Aehr Test Systems (NASDAQ:AEHR) Stock Price Down 9.2% – What’s Next?

Aehr Test Systems (NASDAQ:AEHR) shares dropped 9.2% on Friday. The company traded as low as $55.31 and last traded at $55.4540. Approximately 502,061 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 2,523,556 shares. The stock had previously closed at $61.04.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AEHR shares. Freedom Capital upgraded shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Jefferies Financial Group decreased their price target on shares of Aehr Test Systems from $175.00 to $140.00 and set a “buy” rating on the stock in a report on Tuesday, November 3rd. Zacks Research cut shares of Aehr Test Systems from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. Lake Street Capital dropped their price objective on shares of Aehr Test Systems from $110.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, November 3rd. Finally, Wall Street Zen upgraded shares of Aehr Test Systems from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Aehr Test Systems presently has an average rating of “Moderate Buy” and an average target price of $118.75.

Aehr Test Systems Price Performance

The firm has a market capitalization of $1.88 billion, a P/E ratio of 1,435.60 and a beta of 3.36. The firm’s 50 day simple moving average is $78.35 and its two-hundred day simple moving average is $75.15.

Aehr Test Systems (NASDAQ:AEHR) last posted its quarterly earnings results on Monday, November 2nd. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.17. Aehr Test Systems had a net margin of 2.97% and a return on equity of 1.76%. The business had revenue of $33.01 million during the quarter, compared to analyst estimates of $27.53 million.

Institutional Investors Weigh In On Aehr Test Systems

Several institutional investors have recently bought and sold shares of the stock. Advocate Investing Services LLC bought a new position in Aehr Test Systems during the 2nd quarter worth approximately $26,000. Nykredit A S bought a new stake in Aehr Test Systems in the second quarter valued at approximately $28,000. Fifth Third Bancorp bought a new stake in Aehr Test Systems in the third quarter valued at approximately $28,000. KBC Group NV bought a new stake in Aehr Test Systems in the first quarter valued at approximately $30,000. Finally, Compagnie Lombard Odier SCmA purchased a new stake in shares of Aehr Test Systems during the second quarter valued at approximately $34,000. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Aehr Test Systems Company Profile

Aehr Test Systems designs, manufactures and markets semiconductor test and burn-in equipment and related products. Its systems are used to test devices at the wafer, die and packaged-chip stages of production. The company’s offerings include FOX series test and burn-in systems, WaferPak wafer-level contactors and DiePak carriers. These products support testing for applications such as silicon carbide power semiconductors, silicon photonics and other devices used in automotive, computing and communications markets.