Brokerages Set Aehr Test Systems (NASDAQ:AEHR) PT at $68.00

Shares of Aehr Test Systems (NASDAQ:AEHR) have received an average recommendation of “Hold” from the five brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $68.00.

Several research analysts have weighed in on AEHR shares. William Blair upgraded shares of Aehr Test Systems from a “market perform” rating to an “outperform” rating in a research note on Monday, March 2nd. Wall Street Zen lowered shares of Aehr Test Systems from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. Weiss Ratings upgraded shares of Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Lake Street Capital reiterated a “buy” rating on shares of Aehr Test Systems in a research note on Wednesday, April 8th. Finally, Craig Hallum upgraded shares of Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Wednesday, April 8th.

Insider Transactions at Aehr Test Systems

In other Aehr Test Systems news, insider Donald P. Richmond II sold 17,011 shares of the company’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $73.18, for a total value of $1,244,864.98. Following the transaction, the insider owned 181,512 shares in the company, valued at approximately $13,283,048.16. This represents a 8.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Alberto Salamone sold 15,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 63,025 shares in the company, valued at approximately $5,645,149.25. This represents a 19.22% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 375,005 shares of company stock worth $28,656,178. 6.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AEHR. William Blair Investment Management LLC acquired a new position in shares of Aehr Test Systems during the 3rd quarter worth $26,920,000. Wellington Management Group LLP increased its stake in shares of Aehr Test Systems by 129.9% during the 4th quarter. Wellington Management Group LLP now owns 830,664 shares of the semiconductor company’s stock worth $16,771,000 after purchasing an additional 469,400 shares during the last quarter. Invesco Ltd. increased its stake in shares of Aehr Test Systems by 1,137.2% during the 3rd quarter. Invesco Ltd. now owns 366,570 shares of the semiconductor company’s stock worth $11,037,000 after purchasing an additional 336,940 shares during the last quarter. Next Century Growth Investors LLC increased its stake in shares of Aehr Test Systems by 99.9% during the 4th quarter. Next Century Growth Investors LLC now owns 552,506 shares of the semiconductor company’s stock worth $11,155,000 after purchasing an additional 276,160 shares during the last quarter. Finally, Halter Ferguson Financial Inc. increased its stake 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. Institutional investors and hedge funds own 69.69% of the company’s stock.

Aehr Test Systems Price Performance

AEHR stock opened at $95.02 on Friday. Aehr Test Systems has a 52-week low of $8.53 and a 52-week high of $108.75. The company’s 50 day simple moving average is $69.18 and its 200-day simple moving average is $41.65. The firm has a market capitalization of $2.99 billion, a P/E ratio of -250.05 and a beta of 3.26.

Aehr Test Systems (NASDAQ:AEHR) last released its quarterly earnings results on Tuesday, April 7th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, beating 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 business had revenue of $10.31 million for the quarter, compared to analyst estimates of $10.85 million. Sell-side analysts predict that Aehr Test Systems will post -0.31 EPS for the current fiscal year.

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.