Aehr Test Systems (NASDAQ:AEHR) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Aehr Test Systems (NASDAQ:AEHR) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $19.34 and traded as high as $20.37. Aehr Test Systems shares last traded at $19.74, with a volume of 786,752 shares traded.

Analysts Set New Price Targets

A number of research firms recently commented on AEHR. Craig Hallum downgraded shares of Aehr Test Systems from a “buy” rating to a “hold” rating and set a $24.00 target price on the stock. in a report on Tuesday, October 7th. Zacks Research cut Aehr Test Systems from a “hold” rating to a “strong sell” rating in a report on Thursday, October 9th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Aehr Test Systems in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Aehr Test Systems has a consensus rating of “Sell” and a consensus price target of $24.00.

Aehr Test Systems Trading Down 1.6%

The stock has a market capitalization of $592.34 million, a PE ratio of -89.73 and a beta of 2.41. The firm’s 50-day simple moving average is $26.83 and its two-hundred day simple moving average is $19.34.

Aehr Test Systems (NASDAQ:AEHR) last released its earnings results on Monday, October 6th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. The company had revenue of $11.00 million during the quarter, compared to analyst estimates of $13.69 million. Aehr Test Systems had a negative return on equity of 2.41% and a negative net margin of 11.71%.During the same quarter in the prior year, the company earned $0.07 earnings per share. As a group, research analysts expect that Aehr Test Systems will post 0.1 earnings per share for the current year.

Insider Transactions at Aehr Test Systems

In other Aehr Test Systems news, Director Howard T. Slayen sold 6,000 shares of Aehr Test Systems stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $25.73, for a total transaction of $154,380.00. Following the transaction, the director owned 218,328 shares of the company’s stock, valued at $5,617,579.44. The trade was a 2.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Fariba Danesh sold 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 9th. The stock was sold at an average price of $24.79, for a total transaction of $223,110.00. Following the sale, the director owned 16,643 shares of the company’s stock, valued at approximately $412,579.97. This represents a 35.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Aehr Test Systems

A number of hedge funds have recently modified their holdings of AEHR. Vanguard Group Inc. boosted its position in Aehr Test Systems by 2.9% during the third quarter. Vanguard Group Inc. now owns 2,288,190 shares of the semiconductor company’s stock valued at $68,897,000 after purchasing an additional 65,444 shares during the last quarter. AWM Investment Company Inc. raised its stake in shares of Aehr Test Systems by 28.1% during the 1st quarter. AWM Investment Company Inc. now owns 1,587,936 shares of the semiconductor company’s stock worth $11,576,000 after purchasing an additional 348,737 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in shares of Aehr Test Systems during the 3rd quarter worth about $26,920,000. Geode Capital Management LLC lifted its holdings in shares of Aehr Test Systems by 1.3% during the 2nd quarter. Geode Capital Management LLC now owns 678,546 shares of the semiconductor company’s stock valued at $8,775,000 after buying an additional 8,658 shares during the last quarter. Finally, Halter Ferguson Financial Inc. grew its stake in shares of Aehr Test Systems by 3.0% in the 3rd quarter. Halter Ferguson Financial Inc. now owns 453,012 shares of the semiconductor company’s stock valued at $13,640,000 after buying an additional 13,298 shares in the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

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.