Aehr Test Systems (NASDAQ:AEHR) Reaches New 1-Year High – Time to Buy?

Shares of Aehr Test Systems (NASDAQ:AEHR) hit a new 52-week high during trading on Tuesday . The stock traded as high as $109.55 and last traded at $109.19, with a volume of 1520353 shares trading hands. The stock had previously closed at $95.02.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Lake Street Capital reiterated a “buy” rating on shares of Aehr Test Systems in a report on Wednesday, April 8th. Weiss Ratings upgraded Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Wall Street Zen downgraded shares of Aehr Test Systems from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. William Blair upgraded shares of Aehr Test Systems from a “market perform” rating to an “outperform” rating in a research note on Monday, March 2nd. Finally, Craig Hallum upgraded shares of Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Wednesday, April 8th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $68.00.

Aehr Test Systems Price Performance

The firm’s 50 day moving average price is $74.40 and its 200-day moving average price is $43.94. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of -263.13 and a beta of 3.26.

Aehr Test Systems (NASDAQ:AEHR) last announced its quarterly earnings data on Tuesday, April 7th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.02. The business had revenue of $10.31 million for the quarter, compared to the consensus estimate of $10.85 million. Aehr Test Systems had a negative net margin of 25.23% and a negative return on equity of 7.15%. Analysts expect that Aehr Test Systems will post -0.31 EPS for the current year.

Insider Activity

In other Aehr Test Systems news, EVP Alberto Salamone sold 15,000 shares of Aehr Test Systems stock in a transaction on Monday, April 20th. The shares were sold at an average price of $89.57, for a total transaction of $1,343,550.00. Following the sale, the executive vice president owned 63,025 shares in the company, valued at $5,645,149.25. The trade was a 19.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Howard T. Slayen sold 6,819 shares of Aehr Test Systems stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $104.73, for a total transaction of $714,153.87. Following the sale, the director owned 169,709 shares in the company, valued at $17,773,623.57. This represents a 3.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 375,005 shares of company stock valued at $28,656,178. 6.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Aehr Test Systems

Institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd acquired a new stake in Aehr Test Systems during the fourth quarter worth $25,000. Sunbelt Securities Inc. acquired a new stake in Aehr Test Systems during the third quarter worth $27,000. State of Wyoming acquired a new stake in Aehr Test Systems during the second quarter worth $28,000. KBC Group NV acquired a new stake in Aehr Test Systems during the first quarter worth $30,000. Finally, Jones Financial Companies Lllp boosted its stake in Aehr Test Systems by 3,448.3% during 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. Institutional investors and hedge funds own 69.69% of the company’s stock.

About Aehr Test Systems

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.