Aehr Test Systems (NASDAQ:AEHR) Upgraded to “Buy” by Craig Hallum

Craig Hallum upgraded shares of Aehr Test Systems (NASDAQ:AEHR) from a hold rating to a buy rating in a report released on Wednesday, MarketBeat.com reports. The brokerage currently has $25.00 price target on the semiconductor company’s stock, up from their prior price target of $12.00.

AEHR has been the topic of a number of other research reports. William Blair restated a market perform rating on shares of Aehr Test Systems in a research note on Monday, March 25th. StockNews.com lowered shares of Aehr Test Systems from a hold rating to a sell rating in a research note on Thursday, April 11th.

Aehr Test Systems Price Performance

NASDAQ:AEHR opened at $19.03 on Wednesday. The stock has a market cap of $550.35 million, a P/E ratio of 36.60 and a beta of 2.07. The firm has a 50-day moving average of $12.65 and a two-hundred day moving average of $14.17. Aehr Test Systems has a 1-year low of $9.83 and a 1-year high of $54.10.

Aehr Test Systems (NASDAQ:AEHR) last issued its earnings results on Tuesday, July 16th. The semiconductor company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.70. The business had revenue of $16.60 million for the quarter. Aehr Test Systems had a net margin of 50.07% and a return on equity of 39.32%. During the same quarter last year, the company posted $0.21 EPS. As a group, equities analysts expect that Aehr Test Systems will post 0.5 earnings per share for the current year.

Institutional Investors Weigh In On Aehr Test Systems

Several institutional investors and hedge funds have recently bought and sold shares of the business. ARS Investment Partners LLC acquired a new stake in Aehr Test Systems during the second quarter worth about $131,000. B. Riley Wealth Advisors Inc. acquired a new stake in Aehr Test Systems during the first quarter worth about $109,000. Kennedy Capital Management LLC acquired a new stake in Aehr Test Systems during the first quarter worth about $1,136,000. Silvercrest Asset Management Group LLC raised its stake in Aehr Test Systems by 4.5% during the first quarter. Silvercrest Asset Management Group LLC now owns 148,431 shares of the semiconductor company’s stock worth $1,841,000 after acquiring an additional 6,414 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Aehr Test Systems by 6.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,018 shares of the semiconductor company’s stock valued at $199,000 after purchasing an additional 961 shares during the period. Institutional investors and hedge funds own 69.69% of the company’s stock.

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.