Aehr Test Systems (NASDAQ:AEHR) Shares Gap Up – Time to Buy?

Aehr Test Systems (NASDAQ:AEHR) shares gapped up prior to trading on Tuesday . The stock had previously closed at $77.36, but opened at $83.25. Aehr Test Systems shares last traded at $92.3480, with a volume of 993,909 shares traded.

Wall Street Analysts Forecast Growth

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

Aehr Test Systems Stock Performance

The company has a 50 day moving average of $93.56 and a 200 day moving average of $62.26. The firm has a market cap of $3.00 billion, a P/E ratio of -397.07 and a beta of 3.17.

Insider Buying and Selling at Aehr Test Systems

In other Aehr Test Systems news, VP Alistair N. Sporck sold 2,000 shares of the business’s stock in a transaction that occurred on 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 directly owned 5,177 shares of the company’s stock, valued at $484,049.50. The trade was a 27.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Rhea J. Posedel sold 604 shares of the business’s stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $95.00, for a total transaction of $57,380.00. Following the completion of the sale, the director directly owned 396,375 shares of the company’s stock, valued at $37,655,625. This represents a 0.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 26,538 shares of company stock worth $2,670,034 over the last ninety days. 6.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Aehr Test Systems

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Aehr Test Systems by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 2,337,433 shares of the semiconductor company’s stock valued at $47,193,000 after purchasing an additional 49,243 shares during the period. Halter Ferguson Financial Inc. lifted its stake in shares of Aehr Test Systems by 41.7% in the fourth quarter. Halter Ferguson Financial Inc. now owns 642,129 shares of the semiconductor company’s stock worth $12,965,000 after buying an additional 189,117 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Aehr Test Systems in the fourth quarter worth $377,000. UBS Group AG boosted its holdings in shares of Aehr Test Systems by 55.7% during the 4th quarter. UBS Group AG now owns 243,129 shares of the semiconductor company’s stock worth $4,909,000 after buying an additional 87,014 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Aehr Test Systems during the 4th quarter worth $407,000. 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.