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

Aehr Test Systems (NASDAQ:AEHRGet Free Report) was upgraded by equities researchers at StockNews.com to a “sell” rating in a research report issued on Wednesday.

Aehr Test Systems Trading Down 0.9 %

NASDAQ:AEHR opened at $12.48 on Wednesday. Aehr Test Systems has a 12-month low of $9.83 and a 12-month high of $21.44. The firm has a market cap of $370.78 million, a price-to-earnings ratio of 16.64 and a beta of 1.86. The company’s 50-day moving average is $13.55 and its two-hundred day moving average is $14.09.

Aehr Test Systems (NASDAQ:AEHRGet Free Report) last announced its quarterly earnings data on Monday, January 13th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). Aehr Test Systems had a net margin of 43.41% and a return on equity of 21.09%. On average, equities research analysts forecast that Aehr Test Systems will post 0.1 earnings per share for the current fiscal year.

Institutional Trading of Aehr Test Systems

A number of hedge funds have recently added to or reduced their stakes in the business. FMR LLC grew its stake in shares of Aehr Test Systems by 1,535.8% during the 3rd quarter. FMR LLC now owns 2,619,108 shares of the semiconductor company’s stock valued at $33,656,000 after buying an additional 2,458,993 shares during the period. Diker Management LLC acquired a new position in Aehr Test Systems in the second quarter valued at $1,676,000. Baillie Gifford & Co. grew its position in Aehr Test Systems by 8.2% during the third quarter. Baillie Gifford & Co. now owns 1,806,849 shares of the semiconductor company’s stock valued at $23,218,000 after acquiring an additional 136,259 shares during the period. Pier Capital LLC increased its stake in Aehr Test Systems by 33.4% during the third quarter. Pier Capital LLC now owns 412,077 shares of the semiconductor company’s stock worth $5,295,000 after acquiring an additional 103,144 shares during the last quarter. Finally, Annex Advisory Services LLC purchased a new position in shares of Aehr Test Systems in the 4th quarter worth about $1,303,000. 69.69% of the stock is owned by institutional investors and hedge funds.

About Aehr Test Systems

(Get Free Report)

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.

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