Aehr Test Systems (NASDAQ:AEHR) Trading Down 6% – Should You Sell?

Aehr Test Systems (NASDAQ:AEHR) was down 6% on Monday . The company traded as low as $87.47 and last traded at $87.4680. Approximately 1,493,230 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 2,313,975 shares. The stock had previously closed at $93.07.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on AEHR shares. Weiss Ratings upgraded Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday. Lake Street Capital restated a “buy” rating on shares of Aehr Test Systems in a research note on Wednesday, April 8th. Craig Hallum upgraded Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Wednesday, April 8th. William Blair upgraded Aehr Test Systems from a “market perform” rating to an “outperform” rating in a research note on Monday, March 2nd. Finally, Wall Street Zen upgraded Aehr Test Systems from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 11th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Aehr Test Systems currently has an average rating of “Hold” and an average price target of $68.00.

Aehr Test Systems Trading Up 6.1%

The company has a market cap of $3.04 billion, a P/E ratio of -254.55 and a beta of 3.26. The business’s fifty day moving average is $56.29 and its 200 day moving average is $35.95.

Aehr Test Systems (NASDAQ:AEHR) last posted its quarterly earnings results on Tuesday, April 7th. The semiconductor company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. Aehr Test Systems had a negative net margin of 25.23% and a negative return on equity of 7.15%. The company had revenue of $10.31 million for the quarter, compared to analysts’ expectations of $10.85 million. As a group, research analysts expect that Aehr Test Systems will post -0.31 EPS for the current fiscal year.

Insider Buying and Selling at Aehr Test Systems

In other Aehr Test Systems news, Director Laura Oliphant sold 4,665 shares of the business’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $85.59, for a total transaction of $399,277.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Alberto Salamone sold 15,000 shares of the business’s 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 directly owned 63,025 shares in the company, valued at $5,645,149.25. The trade was a 19.22% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 382,184 shares of company stock worth $28,362,244. Company insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Aehr Test Systems

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sunbelt Securities Inc. bought a new stake in Aehr Test Systems during the 3rd quarter valued at $27,000. Jones Financial Companies Lllp raised its holdings in Aehr Test Systems by 3,448.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,029 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 1,000 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in Aehr Test Systems during the 4th quarter valued at $25,000. RiverPark Advisors LLC bought a new position in shares of Aehr Test Systems in the third quarter worth $42,000. Finally, State of Wyoming bought a new position in shares of Aehr Test Systems in the second quarter worth $28,000. Institutional investors own 69.69% of the company’s stock.

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.