StockNews.com Downgrades Aehr Test Systems (NASDAQ:AEHR) to Sell

Posted by Defense World Staff on May 20th, 2023

Aehr Test Systems (NASDAQ:AEHR – Get Rating) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Saturday.

A number of other equities analysts have also issued reports on the stock. Craig Hallum boosted their target price on shares of Aehr Test Systems from $31.00 to $45.00 in a research report on Friday, January 20th. TheStreet lowered shares of Aehr Test Systems from a “b-” rating to a “c+” rating in a research report on Monday, April 3rd.

Aehr Test Systems Trading Up 3.4 %

Shares of Aehr Test Systems stock opened at $32.96 on Friday. The firm has a fifty day simple moving average of $29.96 and a 200-day simple moving average of $28.33. Aehr Test Systems has a 1-year low of $6.71 and a 1-year high of $40.69. The stock has a market capitalization of $934.02 million, a price-to-earnings ratio of 67.27 and a beta of 1.97.

Aehr Test Systems (NASDAQ:AEHR – Get Rating) last announced its earnings results on Thursday, March 30th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Aehr Test Systems had a return on equity of 24.98% and a net margin of 22.61%. The company had revenue of $17.21 million for the quarter, compared to the consensus estimate of $17.00 million. During the same period last year, the firm posted $0.11 EPS. As a group, research analysts predict that Aehr Test Systems will post 0.46 earnings per share for the current year.

Insider Buying and Selling at Aehr Test Systems

In other Aehr Test Systems news, VP Alistair N. Sporck sold 960 shares of the business’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $27.08, for a total value of $25,996.80. Following the sale, the vice president now owns 12,651 shares of the company’s stock, valued at approximately $342,589.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Aehr Test Systems news, VP Alistair N. Sporck sold 960 shares of the business’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $27.08, for a total value of $25,996.80. Following the sale, the vice president now owns 12,651 shares of the company’s stock, valued at approximately $342,589.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Kenneth B. Spink sold 25,000 shares of the business’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $35.22, for a total transaction of $880,500.00. Following the completion of the sale, the chief financial officer now directly owns 99,880 shares in the company, valued at approximately $3,517,773.60. The disclosure for this sale can be found here. Insiders have sold 105,960 shares of company stock valued at $3,752,797 in the last 90 days. 11.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Aehr Test Systems

Several institutional investors and hedge funds have recently made changes to their positions in the company. Driehaus Capital Management LLC lifted its position in Aehr Test Systems by 217.1% during the 4th quarter. Driehaus Capital Management LLC now owns 891,616 shares of the semiconductor company’s stock worth $17,921,000 after buying an additional 610,425 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in Aehr Test Systems by 114.1% during the 4th quarter. Point72 Asset Management L.P. now owns 721,646 shares of the semiconductor company’s stock worth $14,505,000 after acquiring an additional 384,636 shares during the last quarter. Oberweis Asset Management Inc. raised its holdings in Aehr Test Systems by 190.0% during the 3rd quarter. Oberweis Asset Management Inc. now owns 508,339 shares of the semiconductor company’s stock worth $7,168,000 after buying an additional 333,039 shares during the period. Dimensional Fund Advisors LP raised its holdings in Aehr Test Systems by 2,389.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 328,192 shares of the semiconductor company’s stock worth $10,185,000 after buying an additional 315,009 shares during the period. Finally, Next Century Growth Investors LLC acquired a new stake in Aehr Test Systems during the 1st quarter worth approximately $8,952,000. Institutional investors and hedge funds own 42.97% of the company’s stock.

About Aehr Test Systems

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Aehr Test Systems engages in the design, manufacture and marketing of test and burn-in products to the semiconductor manufacturing industry. Its products include wafer contact test systems, test during burn-in systems, test fixtures and die carriers. The company was founded by Rhea J. Posedel on May 25, 1977 and is headquartered in Fremont, CA.