Aehr Test Systems (NASDAQ:AEHR) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Aehr Test Systems (NASDAQ:AEHR) from a sell rating to a hold rating in a report released on Saturday.

A number of other brokerages also recently commented on AEHR. Craig Hallum reissued a “buy” rating and issued a $125.00 price objective on shares of Aehr Test Systems in a research report on Wednesday. Weiss Ratings cut shares of Aehr Test Systems from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday. Finally, Lake Street Capital reiterated a “buy” rating and issued a $110.00 target price on shares of Aehr Test Systems in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Aehr Test Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.50.

Aehr Test Systems Trading Down 3.7%

Shares of AEHR opened at $81.05 on Friday. The company has a market cap of $2.55 billion, a price-to-earnings ratio of -337.69 and a beta of 3.17. Aehr Test Systems has a 1-year low of $14.99 and a 1-year high of $126.62. The company’s fifty day simple moving average is $94.10 and its 200 day simple moving average is $61.57.

Insiders Place Their Bets

In other Aehr Test Systems news, Director Rhea J. Posedel sold 604 shares of Aehr Test Systems stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $95.00, for a total transaction of $57,380.00. Following the completion of the transaction, the director directly owned 396,375 shares of the company’s stock, valued at $37,655,625. The trade was a 0.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Howard T. Slayen sold 6,819 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $104.73, for a total transaction of $714,153.87. Following the completion of the transaction, the director owned 169,709 shares in the company, valued at approximately $17,773,623.57. This represents a 3.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 57,825 shares of company stock worth $5,517,987 in the last quarter. Insiders own 6.80% of the company’s stock.

Institutional Trading of Aehr Test Systems

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