Aehr Test Systems (NASDAQ:AEHR) Sets New 52-Week High – Here’s What Happened

Aehr Test Systems (NASDAQ:AEHR) reached a new 52-week high on Monday . The stock traded as high as $74.53 and last traded at $70.5840, with a volume of 629740 shares trading hands. The stock had previously closed at $70.43.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AEHR. Craig Hallum raised Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Wednesday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Aehr Test Systems in a research note on Wednesday, January 21st. Wall Street Zen raised Aehr Test Systems from a “strong sell” rating to a “sell” rating in a research note on Saturday. Lake Street Capital reiterated a “buy” rating on shares of Aehr Test Systems in a report on Wednesday. Finally, William Blair upgraded Aehr Test Systems from a “market perform” rating to an “outperform” rating in a 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 given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $68.00.

Aehr Test Systems Trading Up 1.5%

The firm has a market cap of $2.25 billion, a price-to-earnings ratio of -188.79 and a beta of 2.28. The stock has a 50-day moving average of $37.66 and a 200-day moving average of $29.41.

Aehr Test Systems (NASDAQ:AEHR) last released its quarterly earnings data on Tuesday, April 7th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $10.31 million during the quarter, compared to analyst estimates of $10.85 million. As a group, research analysts expect that Aehr Test Systems will post 0.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Aehr Test Systems news, Director Laura Oliphant sold 4,546 shares of the business’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $31.40, for a total transaction of $142,744.40. Following the completion of the transaction, the director owned 18,432 shares in the company, valued at approximately $578,764.80. The trade was a 19.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Rhea J. Posedel sold 30,000 shares of the business’s stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $70.00, for a total value of $2,100,000.00. Following the transaction, the director 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 SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 80,380 shares of company stock worth $4,841,958. 6.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AEHR. Caitong International Asset Management Co. Ltd acquired a new position in Aehr Test Systems during the 4th quarter worth $25,000. Sunbelt Securities Inc. acquired a new position in Aehr Test Systems during the 3rd quarter worth $27,000. State of Wyoming acquired a new position in Aehr Test Systems during the 2nd quarter worth $28,000. Jones Financial Companies Lllp boosted its position in Aehr Test Systems by 3,448.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,029 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 1,000 shares during the period. Finally, RiverPark Advisors LLC acquired a new position in Aehr Test Systems during the 3rd quarter worth $42,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

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.