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

Aehr Test Systems (NASDAQ:AEHR)’s share price gapped up prior to trading on Wednesday. The stock had previously closed at $59.57, but opened at $65.50. Aehr Test Systems shares last traded at $65.8990, with a volume of 662,390 shares traded.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AEHR. 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. Zacks Research lowered Aehr Test Systems from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Freedom Capital raised Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Aehr Test Systems in a report on Tuesday, October 27th. Finally, Lake Street Capital lowered their price target on Aehr Test Systems from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday, November 3rd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Aehr Test Systems has an average rating of “Moderate Buy” and an average target price of $118.75.

Aehr Test Systems Stock Performance

The business’s 50 day moving average is $78.35 and its 200-day moving average is $75.15. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 1,526.00 and a beta of 3.36.

Aehr Test Systems (NASDAQ:AEHR) last posted 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. The company had revenue of $33.01 million during the quarter, compared to analysts’ expectations of $27.53 million. Aehr Test Systems had a net margin of 2.97% and a return on equity of 1.76%.

Institutional Trading of Aehr Test Systems

Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in Aehr Test Systems by 13.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,799 shares of the semiconductor company’s stock valued at $179,000 after buying an additional 216 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Aehr Test Systems by 8.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,925 shares of the semiconductor company’s stock worth $291,000 after buying an additional 224 shares during the last quarter. Arizona State Retirement System boosted its holdings in Aehr Test Systems by 3.2% in the 2nd quarter. Arizona State Retirement System now owns 8,245 shares of the semiconductor company’s stock worth $792,000 after buying an additional 253 shares during the last quarter. Advocate Investing Services LLC purchased a new stake in Aehr Test Systems during the 2nd quarter worth approximately $26,000. Finally, Fifth Third Bancorp purchased a new stake in Aehr Test Systems during the 3rd quarter worth approximately $28,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Aehr Test Systems Company Profile

Aehr Test Systems designs, manufactures and markets semiconductor test and burn-in equipment and related products. Its systems are used to test devices at the wafer, die and packaged-chip stages of production. The company’s offerings include FOX series test and burn-in systems, WaferPak wafer-level contactors and DiePak carriers. These products support testing for applications such as silicon carbide power semiconductors, silicon photonics and other devices used in automotive, computing and communications markets.