Aehr Test Systems (NASDAQ:AEHR) Trading Up 6.6% – Still a Buy?

Shares of Aehr Test Systems (NASDAQ:AEHR) rose 6.6% on Monday . The company traded as high as $111.11 and last traded at $109.9040. Approximately 630,249 shares traded hands during trading, a decline of 74% from the average daily volume of 2,402,523 shares. The stock had previously closed at $103.07.

Wall Street Analyst Weigh In

Several equities analysts have commented on AEHR shares. Weiss Ratings cut Aehr Test Systems from a “sell (d)” rating to a “sell (e+)” rating in a report on Wednesday, July 29th. Lake Street Capital reissued a “buy” rating and set a $110.00 price objective on shares of Aehr Test Systems in a report on Wednesday, July 15th. Freedom Capital upgraded Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Craig Hallum restated a “buy” rating and issued a $125.00 target price on shares of Aehr Test Systems in a research note on Wednesday, July 15th. Finally, Wall Street Zen raised Aehr Test Systems from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Aehr Test Systems has an average rating of “Buy” and a consensus target price of $117.50.

Aehr Test Systems Stock Up 3.0%

The company has a market capitalization of $3.46 billion, a P/E ratio of -441.87 and a beta of 3.10. The stock has a fifty day simple moving average of $91.36 and a 200-day simple moving average of $68.48.

Insider Transactions at Aehr Test Systems

In related news, Director Howard T. Slayen sold 20,000 shares of Aehr Test Systems stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $108.30, for a total transaction of $2,166,000.00. Following the completion of the transaction, the director directly owned 146,367 shares of the company’s stock, valued at $15,851,546.10. This trade represents a 12.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Alistair N. Sporck sold 2,000 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $100.96, for a total transaction of $201,920.00. Following the completion of the transaction, the vice president owned 23,547 shares in the company, valued at approximately $2,377,305.12. This trade represents a 7.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 28,819 shares of company stock valued at $3,082,074 in the last quarter. 6.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Aehr Test Systems

A number of large investors have recently bought and sold shares of AEHR. Caitong International Asset Management Co. Ltd acquired a new position in Aehr Test Systems in the fourth quarter worth $25,000. Advocate Investing Services LLC acquired a new stake in shares of Aehr Test Systems in the second quarter valued at $26,000. Sunbelt Securities Inc. bought a new position in shares of Aehr Test Systems in the third quarter valued at about $27,000. State of Wyoming bought a new position in shares of Aehr Test Systems in the second quarter valued at about $28,000. Finally, KBC Group NV acquired a new position in Aehr Test Systems during the 1st quarter worth about $30,000. 69.69% of the stock is currently owned by institutional investors.

About Aehr Test Systems

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.