Aehr Test Systems (NASDAQ:AEHR) Stock Price Up 6.3% – Time to Buy?

Aehr Test Systems (NASDAQ:AEHR)’s share price rose 6.3% during trading on Monday . The company traded as high as $38.22 and last traded at $37.86. Approximately 626,725 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 1,525,525 shares. The stock had previously closed at $35.61.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Craig Hallum restated a “hold” rating on shares of Aehr Test Systems in a research note on Friday, January 9th. Lake Street Capital initiated coverage on shares of Aehr Test Systems in a report on Wednesday, December 17th. They set a “buy” rating on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Aehr Test Systems in a research report on Wednesday, January 21st. Zacks Research raised shares of Aehr Test Systems from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Finally, William Blair upgraded shares of Aehr Test Systems from a “market perform” rating to an “outperform” rating in a research report on Monday, March 2nd. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $21.00.

Aehr Test Systems Stock Down 1.0%

The business has a fifty day moving average of $30.01 and a 200 day moving average of $26.93. The firm has a market cap of $1.27 billion, a P/E ratio of -138.41 and a beta of 2.22.

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

Insider Activity at Aehr Test Systems

In related news, Director Rhea J. Posedel sold 13,998 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $30.02, for a total transaction of $420,219.96. Following the completion of the transaction, the director owned 456,979 shares in the company, valued at approximately $13,718,509.58. The trade was a 2.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Laura Oliphant sold 4,546 shares of the stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $31.40, for a total transaction of $142,744.40. Following the completion of the sale, the director owned 18,432 shares in the company, valued at approximately $578,764.80. This trade represents a 19.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 6.80% of the stock is owned by company insiders.

Institutional Trading of Aehr Test Systems

A number of large investors have recently made changes to their positions in AEHR. XTX Topco Ltd lifted its holdings in Aehr Test Systems by 75.7% during the fourth quarter. XTX Topco Ltd now owns 39,225 shares of the semiconductor company’s stock worth $792,000 after acquiring an additional 16,897 shares in the last quarter. Wellington Management Group LLP grew its stake in Aehr Test Systems by 129.9% in the fourth quarter. Wellington Management Group LLP now owns 830,664 shares of the semiconductor company’s stock valued at $16,771,000 after acquiring an additional 469,400 shares during the period. Sun Group Wealth Partners bought a new stake in shares of Aehr Test Systems in the fourth quarter worth about $355,000. Tudor Investment Corp ET AL increased its holdings in shares of Aehr Test Systems by 1.9% in the fourth quarter. Tudor Investment Corp ET AL now owns 181,500 shares of the semiconductor company’s stock worth $3,664,000 after acquiring an additional 3,460 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of Aehr Test Systems by 0.8% during the fourth quarter. Millennium Management LLC now owns 59,219 shares of the semiconductor company’s stock worth $1,196,000 after purchasing an additional 492 shares during the period. Institutional investors 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.