Aehr Test Systems (NASDAQ:AEHR) Shares Gap Up – What’s Next?

Aehr Test Systems (NASDAQ:AEHR) gapped up before the market opened on Wednesday . The stock had previously closed at $81.14, but opened at $86.00. Aehr Test Systems shares last traded at $82.1530, with a volume of 258,936 shares.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Lake Street Capital reiterated a “buy” rating on shares of Aehr Test Systems in a research report on Wednesday, April 8th. 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. 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. Wall Street Zen cut shares of Aehr Test Systems from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. Finally, Craig Hallum upgraded shares of Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a report on Wednesday, April 8th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $68.00.

Aehr Test Systems Trading Up 10.9%

The firm’s fifty day moving average price is $68.13 and its 200 day moving average price is $41.27. The firm has a market capitalization of $2.87 billion, a PE ratio of -240.26 and a beta of 3.26.

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, topping analysts’ consensus estimates of ($0.07) by $0.02. The firm had revenue of $10.31 million during the quarter, compared to analysts’ expectations of $10.85 million. Aehr Test Systems had a negative net margin of 25.23% and a negative return on equity of 7.15%. As a group, research analysts expect that Aehr Test Systems will post -0.31 EPS for the current year.

Insider Transactions at Aehr Test Systems

In related news, Director Laura Oliphant sold 4,665 shares of the company’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $85.59, for a total value of $399,277.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Howard T. Slayen sold 6,819 shares of the company’s 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 completion of the sale, the director owned 169,709 shares of the company’s stock, valued at $17,773,623.57. This represents a 3.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 375,005 shares of company stock valued at $28,656,178 in the last three months. 6.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Aehr Test Systems by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 2,337,433 shares of the semiconductor company’s stock worth $47,193,000 after acquiring an additional 49,243 shares during the last quarter. Halter Ferguson Financial Inc. lifted its position in Aehr Test Systems by 41.7% during the 4th 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 last quarter. State of Alaska Department of Revenue acquired a new position in Aehr Test Systems during the 4th quarter worth $377,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Aehr Test Systems during the 4th quarter worth $407,000. Finally, HighTower Advisors LLC lifted its position in Aehr Test Systems by 485.1% during the 3rd quarter. HighTower Advisors LLC now owns 78,340 shares of the semiconductor company’s stock worth $2,359,000 after acquiring an additional 64,950 shares during the last quarter. Institutional investors and hedge funds 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.