Aehr Test Systems (NASDAQ:AEHR) Raised to “Sell” at Wall Street Zen

Aehr Test Systems (NASDAQ:AEHR) was upgraded by equities researchers at Wall Street Zen from a “strong sell” rating to a “sell” rating in a note issued to investors on Saturday.

AEHR has been the topic of several other research reports. Craig Hallum upgraded Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a report on Wednesday, April 8th. Weiss Ratings upgraded Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Lake Street Capital restated a “buy” rating on shares of Aehr Test Systems in a report on Wednesday, April 8th. Finally, William Blair upgraded Aehr Test Systems from a “market perform” rating to an “outperform” rating in a report on Monday, March 2nd. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $68.00.

Aehr Test Systems Stock Performance

Shares of NASDAQ:AEHR opened at $98.45 on Friday. Aehr Test Systems has a one year low of $10.89 and a one year high of $121.80. The business’s fifty day moving average price is $82.49 and its two-hundred day moving average price is $47.25. The stock has a market cap of $3.10 billion, a PE ratio of -259.08 and a beta of 3.17.

Aehr Test Systems (NASDAQ:AEHR) last posted its quarterly earnings data on Tuesday, April 7th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.02. Aehr Test Systems had a negative return on equity of 7.15% and a negative net margin of 25.23%.The business had revenue of $10.31 million for the quarter, compared to analysts’ expectations of $10.85 million. As a group, equities research analysts predict that Aehr Test Systems will post -0.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Donald P. Richmond II sold 17,011 shares of the stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $73.18, for a total value of $1,244,864.98. Following the transaction, the insider directly owned 181,512 shares of the company’s stock, valued at approximately $13,283,048.16. This trade represents a 8.57% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Rhea J. Posedel sold 30,000 shares of the stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $70.00, for a total value of $2,100,000.00. Following the completion of the transaction, the director directly owned 426,979 shares in the company, valued at $29,888,530. This trade represents a 6.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 375,005 shares of company stock worth $28,656,178. Corporate insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

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

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.