Aehr Test Systems (AEHR) – What Are Brokerages Thinking About This Stock?

Shares of Aehr Test Systems (NASDAQ:AEHR) have been assigned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $132.50.

AEHR has been the subject of several research analyst reports. Freedom Capital upgraded Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Weiss Ratings cut shares of Aehr Test Systems from a “sell (d)” rating to a “sell (e+)” rating in a research note on Wednesday, July 29th. Lake Street Capital reaffirmed a “buy” rating and set a $110.00 price target on shares of Aehr Test Systems in a report on Wednesday, July 15th. Oppenheimer assumed coverage on shares of Aehr Test Systems in a research note on Thursday, September 10th. They issued an “outperform” rating and a $120.00 price target for the company. Finally, Craig Hallum restated a “buy” rating and set a $125.00 price objective on shares of Aehr Test Systems in a research report on Wednesday, July 15th.

Insider Activity at Aehr Test Systems

In other Aehr Test Systems news, COO Adil Engineer sold 15,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer directly owned 46,977 shares of the company’s stock, valued at approximately $6,154,926.54. This trade represents a 24.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Laura Oliphant sold 1,717 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $133.00, for a total value of $228,361.00. Following the sale, the director owned 16,100 shares of the company’s stock, valued at approximately $2,141,300. This represents a 9.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 109,475 shares of company stock valued at $13,827,160 in the last 90 days. 4.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Aehr Test Systems

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Advocate Investing Services LLC purchased a new stake in Aehr Test Systems in the 2nd quarter worth approximately $26,000. Nykredit A S bought a new position in shares of Aehr Test Systems during the second quarter worth $28,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Aehr Test Systems during the second quarter valued at about $34,000. KBC Group NV bought a new stake in Aehr Test Systems in the 1st quarter worth approximately $30,000. Finally, Tema ETFs LLC purchased a new stake in Aehr Test Systems during the second quarter valued at $89,000. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Aehr Test Systems Stock Performance

Shares of NASDAQ AEHR opened at $78.18 on Tuesday. The firm’s 50 day moving average price is $97.87 and its 200-day moving average price is $89.28. Aehr Test Systems has a 52-week low of $18.70 and a 52-week high of $147.40. The company has a market cap of $2.55 billion, a PE ratio of -325.74 and a beta of 3.47.

About Aehr Test Systems

Aehr Test Systems (NASDAQ: AEHR) develops and manufactures test and burn-in equipment used by semiconductor manufacturers. Its systems are designed to identify reliability issues and manufacturing defects in integrated circuits, including devices tested at the wafer, die, and packaged-device levels.

The company’s product portfolio includes the FOX family of test and burn-in systems, WaferPak wafer-level test fixtures, and DiePak carriers for testing individual semiconductor dies. These solutions are used in the production of silicon carbide power semiconductors, silicon photonics devices, memory products, and other advanced semiconductor components.

Founded in 1977 and headquartered in Fremont, California, Aehr Test Systems serves semiconductor manufacturers and suppliers worldwide.