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

Aehr Test Systems (NASDAQ:AEHR) shares gapped up before the market opened 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 changing hands.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Craig Hallum reissued a “buy” rating and set a $125.00 price objective on shares of Aehr Test Systems in a report on Wednesday, July 15th. Weiss Ratings lowered shares of Aehr Test Systems from a “sell (d+)” rating to a “sell (d)” rating in a research 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, July 18th. Lake Street Capital reissued a “buy” rating and issued a $110.00 price target on shares of Aehr Test Systems in a research note on Wednesday, July 15th. Finally, Freedom Capital raised shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Aehr Test Systems has a consensus rating of “Buy” and a consensus target price of $117.50.

Aehr Test Systems Trading Down 5.4%

The business has a fifty day moving average price of $93.41 and a 200-day moving average price of $63.33. The stock has a market capitalization of $2.94 billion, a PE ratio of -389.73 and a beta of 3.17.

Insider Transactions at Aehr Test Systems

In other Aehr Test Systems news, Director Howard T. Slayen sold 6,819 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $104.73, for a total value of $714,153.87. Following the completion of the sale, the director owned 169,709 shares of the company’s stock, valued at $17,773,623.57. This represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 6.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Aehr Test Systems

Several institutional investors and hedge funds have recently made changes to their positions in AEHR. Vanguard Group Inc. grew its holdings in Aehr Test Systems by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 2,337,433 shares of the semiconductor company’s stock worth $47,193,000 after acquiring an additional 49,243 shares during the last quarter. Halter Ferguson Financial Inc. lifted its holdings in 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 period. State of Alaska Department of Revenue purchased a new stake in Aehr Test Systems in the fourth quarter worth about $377,000. UBS Group AG boosted its position in Aehr Test Systems by 55.7% during the 4th quarter. UBS Group AG now owns 243,129 shares of the semiconductor company’s stock valued at $4,909,000 after acquiring an additional 87,014 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Aehr Test Systems during the 4th quarter valued at approximately $407,000. 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.