Wall Street Zen Upgrades Aehr Test Systems (NASDAQ:AEHR) to Hold

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

Several other equities analysts have also recently issued reports on AEHR. Weiss Ratings cut Aehr Test Systems from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday. Craig Hallum reaffirmed a “buy” rating and set a $125.00 price objective on shares of Aehr Test Systems in a research report on Wednesday. Finally, Lake Street Capital reaffirmed a “buy” rating and set a $110.00 price objective on shares of Aehr Test Systems in a research report on Wednesday. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $117.50.

Aehr Test Systems Price Performance

Shares of NASDAQ AEHR opened at $81.05 on Friday. The stock’s 50-day moving average is $94.10 and its two-hundred day moving average is $61.57. Aehr Test Systems has a 1-year low of $14.99 and a 1-year high of $126.62. The company has a market cap of $2.55 billion, a price-to-earnings ratio of -337.69 and a beta of 3.17.

Insider Activity

In other news, Director Howard T. Slayen sold 6,819 shares of Aehr Test Systems stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $104.73, for a total transaction of $714,153.87. Following the completion of the sale, the director directly owned 169,709 shares in the company, valued at approximately $17,773,623.57. This trade represents a 3.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Alistair N. Sporck sold 2,000 shares of Aehr Test Systems stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $93.50, for a total value of $187,000.00. Following the transaction, the vice president directly owned 5,177 shares of the company’s stock, valued at approximately $484,049.50. This represents a 27.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 57,825 shares of company stock worth $5,517,987 in the last three months. 6.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AEHR. Vanguard Group Inc. grew its stake in 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 valued at $47,193,000 after acquiring an additional 49,243 shares during the last quarter. Halter Ferguson Financial Inc. raised its position in Aehr Test Systems by 41.7% during the fourth quarter. Halter Ferguson Financial Inc. now owns 642,129 shares of the semiconductor company’s stock worth $12,965,000 after acquiring an additional 189,117 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in Aehr Test Systems during the fourth quarter worth about $377,000. UBS Group AG raised its position in Aehr Test Systems by 55.7% during the fourth quarter. UBS Group AG now owns 243,129 shares of the semiconductor company’s stock worth $4,909,000 after acquiring an additional 87,014 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Aehr Test Systems in the fourth quarter valued at about $407,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

About Aehr Test Systems

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.