Insider Selling: Aehr Test Systems (NASDAQ:AEHR) Insider Sells $1,081,778.68 in Stock

Aehr Test Systems (NASDAQ:AEHR) insider Donald Richmond II sold 15,751 shares of the firm’s stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $68.68, for a total transaction of $1,081,778.68. Following the transaction, the insider owned 199,245 shares in the company, valued at $13,684,146.60. This represents a 7.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Aehr Test Systems Price Performance

NASDAQ AEHR opened at $70.35 on Monday. Aehr Test Systems has a 12 month low of $7.71 and a 12 month high of $72.50. The firm has a market capitalization of $2.21 billion, a PE ratio of -185.12 and a beta of 2.28. The company’s 50 day simple moving average is $37.66 and its 200 day simple moving average is $29.41.

Aehr Test Systems (NASDAQ:AEHR) last posted its quarterly earnings data on Tuesday, April 7th. The semiconductor company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. Aehr Test Systems had a negative net margin of 25.23% and a negative return on equity of 7.15%. The business had revenue of $10.31 million for the quarter, compared to analyst estimates of $10.85 million. Sell-side analysts anticipate that Aehr Test Systems will post 0.1 earnings per share for the current fiscal year.

Key Headlines Impacting Aehr Test Systems

Here are the key news stories impacting Aehr Test Systems this week:

• Positive Sentiment: Record bookings and backlog point to meaningful revenue upside — Aehr reported $37.2M of bookings and a backlog near $50.9M, which investors are interpreting as evidence of material growth in FY2027 and beyond. Why This Semiconductor Equipment Stock Is Up Over 80% This Week
• Positive Sentiment: Large AI & silicon-photonics customer wins — the company has secured a major silicon-photonics customer ordering multiple FOX‑XP wafer‑level burn‑in systems (for qualification and high-volume production), signaling strong demand from AI/data‑center supply chains. Up Over 200% in 2026, What’s Next for AI Stock Aehr Test Systems?
• Positive Sentiment: Earnings outcome mixed but EPS beat — Aehr posted a smaller-than-expected loss (reported EPS -$0.05 vs. -$0.08 expected), which reduced near-term downside and helped trigger a gap-up trade. Q3 2026 Earnings Call Transcript
• Positive Sentiment: Analyst support and continuing buy ratings — some firms (e.g., Craig Hallum upgrade, Lake Street buy confirmation) have maintained or raised bullish views and targets, lending institutional validation to the rally. Lake Street Keeps Their Buy Rating on Aehr Test Systems (AEHR)
• Neutral Sentiment: Momentum and heavy volume — shares have surged YTD (one of the top Russell 3000 performers) and hit all‑time highs on heavy trading; this momentum can prolong gains but also increases volatility. AEHR Is Up 59.5% After AI-Driven Backlog Surges Despite Weak Quarter
• Neutral Sentiment: Short‑interest data is uninformative — recent reporting shows effectively zero reported short interest (data appears anomalous), so short-squeeze dynamics are unclear at this time.
• Negative Sentiment: Revenue miss and execution risk — Q3 revenue of ~$10.3M missed consensus (~$10.85M), a reminder that top‑line execution is still developing even as bookings grow. This red-hot chip stock is falling. Earnings had 1 big miss.
• Negative Sentiment: Valuation risk — market cap has climbed above $2B while FY2026 revenue guidance remains modest (expected <~$50M), and some analysts flag the stock as fully valued; this raises downside risk if growth disappoints. Aehr Test Systems: Strong Prospects But Fully Valued – Hold

Analyst Ratings Changes

AEHR has been the topic of a number of research analyst reports. William Blair upgraded shares of Aehr Test Systems from a “market perform” rating to an “outperform” rating in a research note on Monday, March 2nd. Craig Hallum upgraded shares of Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research report on Wednesday. Lake Street Capital restated a “buy” rating on shares of Aehr Test Systems in a research report on Wednesday. Wall Street Zen upgraded shares of Aehr Test Systems from a “strong sell” rating to a “sell” rating in a research report on Saturday. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Aehr Test Systems in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $68.00.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC grew its position in Aehr Test Systems by 0.8% in the fourth quarter. Millennium Management LLC now owns 59,219 shares of the semiconductor company’s stock worth $1,196,000 after buying an additional 492 shares during the last quarter. State of Wyoming grew its position in Aehr Test Systems by 26.7% in the third quarter. State of Wyoming now owns 2,777 shares of the semiconductor company’s stock worth $84,000 after buying an additional 586 shares during the last quarter. Sunbelt Securities Inc. acquired a new position in Aehr Test Systems in the third quarter worth approximately $27,000. Jones Financial Companies Lllp grew its position in Aehr Test Systems by 3,448.3% in the third quarter. Jones Financial Companies Lllp now owns 1,029 shares of the semiconductor company’s stock worth $31,000 after buying an additional 1,000 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Aehr Test Systems by 7.9% in the second quarter. JPMorgan Chase & Co. now owns 15,576 shares of the semiconductor company’s stock worth $201,000 after buying an additional 1,145 shares during the last quarter. Institutional investors and hedge funds 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.