.70. Aehr Test Systems had a net margin of 50.07% and a return on equity of 36.41%. The firm had revenue of $16.60 million during the quarter. During the same quarter in the prior year, the business earned $0.21 earnings per share. Analysts anticipate that Aehr Test Systems will post 0.25 EPS for the current year.

Insider Activity at Aehr Test Systems

In other news, Director Fariba Danesh sold 10,000 shares of the business’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $18.59, for a total transaction of $185,900.00. Following the sale, the director now owns 16,390 shares in the company, valued at approximately $304,690.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Howard T. Slayen acquired 20,000 shares of Aehr Test Systems stock in a transaction on Friday, August 2nd. The stock was bought at an average cost of $15.50 per share, for a total transaction of $310,000.00. Following the completion of the transaction, the director now owns 220,714 shares of the company’s stock, valued at approximately $3,421,067. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Fariba Danesh sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $18.59, for a total value of $185,900.00. Following the completion of the transaction, the director now owns 16,390 shares in the company, valued at approximately $304,690.10. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 11.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Aehr Test Systems

A number of hedge funds have recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of Aehr Test Systems during the third quarter worth about $130,000. Sanctuary Advisors LLC acquired a new position in Aehr Test Systems in the second quarter valued at approximately $361,000. The Manufacturers Life Insurance Company grew its position in shares of Aehr Test Systems by 7.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,045 shares of the semiconductor company’s stock valued at $123,000 after buying an additional 769 shares during the last quarter. Diker Management LLC purchased a new stake in shares of Aehr Test Systems in the 2nd quarter valued at about $1,676,000. Finally, Apis Capital Advisors LLC acquired a new stake in shares of Aehr Test Systems in the second quarter valued at approximately $2,133,000. Hedge funds and other institutional investors 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.