Aehr Test Systems (NASDAQ:AEHR) Shares Gap Up – What’s Next?

Aehr Test Systems (NASDAQ:AEHR) shares gapped up before the market opened on Monday . The stock had previously closed at $98.45, but opened at $105.00. Aehr Test Systems shares last traded at $95.6780, with a volume of 365,018 shares traded.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Craig Hallum raised Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research report on Wednesday, April 8th. Wall Street Zen raised Aehr Test Systems from a “strong sell” rating to a “sell” rating in a research report on Saturday. Lake Street Capital reaffirmed a “buy” rating on shares of Aehr Test Systems in a research report on Wednesday, April 8th. Weiss Ratings raised Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Finally, William Blair upgraded Aehr Test Systems from a “market perform” rating to an “outperform” rating in a research report on Monday, March 2nd. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Aehr Test Systems has an average rating of “Hold” and a consensus price target of $68.00.

Aehr Test Systems Trading Down 0.7%

The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of -259.09 and a beta of 3.18. The company has a fifty day moving average of $82.49 and a 200-day moving average of $47.44.

Aehr Test Systems (NASDAQ:AEHR) last posted its quarterly earnings data on Tuesday, April 7th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.02. Aehr Test Systems had a negative return on equity of 7.15% and a negative net margin of 25.23%.The company had revenue of $10.31 million for the quarter, compared to analysts’ expectations of $10.85 million. As a group, equities research analysts expect that Aehr Test Systems will post -0.31 EPS for the current year.

Insiders Place Their Bets

In other Aehr Test Systems news, Director Rhea J. Posedel sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $70.00, for a total value of $2,100,000.00. Following the transaction, the director directly owned 426,979 shares of the company’s stock, valued at $29,888,530. This trade represents a 6.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Alberto Salamone sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $89.57, for a total transaction of $1,343,550.00. Following the completion of the transaction, the executive vice president directly owned 63,025 shares in the company, valued at $5,645,149.25. This trade represents a 19.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 375,005 shares of company stock worth $28,656,178. 6.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Strait & Sound Wealth Management LLC purchased a new position in Aehr Test Systems in the 1st quarter worth approximately $349,000. Cim LLC purchased a new position in Aehr Test Systems in the 1st quarter worth approximately $507,000. California State Teachers Retirement System lifted its stake in Aehr Test Systems by 2,271.7% in the 1st quarter. California State Teachers Retirement System now owns 41,599 shares of the semiconductor company’s stock worth $1,542,000 after purchasing an additional 39,845 shares in the last quarter. Royal Bank of Canada lifted its stake in Aehr Test Systems by 15.3% in the 1st quarter. Royal Bank of Canada now owns 59,939 shares of the semiconductor company’s stock worth $2,222,000 after purchasing an additional 7,968 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Aehr Test Systems during the 1st quarter valued at approximately $291,000. 69.69% of the stock is owned by hedge funds and other institutional investors.

Aehr Test Systems Company Profile

Aehr Test Systems develops, manufactures and sells semiconductor test and burn-in equipment used by device manufacturers to ensure quality and reliability of integrated circuits. Its products are designed for wafer-level reliability assessment, functional test and stress screening of memory devices, system-on-chips, optical components and power semiconductors. By focusing on wafer-level burn-in and testing processes, the company helps reduce cost and improve yield for high-volume semiconductor production.

The company’s product portfolio includes FOX series wafer probe test and burn-in systems as well as ABTS burn-in ovens.