Brokerages Set Aehr Test Systems (NASDAQ:AEHR) Target Price at $136.67

Aehr Test Systems (NASDAQ:AEHR) has been assigned a consensus recommendation of “Buy” from the seven ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $136.6667.

Several brokerages have weighed in on AEHR. Craig Hallum reaffirmed a “buy” rating and set a $125.00 target price on shares of Aehr Test Systems in a research note on Wednesday, July 15th. Zacks Research raised shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Lake Street Capital restated a “buy” rating and issued a $110.00 price objective on shares of Aehr Test Systems in a report on Wednesday, July 15th. Jefferies Financial Group started coverage on shares of Aehr Test Systems in a report on Thursday, August 13th. They issued a “buy” rating and a $175.00 price objective on the stock. Finally, Wall Street Zen raised shares of Aehr Test Systems from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th.

Aehr Test Systems Stock Performance

Shares of Aehr Test Systems stock opened at $80.81 on Monday. The stock has a 50 day moving average of $92.44 and a 200 day moving average of $77.23. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of -336.69 and a beta of 3.10. Aehr Test Systems has a fifty-two week low of $18.70 and a fifty-two week high of $147.40.

Insider Activity at Aehr Test Systems

In other news, COO Adil Engineer sold 15,000 shares of Aehr Test Systems stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $131.02, for a total value of $1,965,300.00. Following the completion of the sale, the chief operating officer directly owned 46,977 shares of the company’s stock, valued at approximately $6,154,926.54. The trade was a 24.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Howard T. Slayen sold 20,000 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $108.30, for a total value of $2,166,000.00. Following the completion of the sale, the director owned 146,367 shares in the company, valued at $15,851,546.10. This represents a 12.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 109,475 shares of company stock valued at $13,827,160 over the last ninety days. 6.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Aehr Test Systems

Institutional investors have recently bought and sold shares of the company. Advocate Investing Services LLC acquired a new position in shares of Aehr Test Systems in the second quarter worth $26,000. Nykredit A S acquired a new position in Aehr Test Systems during the 2nd quarter worth $28,000. Compagnie Lombard Odier SCmA purchased a new stake in Aehr Test Systems during the 2nd quarter worth about $34,000. KBC Group NV purchased a new stake in Aehr Test Systems during the 1st quarter worth about $30,000. Finally, Sunbelt Securities Inc. purchased a new stake in Aehr Test Systems during the 3rd quarter worth about $27,000. 69.69% of the stock is owned by institutional investors and hedge funds.

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.