Aehr Test Systems (NASDAQ:AEHR) Stock Gets Price Target Reduction from Lake Street Capital

Aehr Test Systems (NASDAQ:AEHR) had its price objective trimmed by Lake Street Capital from $110.00 to $90.00 in a research note published on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

Other equities analysts have also issued research reports about the company. 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. Wall Street Zen upgraded Aehr Test Systems from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Freedom Capital upgraded Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Zacks Research lowered Aehr Test Systems from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. Finally, Oppenheimer began coverage on Aehr Test Systems in a research report on Thursday, September 10th. They set an “outperform” rating and a $120.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $118.75.

Aehr Test Systems Price Performance

Shares of Aehr Test Systems stock opened at $49.16 on Tuesday. The firm has a fifty day moving average price of $80.50 and a 200 day moving average price of $74.37. Aehr Test Systems has a 1 year low of $18.70 and a 1 year high of $147.40.

Aehr Test Systems (NASDAQ:AEHR) last posted its earnings results on Monday, November 2nd. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.17. Aehr Test Systems had a negative net margin of 14.25% and a negative return on equity of 3.83%. The company had revenue of $33.01 million during the quarter, compared to the consensus estimate of $27.53 million. As a group, equities analysts expect that Aehr Test Systems will post 0.45 EPS for the current year.

Insider Transactions at Aehr Test Systems

In related news, COO Adil Engineer sold 15,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $131.02, for a total transaction of $1,965,300.00. Following the sale, the chief operating officer owned 46,977 shares in the company, valued at approximately $6,154,926.54. This trade represents a 24.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Rhea J. Posedel sold 8,413 shares of Aehr Test Systems stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $130.00, for a total transaction of $1,093,690.00. Following the completion of the transaction, the director directly owned 387,962 shares of the company’s stock, valued at $50,435,060. The trade was a 2.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 87,475 shares of company stock worth $11,459,240. Insiders own 4.60% of the company’s stock.

Institutional Investors Weigh In On Aehr Test Systems

Hedge funds have recently modified their holdings of the company. Fifth Third Bancorp acquired a new stake in Aehr Test Systems in the 3rd quarter valued at $28,000. Lisanti Capital Growth LLC purchased a new stake in Aehr Test Systems in the 3rd quarter worth $3,626,000. Knights of Columbus Asset Advisors LLC purchased a new stake in Aehr Test Systems in the 3rd quarter worth $2,149,000. Keybank National Association OH purchased a new stake in Aehr Test Systems in the 3rd quarter worth $205,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Aehr Test Systems during the third quarter worth $3,203,000. 69.69% of the stock is owned by hedge funds and other institutional investors.

Aehr Test Systems News Roundup

Here are the key news stories impacting Aehr Test Systems this week:

• Positive Sentiment: Aehr reported earnings of $0.28 per share, above the $0.11 analyst consensus, and revenue of $33.01 million, ahead of the $27.53 million estimate. The company also swung to a profit and raised guidance, prompting an initial rally in the shares. MarketWatch earnings report
• Positive Sentiment: Management cited demand tied to AI-related applications as a growth driver. That demand, alongside the earnings beat and higher outlook, supports the longer-term business case. Seeking Alpha article on AI demand
• Neutral Sentiment: AEHR initially surged following the results, but has since given back some gains. The reversal may reflect profit-taking after the sharp move, alongside investors weighing the improved outlook against analyst valuation concerns. Article on shares gapping up
• Negative Sentiment: Jefferies Financial Group cut its price target, and other coverage noted lower valuation assumptions. These reductions could temper enthusiasm despite the strong quarterly results and raised guidance. Article on Jefferies price-target cut

Aehr Test Systems Company Profile

Aehr Test Systems (NASDAQ: AEHR) develops and manufactures test and burn-in equipment used to qualify and screen semiconductor devices. Its systems are designed to identify manufacturing defects and reliability issues before chips are shipped to customers, helping semiconductor manufacturers improve production yields and product quality.

The company’s product portfolio includes the FOX family of semiconductor test systems, including the FOX-XP, FOX-NP and FOX-1P platforms. Aehr also provides wafer contactors, DiePak carriers and related test fixtures and software.