Aehr Test Systems (NASDAQ:AEHR) Reaches New 1-Year High on Analyst Upgrade

Aehr Test Systems (NASDAQ:AEHR) shares hit a new 52-week high during mid-day trading on Monday after William Blair upgraded the stock from a market perform rating to an outperform rating. The stock traded as high as $44.54 and last traded at $40.2420, with a volume of 767140 shares changing hands. The stock had previously closed at $37.43.

Other analysts have also recently issued research reports about the stock. Lake Street Capital started coverage on shares of Aehr Test Systems in a research report on Wednesday, December 17th. They set a “buy” rating on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Aehr Test Systems in a research note on Wednesday, January 21st. Craig Hallum reiterated a “hold” rating on shares of Aehr Test Systems in a report on Friday, January 9th. Finally, Zacks Research upgraded shares of Aehr Test Systems from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Aehr Test Systems presently has an average rating of “Hold” and an average price target of $21.00.

Insider Activity at Aehr Test Systems

In other Aehr Test Systems news, Director Laura Oliphant sold 4,546 shares of the stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $31.40, for a total value of $142,744.40. Following the sale, the director directly owned 18,432 shares of the company’s stock, valued at approximately $578,764.80. This represents a 19.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Rhea J. Posedel sold 13,998 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $30.02, for a total transaction of $420,219.96. Following the completion of the sale, the director owned 456,979 shares in the company, valued at $13,718,509.58. The trade was a 2.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Aehr Test Systems

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd purchased a new stake in Aehr Test Systems in the fourth quarter valued at $25,000. Sunbelt Securities Inc. acquired a new stake in shares of Aehr Test Systems during the third quarter worth about $27,000. State of Wyoming purchased a new stake in shares of Aehr Test Systems in the 2nd quarter valued at about $28,000. Jones Financial Companies Lllp boosted its position in shares of Aehr Test Systems by 3,448.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,029 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 1,000 shares during the period. Finally, RiverPark Advisors LLC acquired a new stake in shares of Aehr Test Systems in the 3rd quarter valued at about $42,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Aehr Test Systems Trading Down 5.4%

The stock has a market cap of $1.28 billion, a PE ratio of -138.80 and a beta of 2.22. The business has a 50 day moving average of $28.11 and a 200-day moving average of $26.14.

Aehr Test Systems (NASDAQ:AEHR) last issued its quarterly earnings data on Thursday, January 8th. The semiconductor company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.04. The company had revenue of $9.88 million during the quarter, compared to analysts’ expectations of $11.45 million. Aehr Test Systems had a negative return on equity of 4.57% and a negative net margin of 16.63%. Research analysts expect that Aehr Test Systems will post 0.1 EPS for the current fiscal year.

Aehr Test Systems Company Profile

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.