Aehr Test Systems (NASDAQ:AEHR) Shares Up 6.6% – Here’s Why

Aehr Test Systems (NASDAQ:AEHR)’s share price rose 6.6% during mid-day trading on Friday . The stock traded as high as $27.99 and last traded at $28.2920. Approximately 331,434 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 1,284,495 shares. The stock had previously closed at $26.53.

Wall Street Analyst Weigh In

AEHR has been the topic of several research analyst reports. Lake Street Capital assumed coverage on shares of Aehr Test Systems in a report on Wednesday, December 17th. They set a “buy” rating on the stock. Craig Hallum reaffirmed a “hold” rating on shares of Aehr Test Systems in a research report on Friday, January 9th. Zacks Research upgraded Aehr Test Systems from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Aehr Test Systems in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $21.00.

Aehr Test Systems Trading Up 6.6%

The company has a market capitalization of $866.52 million, a price-to-earnings ratio of -94.43 and a beta of 2.33. The stock’s 50 day moving average price is $22.86 and its 200 day moving average price is $22.93.

Aehr Test Systems (NASDAQ:AEHR) last released its earnings results on Thursday, January 8th. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.04. Aehr Test Systems had a negative return on equity of 4.57% and a negative net margin of 16.63%.The business had revenue of $9.88 million for the quarter, compared to analyst estimates of $11.45 million. On average, research analysts expect that Aehr Test Systems will post 0.1 earnings per share for the current year.

Insider Buying and Selling at Aehr Test Systems

In other Aehr Test Systems news, Director Howard T. Slayen sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $25.73, for a total transaction of $154,380.00. Following the transaction, the director owned 218,328 shares of the company’s stock, valued at $5,617,579.44. The trade was a 2.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Aehr Test Systems

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Aehr Test Systems by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 2,288,190 shares of the semiconductor company’s stock valued at $68,897,000 after acquiring an additional 65,444 shares during the period. William Blair Investment Management LLC acquired a new position in shares of Aehr Test Systems in the third quarter valued at approximately $26,920,000. Geode Capital Management LLC increased its stake in shares of Aehr Test Systems by 1.3% during the second quarter. Geode Capital Management LLC now owns 678,546 shares of the semiconductor company’s stock worth $8,775,000 after purchasing an additional 8,658 shares during the period. Halter Ferguson Financial Inc. lifted its holdings in Aehr Test Systems by 3.0% during the 3rd quarter. Halter Ferguson Financial Inc. now owns 453,012 shares of the semiconductor company’s stock worth $13,640,000 after purchasing an additional 13,298 shares during the last quarter. Finally, Kennedy Capital Management LLC acquired a new stake in Aehr Test Systems during the 2nd quarter worth approximately $5,751,000. 69.69% of the stock is owned by 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.