Aehr Test Systems (NASDAQ:AEHR) Shares Up 5.8% – Time to Buy?

Aehr Test Systems (NASDAQ:AEHR)’s stock price shot up 5.8% during trading on Wednesday . The stock traded as high as $121.80 and last traded at $119.57. 1,327,226 shares traded hands during mid-day trading, a decline of 44% from the average session volume of 2,365,548 shares. The stock had previously closed at $113.00.

Wall Street Analysts Forecast Growth

Several research firms have commented on AEHR. Weiss Ratings raised shares of Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Lake Street Capital reaffirmed a “buy” rating on shares of Aehr Test Systems in a report on Wednesday, April 8th. William Blair raised shares of Aehr Test Systems from a “market perform” rating to an “outperform” rating in a report on Monday, March 2nd. Wall Street Zen lowered shares of Aehr Test Systems from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. Finally, Craig Hallum raised shares of Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a report on Wednesday, April 8th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $68.00.

Aehr Test Systems Stock Performance

The firm’s 50 day moving average price is $81.30 and its 200-day moving average price is $46.89. The firm has a market capitalization of $3.67 billion, a PE ratio of -306.79 and a beta of 3.17.

Aehr Test Systems (NASDAQ:AEHR) last posted its earnings results on Tuesday, April 7th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $10.31 million for the quarter, compared to analyst estimates of $10.85 million. On average, equities research analysts expect that Aehr Test Systems will post -0.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Aehr Test Systems

In other news, Director Laura Oliphant sold 4,665 shares of the stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $85.59, for a total transaction of $399,277.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Alistair N. Sporck sold 2,000 shares of the stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $93.50, for a total transaction of $187,000.00. Following the sale, the vice president directly owned 5,177 shares in the company, valued at approximately $484,049.50. The trade was a 27.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 375,005 shares of company stock worth $28,656,178. 6.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Aehr Test Systems by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 2,337,433 shares of the semiconductor company’s stock worth $47,193,000 after purchasing an additional 49,243 shares during the last quarter. Halter Ferguson Financial Inc. raised its position in shares of Aehr Test Systems by 41.7% during the 4th quarter. Halter Ferguson Financial Inc. now owns 642,129 shares of the semiconductor company’s stock worth $12,965,000 after purchasing an additional 189,117 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Aehr Test Systems during the 4th quarter worth about $377,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Aehr Test Systems during the 4th quarter worth about $407,000. Finally, UBS Group AG raised its position in shares of Aehr Test Systems by 55.7% during the 4th quarter. UBS Group AG now owns 243,129 shares of the semiconductor company’s stock worth $4,909,000 after purchasing an additional 87,014 shares during the last quarter. Institutional investors and hedge funds 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.