Brokerages Set Aehr Test Systems (NASDAQ:AEHR) PT at $21.00

Shares of Aehr Test Systems (NASDAQ:AEHRGet Free Report) have earned an average rating of “Hold” from the five analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $21.00.

A number of equities analysts have commented on the company. Zacks Research raised Aehr Test Systems from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. William Blair upgraded Aehr Test Systems from a “market perform” rating to an “outperform” rating in a research report on Monday, March 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of Aehr Test Systems in a research note on Wednesday, January 21st. Lake Street Capital assumed coverage on Aehr Test Systems in a report on Wednesday, December 17th. They issued a “buy” rating on the stock. Finally, Craig Hallum reaffirmed a “hold” rating on shares of Aehr Test Systems in a research note on Friday, January 9th.

View Our Latest Stock Analysis on AEHR

Key Stories Impacting Aehr Test Systems

Here are the key news stories impacting Aehr Test Systems this week:

Aehr Test Systems Stock Up 23.1%

AEHR stock opened at $37.08 on Friday. Aehr Test Systems has a 52 week low of $6.27 and a 52 week high of $46.95. The firm has a 50-day simple moving average of $33.46 and a 200-day simple moving average of $28.09. The stock has a market capitalization of $1.14 billion, a P/E ratio of -123.60 and a beta of 2.22.

Aehr Test Systems (NASDAQ:AEHRGet Free Report) last issued its quarterly earnings results 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. Aehr Test Systems had a negative net margin of 16.63% and a negative return on equity of 4.57%. The firm had revenue of $9.88 million for the quarter, compared to analyst estimates of $11.45 million. On average, analysts expect that Aehr Test Systems will post 0.1 earnings per share for the current year.

Insider Activity

In other news, Director Rhea J. Posedel sold 13,998 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $30.02, for a total value of $420,219.96. Following the completion of the sale, the director directly owned 456,979 shares in the company, valued at $13,718,509.58. This represents a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Laura Oliphant sold 4,546 shares of the company’s stock in a transaction 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 completion of the sale, the director owned 18,432 shares of the company’s stock, valued at approximately $578,764.80. The trade was a 19.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 6.80% of the company’s stock.

Institutional Trading of Aehr Test Systems

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Aehr Test Systems by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 2,337,433 shares of the semiconductor company’s stock worth $47,193,000 after acquiring an additional 49,243 shares during the period. William Blair Investment Management LLC purchased a new stake in shares of Aehr Test Systems in the 3rd quarter valued at $26,920,000. Wellington Management Group LLP lifted its stake in Aehr Test Systems by 129.9% during the 4th quarter. Wellington Management Group LLP now owns 830,664 shares of the semiconductor company’s stock worth $16,771,000 after acquiring an additional 469,400 shares in the last quarter. Geode Capital Management LLC lifted its stake in Aehr Test Systems by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 685,694 shares of the semiconductor company’s stock worth $13,846,000 after acquiring an additional 5,591 shares in the last quarter. Finally, Halter Ferguson Financial Inc. boosted its holdings in Aehr Test Systems by 41.7% during the 4th quarter. Halter Ferguson Financial Inc. now owns 642,129 shares of the semiconductor company’s stock valued at $12,965,000 after acquiring an additional 189,117 shares during the period. Hedge funds and other institutional investors own 69.69% of the company’s stock.

About Aehr Test Systems

(Get Free Report)

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.

See Also

Analyst Recommendations for Aehr Test Systems (NASDAQ:AEHR)

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