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

Shares of Aehr Test Systems (NASDAQ:AEHR) have been assigned an average rating of “Hold” from the five analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $21.00.

Several equities research analysts recently weighed in on AEHR shares. Weiss Ratings restated a “sell (d)” rating on shares of Aehr Test Systems in a research report on Wednesday, January 21st. William Blair upgraded shares of Aehr Test Systems from a “market perform” rating to an “outperform” rating in a research report on Monday, March 2nd. Zacks Research upgraded shares of Aehr Test Systems from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Lake Street Capital started coverage on shares of Aehr Test Systems in a research report on Wednesday, December 17th. They set a “buy” rating on the stock. Finally, Craig Hallum reaffirmed a “hold” rating on shares of Aehr Test Systems in a report on Friday, January 9th.

Insider Buying and Selling

In other Aehr Test Systems news, Director Rhea J. Posedel sold 13,998 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $30.02, for a total transaction of $420,219.96. Following the sale, the director directly owned 456,979 shares in the company, valued at $13,718,509.58. This represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, 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 sale, the director directly owned 18,432 shares of the company’s stock, valued at $578,764.80. The trade was a 19.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 6.80% of the company’s stock.

Institutional Trading of Aehr Test Systems

Institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd bought a new position in Aehr Test Systems during the fourth quarter valued at $25,000. Sunbelt Securities Inc. bought a new stake in shares of Aehr Test Systems in the 3rd quarter worth about $27,000. State of Wyoming bought a new stake in shares of Aehr Test Systems in the 2nd quarter worth about $28,000. Jones Financial Companies Lllp boosted its stake in shares of Aehr Test Systems by 3,448.3% during 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 during the period. Finally, RiverPark Advisors LLC purchased a new position in shares of Aehr Test Systems during the 3rd quarter worth about $42,000. 69.69% of the stock is currently owned by institutional investors.

Aehr Test Systems Stock Performance

Shares of Aehr Test Systems stock opened at $32.52 on Friday. The firm has a market cap of $996.09 million, a PE ratio of -108.40 and a beta of 2.22. The stock has a 50 day moving average of $33.27 and a 200 day moving average of $27.99. Aehr Test Systems has a 12 month low of $6.27 and a 12 month high of $46.95.

Aehr Test Systems (NASDAQ:AEHR) last released its quarterly earnings data on Thursday, January 8th. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.04. The business had revenue of $9.88 million for the quarter, compared to the consensus estimate 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, equities research analysts forecast that Aehr Test Systems will post 0.1 earnings per share for the current fiscal year.

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.