Aehr Test Systems (NASDAQ:AEHR) Shares Gap Up – Should You Buy?

Aehr Test Systems (NASDAQ:AEHR)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $83.37, but opened at $85.97. Aehr Test Systems shares last traded at $83.7720, with a volume of 368,842 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AEHR shares. Freedom Capital raised 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 began coverage on shares of Aehr Test Systems in a report on Thursday, August 13th. They issued a “buy” rating and a $175.00 price target on the stock. Oppenheimer initiated coverage on Aehr Test Systems in a research report on Thursday, September 10th. They set an “outperform” rating and a $120.00 price target on the stock. Lake Street Capital reiterated a “buy” rating and set a $110.00 price objective on shares of Aehr Test Systems in a report on Wednesday, July 15th. Finally, Wall Street Zen upgraded Aehr Test Systems from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Aehr Test Systems has an average rating of “Moderate Buy” and a consensus price target of $132.50.

Aehr Test Systems Price Performance

The stock has a market cap of $2.75 billion, a price-to-earnings ratio of -351.03 and a beta of 3.06. The company’s fifty day moving average price is $92.15 and its 200-day moving average price is $82.06.

Insider Activity at Aehr Test Systems

In other news, Director Rhea J. Posedel sold 5,973 shares of Aehr Test Systems stock in a transaction on Friday, August 14th. The shares were sold at an average price of $140.00, for a total transaction of $836,220.00. Following the completion of the sale, the director directly owned 381,989 shares in the company, valued at approximately $53,478,460. The trade was a 1.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Laura Oliphant sold 1,717 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were 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 in the company, valued at $2,141,300. This trade represents a 9.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 109,475 shares of company stock worth $13,827,160 in the last 90 days. 4.60% of the stock is owned by insiders.

Institutional Trading of Aehr Test Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advocate Investing Services LLC acquired a new position in shares of Aehr Test Systems in the second quarter valued at about $26,000. Nykredit A S acquired a new stake in shares of Aehr Test Systems during the second quarter worth about $28,000. Compagnie Lombard Odier SCmA purchased a new stake in Aehr Test Systems in the second quarter valued at approximately $34,000. KBC Group NV purchased a new stake in Aehr Test Systems in the first quarter valued at approximately $30,000. Finally, Tema ETFs LLC acquired a new position in Aehr Test Systems in the 2nd quarter worth approximately $89,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

Aehr Test Systems Company Profile

Aehr Test Systems (NASDAQ: AEHR) develops and manufactures semiconductor test and burn-in equipment used to verify the reliability and performance of integrated circuits, wafers and packaged devices. Its systems are designed to identify defects and reliability issues before semiconductor products are shipped to customers.

The company’s product portfolio includes the FOX family of test and burn-in systems, along with wafer-level and packaged-device solutions such as WaferPak contactors and DiePak carriers.