William Blair Analysts Lift Earnings Estimates for Aehr Test Systems (NASDAQ:AEHR)

Aehr Test Systems (NASDAQ:AEHR) – William Blair boosted their FY2024 earnings per share (EPS) estimates for Aehr Test Systems in a note issued to investors on Wednesday, April 10th. William Blair analyst J. Dorsheimer now forecasts that the semiconductor company will post earnings of $0.40 per share for the year, up from their prior forecast of $0.39. William Blair has a “Market Perform” rating on the stock. The consensus estimate for Aehr Test Systems’ current full-year earnings is $0.40 per share.

A number of other research firms have also recently issued reports on AEHR. StockNews.com cut Aehr Test Systems from a “hold” rating to a “sell” rating in a research report on Thursday. Craig Hallum reiterated a “hold” rating and issued a $12.00 target price on shares of Aehr Test Systems in a research report on Tuesday, March 26th.

Aehr Test Systems Stock Down 1.1 %

Aehr Test Systems stock opened at $11.70 on Monday. Aehr Test Systems has a 12-month low of $10.53 and a 12-month high of $54.10. The business’s 50-day moving average price is $14.90 and its two-hundred day moving average price is $22.47. The stock has a market cap of $338.31 million, a PE ratio of 22.50 and a beta of 1.97.

Institutional Trading of Aehr Test Systems

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Ameriprise Financial Inc. acquired a new position in shares of Aehr Test Systems in the first quarter worth approximately $42,623,000. BlackRock Inc. lifted its stake in shares of Aehr Test Systems by 253.4% in the second quarter. BlackRock Inc. now owns 1,830,555 shares of the semiconductor company’s stock worth $75,510,000 after acquiring an additional 1,312,565 shares during the period. Congress Asset Management Co. MA acquired a new position in shares of Aehr Test Systems in the fourth quarter worth approximately $23,229,000. Baillie Gifford & Co. lifted its stake in shares of Aehr Test Systems by 10,714.9% in the fourth quarter. Baillie Gifford & Co. now owns 662,307 shares of the semiconductor company’s stock worth $17,571,000 after acquiring an additional 656,183 shares during the period. Finally, Lord Abbett & CO. LLC lifted its stake in shares of Aehr Test Systems by 141.6% in the third quarter. Lord Abbett & CO. LLC now owns 953,674 shares of the semiconductor company’s stock worth $43,583,000 after acquiring an additional 558,908 shares during the period. 69.69% of the stock is currently owned by institutional investors.

Insider Transactions at Aehr Test Systems

In other 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 transaction of $84,706.69. Following the sale, the chief executive officer now directly owns 427,935 shares in the company, valued at $7,441,789.65. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last three months, insiders have sold 8,738 shares of company stock worth $151,723. Insiders own 11.30% 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.