Aehr Test Systems (NASDAQ:AEHR) Shares Gap Up After Earnings Beat

Aehr Test Systems (NASDAQ:AEHR) gapped up before the market opened on Wednesday following a stronger than expected earnings report. The stock had previously closed at $16.84, but opened at $19.26. Aehr Test Systems shares last traded at $20.01, with a volume of 3,111,346 shares traded.

The semiconductor company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.70. The business had revenue of $16.60 million for the quarter. Aehr Test Systems had a return on equity of 18.70% and a net margin of 21.43%. During the same period last year, the company posted $0.21 earnings per share.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AEHR shares. StockNews.com cut Aehr Test Systems from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. William Blair reissued a “market perform” rating on shares of Aehr Test Systems in a report on Monday, March 25th. Finally, Craig Hallum raised Aehr Test Systems from a “hold” rating to a “buy” rating and increased their price target for the company from $12.00 to $25.00 in a report on Wednesday.

Hedge Funds Weigh In On Aehr Test Systems

Several hedge funds and other institutional investors have recently modified their holdings of the company. B. Riley Wealth Advisors Inc. bought a new position in Aehr Test Systems in the 1st quarter worth $109,000. Kennedy Capital Management LLC bought a new position in Aehr Test Systems in the 1st quarter worth $1,136,000. Silvercrest Asset Management Group LLC raised its holdings in Aehr Test Systems by 4.5% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 148,431 shares of the semiconductor company’s stock worth $1,841,000 after purchasing an additional 6,414 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Aehr Test Systems by 6.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,018 shares of the semiconductor company’s stock worth $199,000 after purchasing an additional 961 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Aehr Test Systems by 39.0% in the 1st quarter. Vanguard Group Inc. now owns 2,097,712 shares of the semiconductor company’s stock worth $26,012,000 after purchasing an additional 588,953 shares during the period. 69.69% of the stock is owned by institutional investors.

Aehr Test Systems Stock Performance

The stock has a fifty day moving average of $12.16 and a 200 day moving average of $14.15. The company has a market capitalization of $579.27 million, a P/E ratio of 38.83 and a beta of 2.07.

About Aehr Test Systems

Aehr Test Systems provides test solutions for testing, burning-in, and semiconductor devices in wafer level, singulated die, and package part form, and installed systems worldwide. Its product portfolio includes FOX-XP and FOX-NP systems that are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize range of devices, including silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices.