Aehr Test Systems (NASDAQ:AEHR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “Aehr Test Systems develops, manufactures and sells systems which are designed to reduce the cost of testing DRAMs and other memory devices, perform reliability screening or burn-in of complex logic and memory devices, and enable IC manufacturers to perform test and burn-in of bare die. Leveraging its expertise as a long-time leading provider of burn-in equipment, with over 2,000 systems installed worldwide, the Company has developed and introduced two innovative product families, the MTX system and the DiePak-Registered Trademark- carrier. “

Separately, ValuEngine cut Aehr Test Systems from a “hold” rating to a “sell” rating in a research report on Thursday, December 21st.

Shares of Aehr Test Systems (AEHR) traded up $0.04 during trading hours on Tuesday, reaching $2.94. The company had a trading volume of 166,400 shares, compared to its average volume of 315,478. Aehr Test Systems has a 52 week low of $2.15 and a 52 week high of $6.10. The company has a market capitalization of $60.96, a PE ratio of -14.70, a P/E/G ratio of 4.90 and a beta of 0.84. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.64 and a current ratio of 3.76.

Aehr Test Systems (NASDAQ:AEHR) last announced its quarterly earnings data on Thursday, January 4th. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter. Aehr Test Systems had a negative return on equity of 26.85% and a negative net margin of 13.92%. The company had revenue of $7.92 million for the quarter, compared to analysts’ expectations of $7.11 million. sell-side analysts anticipate that Aehr Test Systems will post 0.03 EPS for the current fiscal year.

In other Aehr Test Systems news, insider Gayn Erickson sold 20,000 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $3.40, for a total transaction of $68,000.00. Following the sale, the insider now owns 341,063 shares of the company’s stock, valued at approximately $1,159,614.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William W. R. Elder sold 28,168 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $3.51, for a total value of $98,869.68. Following the sale, the director now directly owns 28,744 shares in the company, valued at approximately $100,891.44. The disclosure for this sale can be found here. Insiders have sold a total of 80,010 shares of company stock worth $260,786 in the last ninety days. Insiders own 21.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Royce & Associates LP boosted its position in Aehr Test Systems by 7.0% during the 3rd quarter. Royce & Associates LP now owns 305,000 shares of the semiconductor company’s stock valued at $1,247,000 after acquiring an additional 20,000 shares in the last quarter. EAM Investors LLC boosted its position in Aehr Test Systems by 115.4% during the 2nd quarter. EAM Investors LLC now owns 263,019 shares of the semiconductor company’s stock valued at $986,000 after acquiring an additional 140,910 shares in the last quarter. Vanguard Group Inc. boosted its position in Aehr Test Systems by 45.3% during the 2nd quarter. Vanguard Group Inc. now owns 493,399 shares of the semiconductor company’s stock valued at $1,851,000 after acquiring an additional 153,816 shares in the last quarter. Kennedy Capital Management Inc. boosted its position in Aehr Test Systems by 217.8% during the 2nd quarter. Kennedy Capital Management Inc. now owns 551,212 shares of the semiconductor company’s stock valued at $2,067,000 after acquiring an additional 377,758 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new stake in Aehr Test Systems during the 3rd quarter valued at $1,817,000. 27.16% of the stock is currently owned by institutional investors and hedge funds.

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Aehr Test Systems Company Profile

Aehr Test Systems is engaged in the designing, manufacturing and marketing of advanced test and burn-in products to the semiconductor manufacturing industry. The Company manufactures and markets full wafer contact test systems, test during burn-in systems, test fixtures, die carriers and related accessories.

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