Aehr Test Systems (NASDAQ:AEHR) Lifted to “Hold” at StockNews.com

StockNews.com upgraded shares of Aehr Test Systems (NASDAQ:AEHR) from a sell rating to a hold rating in a report issued on Friday.

Separately, Craig Hallum raised shares of Aehr Test Systems from a hold rating to a buy rating and lifted their price objective for the stock from $12.00 to $25.00 in a report on Wednesday, July 17th.

Aehr Test Systems Trading Up 0.8 %

NASDAQ AEHR opened at $13.23 on Friday. The company has a fifty day simple moving average of $14.41 and a 200 day simple moving average of $13.10. Aehr Test Systems has a 12-month low of $9.83 and a 12-month high of $48.28. The company has a market cap of $382.55 million, a P/E ratio of 25.44 and a beta of 2.05.

Aehr Test Systems (NASDAQ:AEHR) last posted its quarterly earnings data on Friday, July 19th. The semiconductor company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.70. The firm had revenue of $16.60 million for the quarter. Aehr Test Systems had a net margin of 50.07% and a return on equity of 36.41%. During the same period in the prior year, the firm earned $0.21 earnings per share. Sell-side analysts predict that Aehr Test Systems will post 0.25 EPS for the current year.

Insiders Place Their Bets

In other Aehr Test Systems news, Director Howard T. Slayen bought 20,000 shares of the stock in a transaction dated Friday, August 2nd. The shares were bought at an average cost of $15.50 per share, for a total transaction of $310,000.00. Following the purchase, the director now directly owns 220,714 shares of the company’s stock, valued at approximately $3,421,067. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. In other Aehr Test Systems news, Director Howard T. Slayen bought 20,000 shares of the stock in a transaction dated Friday, August 2nd. The shares were bought at an average cost of $15.50 per share, for a total transaction of $310,000.00. Following the purchase, the director now directly owns 220,714 shares of the company’s stock, valued at approximately $3,421,067. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Fariba Danesh sold 10,000 shares of Aehr Test Systems stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $18.59, for a total value of $185,900.00. Following the sale, the director now owns 16,390 shares in the company, valued at $304,690.10. The disclosure for this sale can be found here. Insiders own 11.30% of the company’s stock.

Institutional Investors Weigh In On Aehr Test Systems

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Aehr Test Systems by 39.0% during the 1st quarter. Vanguard Group Inc. now owns 2,097,712 shares of the semiconductor company’s stock worth $26,012,000 after purchasing an additional 588,953 shares during the period. Baillie Gifford & Co. raised its stake in Aehr Test Systems by 101.6% in the 2nd quarter. Baillie Gifford & Co. now owns 1,670,590 shares of the semiconductor company’s stock valued at $18,660,000 after acquiring an additional 841,964 shares during the period. Federated Hermes Inc. raised its stake in Aehr Test Systems by 769.7% in the 2nd quarter. Federated Hermes Inc. now owns 1,100,567 shares of the semiconductor company’s stock valued at $12,293,000 after acquiring an additional 974,028 shares during the period. Congress Asset Management Co. MA bought a new stake in Aehr Test Systems in the 4th quarter valued at about $23,229,000. Finally, Rice Hall James & Associates LLC raised its stake in Aehr Test Systems by 339.6% in the 2nd quarter. Rice Hall James & Associates LLC now owns 339,756 shares of the semiconductor company’s stock valued at $3,795,000 after acquiring an additional 262,469 shares during the period. 69.69% of the stock is currently owned by institutional investors.

Aehr Test Systems Company Profile

Aehr Test Systems provides test solutions for testing, burning-in, and semiconductor devices in wafer level, singulated die, and package part form, and installed systems worldwide. Its product portfolio includes FOX-XP and FOX-NP systems that are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize range of devices, including silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices.