Aehr Test Systems (NASDAQ:AEHR) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Aehr Test Systems (NASDAQ:AEHR) from a sell rating to a hold rating in a research report report published on Friday morning.

Separately, Craig Hallum upgraded Aehr Test Systems from a hold rating to a buy rating and upped their price target for the company from $12.00 to $25.00 in a research report on Wednesday, July 17th.

Aehr Test Systems Trading Down 2.9 %

Shares of AEHR stock opened at $12.85 on Friday. The firm’s 50 day moving average is $14.41 and its 200 day moving average is $13.09. The stock has a market capitalization of $371.56 million, a P/E ratio of 24.71 and a beta of 2.05. Aehr Test Systems has a 12 month low of $9.83 and a 12 month high of $48.28.

Aehr Test Systems (NASDAQ:AEHR) last posted its quarterly earnings results on Friday, July 19th. The semiconductor company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.70. Aehr Test Systems had a return on equity of 36.41% and a net margin of 50.07%. The firm had revenue of $16.60 million during the quarter. During the same period in the previous year, the business earned $0.21 earnings per share. On average, equities analysts predict that Aehr Test Systems will post 0.25 EPS for the current year.

Insider Buying and Selling

In related news, Director Fariba Danesh sold 10,000 shares of the business’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $18.59, for a total transaction of $185,900.00. Following the completion of the transaction, the director now directly owns 16,390 shares in the company, valued at $304,690.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Fariba Danesh sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $18.59, for a total value of $185,900.00. Following the sale, the director now directly owns 16,390 shares of the company’s stock, valued at $304,690.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Howard T. Slayen purchased 20,000 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was bought at an average cost of $15.50 per share, with a total value of $310,000.00. Following the purchase, the director now owns 220,714 shares in the company, valued at $3,421,067. The disclosure for this purchase can be found here. 11.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Aehr Test Systems

Hedge funds have recently added to or reduced their stakes in the company. Federated Hermes Inc. increased its position in shares of Aehr Test Systems by 769.7% during the 2nd quarter. Federated Hermes Inc. now owns 1,100,567 shares of the semiconductor company’s stock valued at $12,293,000 after purchasing an additional 974,028 shares during the last quarter. Congress Asset Management Co. MA bought a new stake in Aehr Test Systems in the fourth quarter worth $23,229,000. Baillie Gifford & Co. boosted its position in Aehr Test Systems by 101.6% during the second quarter. Baillie Gifford & Co. now owns 1,670,590 shares of the semiconductor company’s stock valued at $18,660,000 after buying an additional 841,964 shares during the period. Vanguard Group Inc. grew its stake in shares of Aehr Test Systems by 39.0% during the first quarter. Vanguard Group Inc. now owns 2,097,712 shares of the semiconductor company’s stock valued at $26,012,000 after buying an additional 588,953 shares during the last quarter. Finally, Rice Hall James & Associates LLC increased its holdings in shares of Aehr Test Systems by 339.6% in the second quarter. Rice Hall James & Associates LLC now owns 339,756 shares of the semiconductor company’s stock worth $3,795,000 after buying an additional 262,469 shares during the period. Institutional investors own 69.69% of the company’s stock.

About Aehr Test Systems

Aehr Test Systems provides test solutions for testing, burning-in, and semiconductor devices in wafer level, singulated die, and package part form, and installed systems worldwide. Its product portfolio includes FOX-XP and FOX-NP systems that are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize range of devices, including silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices.