Aehr Test Systems (NASDAQ:AEHR) Stock Rating Upgraded by StockNews.com

Aehr Test Systems (NASDAQ:AEHR) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Friday.

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

Aehr Test Systems Stock Up 0.8 %

Shares of AEHR traded up $0.10 during trading hours on Friday, reaching $13.23. The company’s stock had a trading volume of 693,346 shares, compared to its average volume of 1,346,140. The company has a 50 day moving average of $14.52 and a two-hundred day moving average of $13.14. The firm has a market cap of $382.55 million, a price-to-earnings ratio of 25.44 and a beta of 2.05. Aehr Test Systems has a 1-year low of $9.83 and a 1-year high of $48.28.

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

Insider Transactions at Aehr Test Systems

In other news, Director Howard T. Slayen purchased 20,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were bought at an average price of $15.50 per share, with a total value of $310,000.00. Following the completion of the transaction, the director now directly owns 220,714 shares in the company, valued at approximately $3,421,067. The purchase was disclosed in a filing with the SEC, which is available through this link. In other Aehr Test Systems news, Director Howard T. Slayen purchased 20,000 shares of the stock in a transaction dated Friday, August 2nd. The shares were bought at an average cost of $15.50 per share, with a total value of $310,000.00. Following the completion of the transaction, the director now owns 220,714 shares in the company, valued at approximately $3,421,067. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Fariba Danesh sold 10,000 shares of Aehr Test Systems stock in a transaction dated Tuesday, July 30th. The stock was 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 $304,690.10. The disclosure for this sale can be found here. 11.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Aehr Test Systems

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in Aehr Test Systems by 39.0% during the first quarter. Vanguard Group Inc. now owns 2,097,712 shares of the semiconductor company’s stock worth $26,012,000 after buying an additional 588,953 shares in the last quarter. Baillie Gifford & Co. increased its position in shares of Aehr Test Systems by 101.6% during the second quarter. Baillie Gifford & Co. now owns 1,670,590 shares of the semiconductor company’s stock valued at $18,660,000 after purchasing an additional 841,964 shares during the period. Federated Hermes Inc. increased its holdings in Aehr Test Systems by 769.7% in the 2nd quarter. Federated Hermes Inc. now owns 1,100,567 shares of the semiconductor company’s stock valued at $12,293,000 after buying an additional 974,028 shares during the period. Congress Asset Management Co. MA acquired a new position in Aehr Test Systems in the fourth quarter worth about $23,229,000. Finally, Rice Hall James & Associates LLC lifted its position in shares of Aehr Test Systems by 339.6% during the 2nd quarter. Rice Hall James & Associates LLC now owns 339,756 shares of the semiconductor company’s stock worth $3,795,000 after buying an additional 262,469 shares during the period. 69.69% of the stock is owned by institutional investors.

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.