Aehr Test Systems (NASDAQ:AEHR) Trading Down 5.6% – Should You Sell?

Aehr Test Systems (NASDAQ:AEHR) dropped 5.6% during trading on Monday . The stock traded as low as $76.35 and last traded at $76.5250. Approximately 1,478,189 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 2,387,217 shares. The stock had previously closed at $81.05.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on AEHR shares. Wall Street Zen raised shares of Aehr Test Systems from a “sell” rating to a “hold” rating in a report on Saturday. Zacks Research upgraded shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Lake Street Capital reiterated a “buy” rating and issued a $110.00 price objective on shares of Aehr Test Systems in a report on Wednesday, July 15th. Craig Hallum reiterated a “buy” rating and set a $125.00 price objective on shares of Aehr Test Systems in a research note on Wednesday, July 15th. Finally, Weiss Ratings downgraded Aehr Test Systems from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $117.50.

Aehr Test Systems Price Performance

The stock has a market capitalization of $3.11 billion, a PE ratio of -412.11 and a beta of 3.17. The company’s 50 day moving average price is $93.60 and its two-hundred day moving average price is $62.82.

Insider Buying and Selling

In other Aehr Test Systems news, Director Howard T. Slayen sold 6,819 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $104.73, for a total value of $714,153.87. Following the transaction, the director directly owned 169,709 shares of the company’s stock, valued at $17,773,623.57. This trade represents a 3.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Aehr Test Systems

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its stake in Aehr Test Systems by 129.9% during the fourth quarter. Wellington Management Group LLP now owns 830,664 shares of the semiconductor company’s stock worth $16,771,000 after buying an additional 469,400 shares during the last quarter. Invesco Ltd. increased its stake in shares of Aehr Test Systems by 1,137.2% in the 3rd quarter. Invesco Ltd. now owns 366,570 shares of the semiconductor company’s stock worth $11,037,000 after acquiring 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% in the 4th quarter. Next Century Growth Investors LLC now owns 552,506 shares of the semiconductor company’s stock worth $11,155,000 after acquiring an additional 276,160 shares during the last quarter. Halter Ferguson Financial Inc. raised its holdings 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 acquiring an additional 189,117 shares during the period. Finally, Squarepoint Ops LLC raised its holdings in shares of Aehr Test Systems by 1,321.9% during the 4th quarter. Squarepoint Ops LLC now owns 100,199 shares of the semiconductor company’s stock worth $2,023,000 after acquiring an additional 108,399 shares during the period. Institutional investors and hedge funds own 69.69% of the company’s stock.

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.