Aehr Test Systems (NASDAQ:AEHR) Shares Down 7.5% – Here’s Why

Aehr Test Systems (NASDAQ:AEHR) fell 7.5% during mid-day trading on Friday . The company traded as low as $34.66 and last traded at $34.9460. 354,184 shares were traded during trading, a decline of 77% from the average session volume of 1,507,860 shares. The stock had previously closed at $37.76.

Wall Street Analysts Forecast Growth

AEHR has been the topic of a number of research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Aehr Test Systems in a research note on Wednesday, January 21st. William Blair upgraded Aehr Test Systems from a “market perform” rating to an “outperform” rating in a report on Monday, March 2nd. Zacks Research upgraded Aehr Test Systems from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Craig Hallum reissued a “hold” rating on shares of Aehr Test Systems in a report on Friday, January 9th. Finally, Lake Street Capital initiated coverage on Aehr Test Systems in a research note on Wednesday, December 17th. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $21.00.

Aehr Test Systems Stock Performance

The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of -113.68 and a beta of 2.22. The firm has a fifty day moving average price of $32.15 and a 200-day moving average price of $27.51.

Aehr Test Systems (NASDAQ:AEHR) last posted its quarterly earnings data on Thursday, January 8th. The semiconductor company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.04. The business had revenue of $9.88 million during the quarter, compared to analysts’ expectations of $11.45 million. Aehr Test Systems had a negative net margin of 16.63% and a negative return on equity of 4.57%. On average, sell-side analysts forecast that Aehr Test Systems will post 0.1 EPS for the current fiscal year.

Insider Buying and Selling at Aehr Test Systems

In other Aehr Test Systems news, Director Laura Oliphant sold 4,546 shares of the firm’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $31.40, for a total value of $142,744.40. Following the sale, the director owned 18,432 shares of the company’s stock, valued at approximately $578,764.80. This trade represents a 19.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Rhea J. Posedel sold 13,998 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $30.02, for a total transaction of $420,219.96. Following the sale, the director directly owned 456,979 shares in the company, valued at approximately $13,718,509.58. The trade was a 2.97% decrease in their position. The SEC filing for this sale provides additional information. 6.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Aehr Test Systems

A number of hedge funds have recently bought and sold shares of the company. Millennium Management LLC grew its position in Aehr Test Systems by 0.8% during the fourth quarter. Millennium Management LLC now owns 59,219 shares of the semiconductor company’s stock valued at $1,196,000 after buying an additional 492 shares during the period. State of Wyoming raised its position in shares of Aehr Test Systems by 26.7% in the third quarter. State of Wyoming now owns 2,777 shares of the semiconductor company’s stock worth $84,000 after buying an additional 586 shares in the last quarter. Sunbelt Securities Inc. bought a new stake in Aehr Test Systems during the third quarter worth about $27,000. Jones Financial Companies Lllp boosted its stake in Aehr Test Systems by 3,448.3% in the third quarter. Jones Financial Companies Lllp now owns 1,029 shares of the semiconductor company’s stock worth $31,000 after buying an additional 1,000 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Aehr Test Systems by 7.9% during the second quarter. JPMorgan Chase & Co. now owns 15,576 shares of the semiconductor company’s stock valued at $201,000 after acquiring an additional 1,145 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.

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.