Aehr Test Systems (NASDAQ:AEHR) Shares Down 6.4% – What’s Next?

Aehr Test Systems (NASDAQ:AEHR)’s stock price dropped 6.4% during mid-day trading on Wednesday . The stock traded as low as $102.44 and last traded at $102.8950. Approximately 1,697,845 shares traded hands during trading, a decline of 29% from the average daily volume of 2,384,971 shares. The stock had previously closed at $109.92.

Wall Street Analysts Forecast Growth

AEHR has been the subject of several analyst reports. Craig Hallum raised Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 target price for the company 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. Lake Street Capital reaffirmed a “buy” rating on shares of Aehr Test Systems in a research report on Wednesday, April 8th. Wall Street Zen lowered Aehr Test Systems from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. Finally, William Blair raised 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 issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $68.00.

Aehr Test Systems Trading Down 5.6%

The company has a 50-day moving average price of $71.82 and a two-hundred day moving average price of $42.85. The stock has a market capitalization of $3.26 billion, a P/E ratio of -272.34 and a beta of 3.26.

Aehr Test Systems (NASDAQ:AEHR) last posted its quarterly earnings data on Tuesday, April 7th. The semiconductor company reported ($0.05) earnings per share 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 firm had revenue of $10.31 million during the quarter, compared to analyst estimates of $10.85 million. Research analysts forecast that Aehr Test Systems will post -0.31 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Rhea J. Posedel sold 17,115 shares of the firm’s stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $100.00, for a total value of $1,711,500.00. Following the completion of the sale, the director directly owned 45,261 shares in the company, valued at $4,526,100. This trade represents a 27.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Alistair N. Sporck sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $93.50, for a total value of $187,000.00. Following the completion of the sale, the vice president owned 5,177 shares of the company’s stock, valued at approximately $484,049.50. This represents a 27.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 375,005 shares of company stock worth $28,656,178 over the last 90 days. 6.80% of the stock is owned by company insiders.

Institutional Trading of Aehr Test Systems

Several large investors have recently made changes to their positions in AEHR. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Aehr Test Systems in the 4th quarter valued at about $25,000. Sunbelt Securities Inc. acquired a new stake in shares of Aehr Test Systems in the 3rd quarter valued at about $27,000. State of Wyoming acquired a new stake in shares of Aehr Test Systems in the 2nd quarter valued at about $28,000. KBC Group NV acquired a new stake in shares of Aehr Test Systems in the 1st quarter valued at about $30,000. Finally, Jones Financial Companies Lllp grew its stake in shares of Aehr Test Systems by 3,448.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,029 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 1,000 shares during the period. 69.69% of the stock is currently owned by institutional investors and hedge funds.

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.