Aehr Test Systems (NASDAQ:AEHR) Reaches New 12-Month High – Here’s Why

Aehr Test Systems (NASDAQ:AEHR)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $126.62 and last traded at $121.76, with a volume of 518615 shares changing hands. The stock had previously closed at $108.47.

Wall Street Analyst Weigh In

AEHR has been the subject of a number of research analyst reports. William Blair upgraded Aehr Test Systems from a “market perform” rating to an “outperform” rating in a report on Monday, March 2nd. Wall Street Zen upgraded Aehr Test Systems from a “strong sell” rating to a “sell” rating in a report on Saturday, June 6th. Craig Hallum upgraded Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a report on Wednesday, April 8th. Weiss Ratings upgraded Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Finally, Lake Street Capital restated a “buy” rating on shares of Aehr Test Systems in a report on Wednesday, April 8th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Aehr Test Systems has a consensus rating of “Hold” and an average price target of $68.00.

Aehr Test Systems Trading Up 9.9%

The firm has a 50 day moving average price of $88.91 and a 200-day moving average price of $50.22. The firm has a market cap of $3.75 billion, a PE ratio of -314.41 and a beta of 3.18.

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

Insiders Place Their Bets

In other news, insider Donald P. Richmond II sold 17,011 shares of Aehr Test Systems stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $73.18, for a total value of $1,244,864.98. Following the completion of the transaction, the insider owned 181,512 shares in the company, valued at approximately $13,283,048.16. This trade represents a 8.57% 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 15,000 shares of Aehr Test Systems stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $89.57, for a total value of $1,343,550.00. Following the completion of the transaction, the executive vice president owned 63,025 shares of the company’s stock, valued at $5,645,149.25. The trade was a 19.22% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 375,005 shares of company stock worth $28,656,178. Corporate insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Aehr Test Systems

Institutional investors have recently added to or reduced their stakes in the business. KBC Group NV purchased a new stake in Aehr Test Systems during the first quarter worth approximately $30,000. Sunbelt Securities Inc. purchased a new stake in Aehr Test Systems during the third quarter worth approximately $27,000. Jones Financial Companies Lllp lifted its stake in 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 worth $31,000 after purchasing an additional 1,000 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Aehr Test Systems during the fourth quarter worth approximately $25,000. Finally, RiverPark Advisors LLC purchased a new stake in Aehr Test Systems during the third quarter worth 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.