Freedom Capital Upgrades Aehr Test Systems (NASDAQ:AEHR) to Strong-Buy

Aehr Test Systems (NASDAQ:AEHR) was upgraded by research analysts at Freedom Capital from a “hold” rating to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

AEHR has been the subject of several other reports. Wall Street Zen upgraded Aehr Test Systems from a “sell” rating to a “hold” rating in a report on Saturday. Craig Hallum restated a “buy” rating and set a $125.00 price objective on shares of Aehr Test Systems in a research note on Wednesday. Lake Street Capital reaffirmed a “buy” rating and issued a $110.00 target price on shares of Aehr Test Systems in a research report on Wednesday. Finally, Weiss Ratings lowered Aehr Test Systems from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.50.

Aehr Test Systems Trading Down 3.7%

Shares of AEHR stock opened at $81.05 on Thursday. The company has a market cap of $2.55 billion, a PE ratio of -337.69 and a beta of 3.17. The company’s fifty day simple moving average is $94.10 and its 200-day simple moving average is $61.57. Aehr Test Systems has a 52 week low of $14.99 and a 52 week high of $126.62.

Insider Activity

In related 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 of the company’s stock, valued at $5,645,149.25. The trade was a 19.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 directly owned 169,709 shares in the company, valued at $17,773,623.57. This trade represents a 3.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 57,825 shares of company stock valued at $5,517,987 over the last ninety days. 6.80% of the stock is owned by company insiders.

Institutional Trading of Aehr Test Systems

Large investors have recently modified their holdings of the business. Millennium Management LLC grew its position in shares of Aehr Test Systems by 0.8% during the 4th quarter. Millennium Management LLC now owns 59,219 shares of the semiconductor company’s stock valued at $1,196,000 after buying an additional 492 shares during the last quarter. KBC Group NV bought a new position in Aehr Test Systems in the first quarter worth about $30,000. CoreCap Advisors LLC lifted its holdings in Aehr Test Systems by 241.8% in the second quarter. CoreCap Advisors LLC now owns 1,251 shares of the semiconductor company’s stock worth $120,000 after acquiring an additional 885 shares during the last quarter. Sunbelt Securities Inc. acquired a new position in Aehr Test Systems in the third quarter valued at approximately $27,000. Finally, Tema ETFs LLC acquired a new position in Aehr Test Systems in the second quarter valued at approximately $89,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.

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.