Aehr Test Systems (NASDAQ:AEHR) Upgraded to “Hold” by StockNews.com

Aehr Test Systems (NASDAQ:AEHR) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Separately, Craig Hallum upgraded shares of Aehr Test Systems from a “hold” rating to a “buy” rating and upped their price target for the stock from $12.00 to $25.00 in a report on Wednesday, July 17th.

Aehr Test Systems Price Performance

NASDAQ AEHR opened at $13.23 on Friday. The business has a fifty day moving average price of $14.41 and a two-hundred day moving average price of $13.12. Aehr Test Systems has a fifty-two week low of $9.83 and a fifty-two week high of $48.28. The stock has a market capitalization of $382.55 million, a PE ratio of 25.44 and a beta of 2.05.

Aehr Test Systems (NASDAQ:AEHR) last released its earnings results on Friday, July 19th. The semiconductor company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.70. Aehr Test Systems had a return on equity of 36.41% and a net margin of 50.07%. The firm had revenue of $16.60 million during the quarter. During the same quarter in the previous year, the company earned $0.21 earnings per share. As a group, sell-side analysts expect that Aehr Test Systems will post 0.25 earnings per share for the current year.

Insider Transactions at Aehr Test Systems

In other news, Director Fariba Danesh sold 10,000 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $18.59, for a total transaction of $185,900.00. Following the completion of the transaction, the director now directly owns 16,390 shares in the company, valued at $304,690.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Howard T. Slayen acquired 20,000 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average cost of $15.50 per share, for a total transaction of $310,000.00. Following the completion of the acquisition, the director now directly owns 220,714 shares of the company’s stock, valued at approximately $3,421,067. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Fariba Danesh sold 10,000 shares of the stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $18.59, for a total value of $185,900.00. Following the completion of the sale, the director now owns 16,390 shares of the company’s stock, valued at $304,690.10. The disclosure for this sale can be found here. Company insiders own 11.30% of the company’s stock.

Institutional Trading of Aehr Test Systems

A number of institutional investors and hedge funds have recently bought and sold shares of AEHR. Charles Schwab Investment Management Inc. increased its holdings in Aehr Test Systems by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 209,670 shares of the semiconductor company’s stock valued at $5,563,000 after purchasing an additional 9,117 shares during the period. Trexquant Investment LP increased its holdings in Aehr Test Systems by 101.6% in the fourth quarter. Trexquant Investment LP now owns 20,832 shares of the semiconductor company’s stock valued at $553,000 after purchasing an additional 10,498 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in Aehr Test Systems during the 4th quarter worth about $937,000. General American Investors Co. Inc. acquired a new stake in Aehr Test Systems during the 4th quarter worth about $2,640,000. Finally, Virtu Financial LLC acquired a new stake in Aehr Test Systems during the 4th quarter worth about $537,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.

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.