Aehr Test Systems (NASDAQ:AEHR) Shares Gap Down – What’s Next?

Aehr Test Systems (NASDAQ:AEHR)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $77.48, but opened at $72.09. Aehr Test Systems shares last traded at $66.5290, with a volume of 461,858 shares.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Craig Hallum restated a “buy” rating and set a $125.00 target price on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Lake Street Capital reaffirmed a “buy” rating and set a $110.00 price target on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Weiss Ratings lowered Aehr Test Systems from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, July 15th. Zacks Research raised Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Finally, Freedom Capital upgraded Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Aehr Test Systems has a consensus rating of “Buy” and an average target price of $117.50.

Aehr Test Systems Stock Performance

The firm’s 50 day moving average is $91.90 and its 200-day moving average is $65.17. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of -272.49 and a beta of 3.17.

Insiders Place Their Bets

In other Aehr Test Systems news, Director Howard T. Slayen sold 6,819 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $104.73, for a total value of $714,153.87. Following the completion of the transaction, the director owned 169,709 shares in the company, valued at approximately $17,773,623.57. This represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Aehr Test Systems

Several institutional investors and hedge funds have recently modified their holdings of the business. Wellington Management Group LLP raised its holdings in Aehr Test Systems by 129.9% in the 4th quarter. Wellington Management Group LLP now owns 830,664 shares of the semiconductor company’s stock worth $16,771,000 after purchasing an additional 469,400 shares during the period. Invesco Ltd. grew its holdings in Aehr Test Systems by 1,137.2% in the third quarter. Invesco Ltd. now owns 366,570 shares of the semiconductor company’s stock valued at $11,037,000 after purchasing an additional 336,940 shares during the period. Next Century Growth Investors LLC grew its holdings in Aehr Test Systems by 99.9% in the fourth quarter. Next Century Growth Investors LLC now owns 552,506 shares of the semiconductor company’s stock valued at $11,155,000 after purchasing an additional 276,160 shares during the period. Halter Ferguson Financial Inc. increased its position 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 valued at $12,965,000 after buying an additional 189,117 shares in the last quarter. Finally, Squarepoint Ops LLC increased its position in shares of Aehr Test Systems by 1,321.9% in the fourth quarter. Squarepoint Ops LLC now owns 100,199 shares of the semiconductor company’s stock valued at $2,023,000 after buying an additional 108,399 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Aehr Test Systems Company Profile

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.