Aehr Test Systems (NASDAQ:AEHR) Stock Price Down 5.1% – What’s Next?

Aehr Test Systems (NASDAQ:AEHR)’s share price traded down 5.1% during trading on Friday . The stock traded as low as $29.08 and last traded at $29.3420. 143,092 shares traded hands during trading, a decline of 89% from the average session volume of 1,321,910 shares. The stock had previously closed at $30.91.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Lake Street Capital assumed coverage on Aehr Test Systems in a research report on Wednesday, December 17th. They issued a “buy” rating on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Aehr Test Systems in a report on Wednesday. Craig Hallum restated a “hold” rating on shares of Aehr Test Systems in a research note on Friday, January 9th. Finally, Zacks Research upgraded shares of Aehr Test Systems from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $21.00.

Aehr Test Systems Price Performance

The business has a 50 day simple moving average of $23.62 and a 200 day simple moving average of $23.59. The company has a market cap of $858.87 million, a price-to-earnings ratio of -93.46 and a beta of 2.33.

Aehr Test Systems (NASDAQ:AEHR) last announced its earnings results on Thursday, January 8th. The semiconductor company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.04. The company had revenue of $9.88 million during the quarter, compared to analyst estimates of $11.45 million. Aehr Test Systems had a negative return on equity of 4.57% and a negative net margin of 16.63%. As a group, sell-side analysts anticipate that Aehr Test Systems will post 0.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Aehr Test Systems

In other news, Director Howard T. Slayen sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $25.73, for a total transaction of $154,380.00. Following the transaction, the director directly owned 218,328 shares in the company, valued at approximately $5,617,579.44. This represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Aehr Test Systems

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Aehr Test Systems by 2.9% in the third quarter. Vanguard Group Inc. now owns 2,288,190 shares of the semiconductor company’s stock worth $68,897,000 after purchasing an additional 65,444 shares during the period. William Blair Investment Management LLC bought a new position in shares of Aehr Test Systems in the 3rd quarter valued at about $26,920,000. Geode Capital Management LLC grew its position 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 worth $8,775,000 after buying an additional 8,658 shares during the period. Halter Ferguson Financial Inc. raised its stake in shares of Aehr Test Systems by 3.0% during the third quarter. Halter Ferguson Financial Inc. now owns 453,012 shares of the semiconductor company’s stock worth $13,640,000 after buying an additional 13,298 shares during the last quarter. Finally, Kennedy Capital Management LLC acquired a new position in Aehr Test Systems in the second quarter valued at approximately $5,751,000. 69.69% of the stock is owned by institutional investors and hedge funds.

Aehr Test Systems Company Profile

Aehr Test Systems develops, manufactures and sells semiconductor test and burn-in equipment used by device manufacturers to ensure quality and reliability of integrated circuits. Its products are designed for wafer-level reliability assessment, functional test and stress screening of memory devices, system-on-chips, optical components and power semiconductors. By focusing on wafer-level burn-in and testing processes, the company helps reduce cost and improve yield for high-volume semiconductor production.

The company’s product portfolio includes FOX series wafer probe test and burn-in systems as well as ABTS burn-in ovens.