Aehr Test Systems (NASDAQ:AEHR) Upgraded to “Sell” at StockNews.com

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

Aehr Test Systems Trading Up 6.1 %

Aehr Test Systems stock opened at $13.22 on Wednesday. Aehr Test Systems has a 12 month low of $9.83 and a 12 month high of $21.44. The stock’s 50 day simple moving average is $13.51 and its two-hundred day simple moving average is $14.08. The firm has a market cap of $392.77 million, a PE ratio of 17.63 and a beta of 1.86.

Aehr Test Systems (NASDAQ:AEHR) last released its quarterly earnings data on Monday, January 13th. The semiconductor company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). Aehr Test Systems had a return on equity of 21.09% and a net margin of 43.41%. On average, equities research analysts forecast that Aehr Test Systems will post 0.1 EPS for the current year.

Institutional Investors Weigh In On Aehr Test Systems

Several hedge funds have recently bought and sold shares of AEHR. The Manufacturers Life Insurance Company lifted its position in shares of Aehr Test Systems by 7.5% during 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 in the last quarter. Rhumbline Advisers lifted its position in shares of Aehr Test Systems by 3.8% during the 2nd quarter. Rhumbline Advisers now owns 39,333 shares of the semiconductor company’s stock valued at $439,000 after buying an additional 1,438 shares in the last quarter. Bouvel Investment Partners LLC lifted its position in shares of Aehr Test Systems by 3.5% during the 3rd quarter. Bouvel Investment Partners LLC now owns 58,233 shares of the semiconductor company’s stock valued at $748,000 after buying an additional 1,981 shares in the last quarter. Truvestments Capital LLC purchased a new position in shares of Aehr Test Systems during the 3rd quarter valued at approximately $36,000. Finally, Quarry LP purchased a new position in shares of Aehr Test Systems during the 3rd quarter valued at approximately $41,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

About Aehr Test Systems

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.