Aehr Test Systems (NASDAQ:AEHR) Receives $21.00 Average Target Price from Brokerages

Shares of Aehr Test Systems (NASDAQ:AEHR) have earned a consensus rating of “Hold” from the five ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $21.00.

A number of research analysts have recently weighed in on the stock. Craig Hallum reissued a “hold” rating on shares of Aehr Test Systems in a research report on Friday, January 9th. William Blair raised Aehr Test Systems from a “market perform” rating to an “outperform” rating in a report on Monday. Lake Street Capital assumed coverage on Aehr Test Systems in a research note on Wednesday, December 17th. They issued a “buy” rating on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Aehr Test Systems in a research report on Wednesday, January 21st. Finally, Zacks Research raised Aehr Test Systems from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th.

Aehr Test Systems Trading Up 2.4%

AEHR stock opened at $42.66 on Monday. The stock has a market cap of $1.31 billion, a P/E ratio of -142.20 and a beta of 2.22. The stock’s fifty day simple moving average is $28.52 and its two-hundred day simple moving average is $26.26. Aehr Test Systems has a 1-year low of $6.27 and a 1-year high of $46.95.

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

Insider Buying and Selling

In related news, Director Laura Oliphant sold 4,546 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $31.40, for a total value of $142,744.40. Following the completion of the transaction, the director directly owned 18,432 shares of the company’s stock, valued at approximately $578,764.80. This trade represents a 19.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rhea J. Posedel sold 13,998 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $30.02, for a total value of $420,219.96. Following the sale, the director owned 456,979 shares in the company, valued at approximately $13,718,509.58. This represents a 2.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd bought a new stake in shares of Aehr Test Systems during the fourth quarter valued at about $25,000. Sunbelt Securities Inc. bought a new stake in Aehr Test Systems during the 3rd quarter worth approximately $27,000. State of Wyoming purchased a new stake in Aehr Test Systems in the 2nd quarter worth approximately $28,000. Jones Financial Companies Lllp lifted its stake in Aehr Test Systems by 3,448.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,029 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 1,000 shares in the last quarter. Finally, RiverPark Advisors LLC bought a new position in Aehr Test Systems in the 3rd quarter valued at $42,000. Institutional investors own 69.69% of the company’s stock.

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.