StockNews.com Lowers Aehr Test Systems (NASDAQ:AEHR) to Sell

Aehr Test Systems (NASDAQ:AEHR) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Thursday.

A number of other equities research analysts have also issued reports on the company. Craig Hallum reaffirmed a “hold” rating and set a $12.00 target price on shares of Aehr Test Systems in a research report on Tuesday, March 26th. William Blair reaffirmed a “market perform” rating on shares of Aehr Test Systems in a research report on Monday, March 25th.

Aehr Test Systems Stock Performance

Shares of AEHR stock opened at $11.70 on Thursday. Aehr Test Systems has a 1 year low of $10.53 and a 1 year high of $54.10. The stock has a fifty day moving average of $14.96 and a two-hundred day moving average of $23.00. The firm has a market capitalization of $337.55 million, a PE ratio of 22.50 and a beta of 1.97.

Aehr Test Systems (NASDAQ:AEHR) last posted its quarterly earnings data on Tuesday, January 9th. The semiconductor company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. Aehr Test Systems had a return on equity of 19.02% and a net margin of 21.43%. The company had revenue of $21.43 million for the quarter, compared to the consensus estimate of $20.10 million. Equities research analysts predict that Aehr Test Systems will post 0.39 earnings per share for the current fiscal year.

Insider Buying and Selling at Aehr Test Systems

In other Aehr Test Systems news, CEO Gayn Erickson sold 4,871 shares of the business’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $17.39, for a total value of $84,706.69. Following the transaction, the chief executive officer now owns 427,935 shares in the company, valued at $7,441,789.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 8,738 shares of company stock worth $151,723 over the last 90 days. 11.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Aehr Test Systems

Several hedge funds have recently added to or reduced their stakes in the business. Lazard Asset Management LLC acquired a new position in Aehr Test Systems in the 4th quarter valued at approximately $34,000. IFP Advisors Inc raised its holdings in Aehr Test Systems by 141.3% in the 3rd quarter. IFP Advisors Inc now owns 823 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 482 shares in the last quarter. Deutsche Bank AG acquired a new position in Aehr Test Systems in the 1st quarter valued at approximately $40,000. PNC Financial Services Group Inc. raised its holdings in Aehr Test Systems by 93.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,158 shares of the semiconductor company’s stock valued at $48,000 after acquiring an additional 558 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Aehr Test Systems by 1,027.1% in the 1st quarter. JPMorgan Chase & Co. now owns 1,578 shares of the semiconductor company’s stock worth $49,000 after buying an additional 1,438 shares in the last quarter. Institutional investors own 69.69% of the company’s stock.

Aehr Test Systems Company Profile

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.