Aehr Test Systems (NASDAQ:AEHR) Trading Down 10.8% – What’s Next?

Shares of Aehr Test Systems (NASDAQ:AEHR) traded down 10.8% on Tuesday . The stock traded as low as $92.15 and last traded at $93.2190. 1,649,733 shares were traded during trading, a decline of 30% from the average session volume of 2,354,648 shares. The stock had previously closed at $104.56.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Craig Hallum raised shares of Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research report on Wednesday, April 8th. William Blair upgraded shares of Aehr Test Systems from a “market perform” rating to an “outperform” rating in a report on Monday, March 2nd. Wall Street Zen upgraded shares of Aehr Test Systems from a “strong sell” rating to a “sell” rating in a report on Saturday, April 11th. Weiss Ratings upgraded shares of Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Finally, Lake Street Capital reaffirmed a “buy” rating on shares of Aehr Test Systems in a report on Wednesday, April 8th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $68.00.

Aehr Test Systems Trading Down 7.4%

The firm’s 50 day moving average is $59.74 and its two-hundred day moving average is $37.46. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of -254.58 and a beta of 3.26.

Aehr Test Systems (NASDAQ:AEHR) last announced its earnings results on Tuesday, April 7th. The semiconductor company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.02. The firm had revenue of $10.31 million during the quarter, compared to the consensus estimate of $10.85 million. Aehr Test Systems had a negative net margin of 25.23% and a negative return on equity of 7.15%. As a group, equities analysts expect that Aehr Test Systems will post -0.31 EPS for the current fiscal year.

Insider Buying and Selling at Aehr Test Systems

In other news, Director Laura Oliphant sold 4,665 shares of the business’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $85.59, for a total transaction of $399,277.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Alistair N. Sporck sold 2,000 shares of the business’s stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $93.50, for a total value of $187,000.00. Following the sale, the vice president owned 5,177 shares of the company’s stock, valued at $484,049.50. The trade was a 27.87% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 382,184 shares of company stock worth $28,362,244. Company insiders own 6.80% of the company’s stock.

Institutional Trading of Aehr Test Systems

Institutional investors have recently modified their holdings of the company. KBC Group NV purchased a new position in Aehr Test Systems in the 1st quarter worth approximately $30,000. Sunbelt Securities Inc. purchased a new stake in shares of Aehr Test Systems during the third quarter valued at approximately $27,000. Jones Financial Companies Lllp raised its stake in shares of Aehr Test Systems by 3,448.3% during the third quarter. Jones Financial Companies Lllp now owns 1,029 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 1,000 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Aehr Test Systems during the fourth quarter valued at approximately $25,000. Finally, RiverPark Advisors LLC purchased a new stake in shares of Aehr Test Systems during the third quarter valued at approximately $42,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

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.