Aehr Test Systems (NASDAQ:AEHR) Trading Down 4.6% – What’s Next?

Aehr Test Systems (NASDAQ:AEHR) shares were down 4.6% during trading on Wednesday . The stock traded as low as $21.95 and last traded at $21.7320. Approximately 53,485 shares changed hands during trading, a decline of 96% from the average daily volume of 1,245,353 shares. The stock had previously closed at $22.77.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AEHR shares. Craig Hallum downgraded Aehr Test Systems from a “buy” rating to a “hold” rating and set a $24.00 price objective for the company. in a research report on Tuesday, October 7th. Weiss Ratings reissued a “sell (d)” rating on shares of Aehr Test Systems in a research report on Wednesday, October 8th. Lake Street Capital began coverage on shares of Aehr Test Systems in a report on Wednesday, December 17th. They set a “buy” rating for the company. Finally, 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. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Aehr Test Systems currently has an average rating of “Hold” and an average target price of $24.00.

Aehr Test Systems Stock Down 3.6%

The firm has a market capitalization of $658.42 million, a P/E ratio of -99.75 and a beta of 2.40. The company’s 50 day moving average is $23.70 and its 200-day moving average is $21.70.

Aehr Test Systems (NASDAQ:AEHR) last posted its quarterly earnings results on Monday, October 6th. The semiconductor company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $11.00 million during the quarter, compared to the consensus estimate of $13.69 million. Aehr Test Systems had a negative net margin of 11.71% and a negative return on equity of 2.41%. During the same period in the previous year, the firm posted $0.07 earnings per share. On average, analysts predict that Aehr Test Systems will post 0.1 EPS for the current fiscal year.

Insider Activity at Aehr Test Systems

In other Aehr Test Systems news, Director Howard T. Slayen sold 6,000 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $25.73, for a total value of $154,380.00. Following the transaction, the director owned 218,328 shares in the company, valued at approximately $5,617,579.44. This represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Fariba Danesh sold 9,000 shares of the stock in a transaction on Thursday, October 9th. The stock was sold at an average price of $24.79, for a total value of $223,110.00. Following the completion of the transaction, the director owned 16,643 shares in the company, valued at approximately $412,579.97. This represents a 35.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 6.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Aehr Test Systems

A number of institutional investors and hedge funds have recently bought and sold shares of AEHR. Sunbelt Securities Inc. purchased a new position in Aehr Test Systems during the 3rd quarter worth $27,000. Jones Financial Companies Lllp boosted its holdings in Aehr Test Systems by 3,448.3% during the third quarter. Jones Financial Companies Lllp now owns 1,029 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 1,000 shares during the last quarter. RiverPark Advisors LLC bought a new stake in Aehr Test Systems in the 3rd quarter worth about $42,000. State of Wyoming bought a new stake in Aehr Test Systems in the 2nd quarter worth about $28,000. Finally, Russell Investments Group Ltd. increased its stake in Aehr Test Systems by 3,500.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,448 shares of the semiconductor company’s stock valued at $74,000 after buying an additional 2,380 shares during the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

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.