Aehr Test Systems (NASDAQ:AEHR) Stock Price Down 6.5% – Time to Sell?

Aehr Test Systems (NASDAQ:AEHR)’s share price dropped 6.5% during mid-day trading on Thursday . The stock traded as low as $80.41 and last traded at $78.9420. Approximately 299,822 shares were traded during trading, a decline of 87% from the average session volume of 2,248,701 shares. The stock had previously closed at $84.43.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on AEHR shares. Lake Street Capital reiterated a “buy” rating on shares of Aehr Test Systems in a research report on Wednesday, April 8th. Craig Hallum raised shares of Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Wednesday, April 8th. Weiss Ratings upgraded shares of Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Finally, Wall Street Zen upgraded shares of Aehr Test Systems from a “strong sell” rating to a “sell” rating in a report on Saturday, June 6th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Aehr Test Systems currently has an average rating of “Hold” and an average price target of $68.00.

Aehr Test Systems Stock Down 18.4%

The stock has a 50 day moving average price of $98.37 and a 200 day moving average price of $57.47. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of -181.22 and a beta of 3.17.

Aehr Test Systems (NASDAQ:AEHR) last issued its quarterly earnings data on Tuesday, April 7th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. Aehr Test Systems had a negative net margin of 25.23% and a negative return on equity of 7.15%. The business had revenue of $10.31 million during the quarter, compared to analyst estimates of $10.85 million. Sell-side analysts forecast that Aehr Test Systems will post -0.31 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Howard T. Slayen sold 25,000 shares of Aehr Test Systems stock in a transaction on Friday, April 17th. The shares were sold at an average price of $85.00, for a total transaction of $2,125,000.00. Following the transaction, the director owned 178,328 shares in the company, valued at approximately $15,157,880. The trade was a 12.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Donald P. Richmond II sold 17,011 shares of Aehr Test Systems stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $73.18, for a total transaction of $1,244,864.98. Following the transaction, the insider owned 181,512 shares in the company, valued at approximately $13,283,048.16. This trade represents a 8.57% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 375,005 shares of company stock valued at $28,656,178. 6.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP lifted its holdings in Aehr Test Systems by 129.9% during the 4th quarter. Wellington Management Group LLP now owns 830,664 shares of the semiconductor company’s stock worth $16,771,000 after buying an additional 469,400 shares during the period. Invesco Ltd. raised its position in shares of Aehr Test Systems by 1,137.2% during the third quarter. Invesco Ltd. now owns 366,570 shares of the semiconductor company’s stock worth $11,037,000 after acquiring an additional 336,940 shares during the last quarter. Next Century Growth Investors LLC raised its position in shares of Aehr Test Systems by 99.9% during the fourth quarter. Next Century Growth Investors LLC now owns 552,506 shares of the semiconductor company’s stock worth $11,155,000 after acquiring an additional 276,160 shares during the last quarter. Halter Ferguson Financial Inc. lifted its stake in shares of Aehr Test Systems by 41.7% in the fourth quarter. Halter Ferguson Financial Inc. now owns 642,129 shares of the semiconductor company’s stock worth $12,965,000 after acquiring an additional 189,117 shares during the period. Finally, Squarepoint Ops LLC lifted its stake in shares of Aehr Test Systems by 1,321.9% in the fourth quarter. Squarepoint Ops LLC now owns 100,199 shares of the semiconductor company’s stock worth $2,023,000 after acquiring an additional 108,399 shares during the period. 69.69% of the stock is owned by institutional investors and hedge funds.

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.