Aehr Test Systems (NASDAQ:AEHR) Stock Has Average Target Price of $118.75 According to Brokerages

Aehr Test Systems (NASDAQ:AEHR) has received an average recommendation of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $118.75.

AEHR has been the topic of a number of recent analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Aehr Test Systems in a research report on Tuesday, October 27th. Craig Hallum restated a “buy” rating and issued a $125.00 price target on shares of Aehr Test Systems in a report on Wednesday, July 15th. Zacks Research downgraded shares of Aehr Test Systems from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Freedom Capital upgraded Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Finally, Oppenheimer assumed coverage on Aehr Test Systems in a research report on Thursday, September 10th. They set an “outperform” rating and a $120.00 target price on the stock.

Aehr Test Systems Trading Up 9.0%

Shares of Aehr Test Systems stock opened at $53.57 on Friday. The firm has a market cap of $1.75 billion, a PE ratio of -223.20 and a beta of 3.36. The stock has a 50 day moving average of $79.76 and a 200 day moving average of $74.49. Aehr Test Systems has a 12 month low of $18.70 and a 12 month high of $147.40.

Aehr Test Systems (NASDAQ:AEHR) last released its quarterly earnings data on Monday, November 2nd. The semiconductor company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.17. Aehr Test Systems had a negative return on equity of 3.83% and a negative net margin of 14.25%. The company had revenue of $33.01 million for the quarter, compared to analyst estimates of $27.53 million. As a group, equities research analysts forecast that Aehr Test Systems will post 0.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Howard Slayen sold 5,700 shares of Aehr Test Systems stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $133.03, for a total value of $758,271.00. Following the completion of the transaction, the director owned 140,667 shares in the company, valued at approximately $18,712,931.01. This trade represents a 3.89% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Alberto Salamone sold 9,672 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $127.72, for a total value of $1,235,307.84. Following the sale, the executive vice president owned 41,962 shares in the company, valued at $5,359,386.64. This trade represents a 18.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 87,475 shares of company stock valued at $11,459,240. Insiders own 4.60% of the company’s stock.

Institutional Trading of Aehr Test Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Aehr Test Systems during the second quarter valued at about $255,476,000. State Street Corp lifted its stake in shares of Aehr Test Systems by 14.4% in the 2nd quarter. State Street Corp now owns 712,926 shares of the semiconductor company’s stock valued at $68,484,000 after purchasing an additional 89,620 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Aehr Test Systems in the 2nd quarter worth $64,433,000. AWM Investment Company Inc. purchased a new position in Aehr Test Systems in the second quarter valued at $36,004,000. Finally, Wellington Management Group LLP grew its position in Aehr Test Systems by 56.0% during the 2nd quarter. Wellington Management Group LLP now owns 238,453 shares of the semiconductor company’s stock worth $22,906,000 after purchasing an additional 85,568 shares during the last quarter. 69.69% of the stock is owned by institutional investors.

Aehr Test Systems Company Profile

Aehr Test Systems (NASDAQ: AEHR) develops and manufactures test and burn-in equipment used to qualify and screen semiconductor devices. Its systems are designed to identify manufacturing defects and reliability issues before chips are shipped to customers, helping semiconductor manufacturers improve production yields and product quality.

The company’s product portfolio includes the FOX family of semiconductor test systems, including the FOX-XP, FOX-NP and FOX-1P platforms. Aehr also provides wafer contactors, DiePak carriers and related test fixtures and software.