Aehr Test Systems (NASDAQ:AEHR) Stock Price Down 9.1% – What’s Next?

Shares of Aehr Test Systems (NASDAQ:AEHR) traded down 9.1% during mid-day trading on Tuesday . The company traded as low as $132.71 and last traded at $132.3720. Approximately 520,330 shares traded hands during trading, a decline of 79% from the average daily volume of 2,424,321 shares. The stock had previously closed at $145.61.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Jefferies Financial Group assumed coverage on Aehr Test Systems in a research note on Thursday, August 13th. They issued a “buy” rating and a $175.00 price objective on the stock. Wall Street Zen upgraded Aehr Test Systems from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Weiss Ratings lowered Aehr Test Systems from a “sell (d)” rating to a “sell (e+)” rating in a report on Wednesday, July 29th. Freedom Capital raised Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Finally, Craig Hallum reiterated a “buy” rating and set a $125.00 price target on shares of Aehr Test Systems in a report on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Aehr Test Systems has an average rating of “Buy” and an average target price of $136.67.

Aehr Test Systems Stock Performance

The firm’s 50-day simple moving average is $94.70 and its 200-day simple moving average is $73.83. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of -449.81 and a beta of 3.10.

Insiders Place Their Bets

In related news, Director Laura Oliphant sold 1,717 shares of Aehr Test Systems stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $133.00, for a total transaction of $228,361.00. Following the sale, the director directly owned 16,100 shares of the company’s stock, valued at $2,141,300. This trade represents a 9.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Adil Engineer sold 15,000 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $131.02, for a total value of $1,965,300.00. Following the transaction, the chief operating officer owned 46,977 shares in the company, valued at $6,154,926.54. This represents a 24.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 109,475 shares of company stock valued at $13,827,160 in the last quarter. 6.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AEHR. Caitong International Asset Management Co. Ltd acquired a new stake in Aehr Test Systems during the fourth quarter worth $25,000. Advocate Investing Services LLC acquired a new position in shares of Aehr Test Systems in the 2nd quarter valued at $26,000. Sunbelt Securities Inc. acquired a new position in shares of Aehr Test Systems in the 3rd quarter valued at $27,000. State of Wyoming bought a new position in shares of Aehr Test Systems during the 2nd quarter worth about $28,000. Finally, KBC Group NV bought a new position in shares of Aehr Test Systems during the 1st quarter worth about $30,000. 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.