Aehr Test Systems (NASDAQ:AEHR) Shares Cross Below 200 Day Moving Average of $15.72

Aehr Test Systems (NASDAQ:AEHR) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $15.72 and traded as low as $10.15. Aehr Test Systems shares last traded at $10.48, with a volume of 1,030,104 shares.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Craig Hallum restated a “hold” rating and set a $12.00 price target on shares of Aehr Test Systems in a research report on Tuesday, March 26th. StockNews.com lowered Aehr Test Systems from a “hold” rating to a “sell” rating in a research note on Thursday, April 11th. Finally, William Blair reiterated a “market perform” rating on shares of Aehr Test Systems in a research report on Monday, March 25th.

Aehr Test Systems Stock Performance

The company’s 50-day simple moving average is $11.71 and its two-hundred day simple moving average is $15.72. The firm has a market cap of $303.03 million, a PE ratio of 20.15 and a beta of 2.01.

Aehr Test Systems (NASDAQ:AEHR) last released its quarterly earnings data on Tuesday, April 9th. The semiconductor company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.01. Aehr Test Systems had a return on equity of 18.70% and a net margin of 21.43%. The business had revenue of $7.56 million during the quarter, compared to analysts’ expectations of $7.60 million. On average, analysts expect that Aehr Test Systems will post 0.4 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. purchased a new position in Aehr Test Systems during the 1st quarter valued at about $109,000. Kennedy Capital Management LLC purchased a new stake in shares of Aehr Test Systems in the 1st quarter worth approximately $1,136,000. Silvercrest Asset Management Group LLC increased its position in Aehr Test Systems by 4.5% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 148,431 shares of the semiconductor company’s stock valued at $1,841,000 after buying an additional 6,414 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Aehr Test Systems by 6.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,018 shares of the semiconductor company’s stock valued at $199,000 after buying an additional 961 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Aehr Test Systems by 39.0% in the first quarter. Vanguard Group Inc. now owns 2,097,712 shares of the semiconductor company’s stock worth $26,012,000 after acquiring an additional 588,953 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

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.