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

Aehr Test Systems (NASDAQ:AEHR) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Separately, Craig Hallum upgraded Aehr Test Systems from a “hold” rating to a “buy” rating and boosted their price target for the company from $12.00 to $25.00 in a report on Wednesday, July 17th.

Aehr Test Systems Stock Performance

AEHR traded up $0.10 during mid-day trading on Friday, reaching $13.23. The stock had a trading volume of 693,346 shares, compared to its average volume of 1,346,140. The stock has a market capitalization of $382.55 million, a P/E ratio of 25.44 and a beta of 2.05. Aehr Test Systems has a 52 week low of $9.83 and a 52 week high of $48.28. The firm’s fifty day simple moving average is $14.52 and its two-hundred day simple moving average is $13.14.

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

Insider Transactions at Aehr Test Systems

In other Aehr Test Systems news, Director Howard T. Slayen bought 20,000 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were purchased at an average price of $15.50 per share, for a total transaction of $310,000.00. Following the transaction, the director now directly owns 220,714 shares in the company, valued at approximately $3,421,067. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Howard T. Slayen purchased 20,000 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average price of $15.50 per share, for a total transaction of $310,000.00. Following the completion of the transaction, the director now owns 220,714 shares of the company’s stock, valued at $3,421,067. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Fariba Danesh sold 10,000 shares of the business’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $18.59, for a total value of $185,900.00. Following the completion of the transaction, the director now directly owns 16,390 shares of the company’s stock, valued at approximately $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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. nVerses Capital LLC acquired a new stake in shares of Aehr Test Systems in the 2nd quarter valued at approximately $25,000. RiverPark Advisors LLC lifted its stake in shares of Aehr Test Systems by 360.8% in the 1st quarter. RiverPark Advisors LLC now owns 2,069 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 1,620 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Aehr Test Systems during the 2nd quarter valued at $47,000. B. Riley Wealth Advisors Inc. bought a new stake in Aehr Test Systems during the 1st quarter worth $109,000. Finally, Versor Investments LP bought a new position in Aehr Test Systems in the second quarter valued at about $117,000. 69.69% of the stock is currently owned by institutional investors.

About Aehr Test Systems

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.