Aehr Test Systems (NASDAQ:AEHR) Stock Price Down 7.9% – Time to Sell?

Aehr Test Systems (NASDAQ:AEHR)’s stock price traded down 7.9% during mid-day trading on Thursday . The stock traded as low as $35.70 and last traded at $35.96. 370,133 shares traded hands during trading, a decline of 75% from the average session volume of 1,509,089 shares. The stock had previously closed at $39.03.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AEHR. William Blair upgraded shares of Aehr Test Systems from a “market perform” rating to an “outperform” rating in a research note on Monday, March 2nd. Zacks Research upgraded Aehr Test Systems from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Craig Hallum reaffirmed a “hold” rating on shares of Aehr Test Systems in a report on Friday, January 9th. Weiss Ratings reiterated a “sell (d)” rating on shares of Aehr Test Systems in a research report on Wednesday, January 21st. Finally, Lake Street Capital began coverage on Aehr Test Systems in a report on Wednesday, December 17th. They set a “buy” rating on the stock. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.00.

Aehr Test Systems Trading Down 5.9%

The business’s fifty day moving average price is $33.27 and its 200 day moving average price is $27.97. The company has a market capitalization of $996.09 million, a P/E ratio of -108.40 and a beta of 2.22.

Aehr Test Systems (NASDAQ:AEHR) last released its quarterly earnings data on Thursday, January 8th. The semiconductor company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.04. Aehr Test Systems had a negative return on equity of 4.57% and a negative net margin of 16.63%.The company had revenue of $9.88 million for the quarter, compared to the consensus estimate of $11.45 million. Equities research analysts anticipate that Aehr Test Systems will post 0.1 EPS for the current year.

Insider Buying and Selling at Aehr Test Systems

In related news, Director Laura Oliphant sold 4,546 shares of the company’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $31.40, for a total transaction of $142,744.40. Following the transaction, the director owned 18,432 shares in the company, valued at $578,764.80. This represents a 19.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rhea J. Posedel sold 13,998 shares of Aehr Test Systems stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $30.02, for a total value of $420,219.96. Following the completion of the sale, the director owned 456,979 shares of the company’s stock, valued at approximately $13,718,509.58. The trade was a 2.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd grew its stake in shares of Aehr Test Systems by 75.7% during the fourth quarter. XTX Topco Ltd now owns 39,225 shares of the semiconductor company’s stock worth $792,000 after purchasing an additional 16,897 shares during the period. Wellington Management Group LLP boosted its holdings in Aehr Test Systems by 129.9% during the fourth quarter. Wellington Management Group LLP now owns 830,664 shares of the semiconductor company’s stock worth $16,771,000 after buying an additional 469,400 shares during the last quarter. Sun Group Wealth Partners acquired a new position in shares of Aehr Test Systems during the 4th quarter worth about $355,000. Tudor Investment Corp ET AL grew its position in shares of Aehr Test Systems by 1.9% during the 4th quarter. Tudor Investment Corp ET AL now owns 181,500 shares of the semiconductor company’s stock worth $3,664,000 after buying an additional 3,460 shares during the period. Finally, Millennium Management LLC increased its stake in shares of Aehr Test Systems by 0.8% in the 4th quarter. Millennium Management LLC now owns 59,219 shares of the semiconductor company’s stock valued at $1,196,000 after acquiring an additional 492 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors.

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.