Aehr Test Systems (NASDAQ:AEHR) Reaches New 1-Year High – Still a Buy?

Aehr Test Systems (NASDAQ:AEHR)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $109.55 and last traded at $109.19, with a volume of 1520353 shares traded. The stock had previously closed at $95.02.

Analyst Ratings Changes

A number of research firms recently commented on AEHR. Craig Hallum upgraded Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research note on Wednesday, April 8th. Lake Street Capital reiterated a “buy” rating on shares of Aehr Test Systems in a research note on Wednesday, April 8th. Wall Street Zen downgraded Aehr Test Systems from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. Weiss Ratings raised shares of Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Finally, William Blair upgraded Aehr Test Systems from a “market perform” rating to an “outperform” rating in a research note on Monday, March 2nd. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $68.00.

Aehr Test Systems Price Performance

The firm’s fifty day moving average price is $70.33 and its 200-day moving average price is $42.25. The company has a market cap of $3.46 billion, a price-to-earnings ratio of -289.26 and a beta of 3.26.

Aehr Test Systems (NASDAQ:AEHR) last issued its quarterly earnings data 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 for 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 forecast that Aehr Test Systems will post -0.31 earnings per share for the current fiscal year.

Insider Activity at Aehr Test Systems

In other news, VP Alistair N. Sporck sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $93.50, for a total transaction of $187,000.00. Following the completion of the transaction, the vice president directly owned 5,177 shares in the company, valued at approximately $484,049.50. The trade was a 27.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Alberto Salamone sold 15,000 shares of the stock in a transaction that occurred on Monday, April 20th. The stock was 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 directly owned 63,025 shares of the company’s stock, valued at $5,645,149.25. This trade represents a 19.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 375,005 shares of company stock valued at $28,656,178. Company insiders own 6.80% of the company’s stock.

Institutional Trading of Aehr Test Systems

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Aehr Test Systems by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 2,337,433 shares of the semiconductor company’s stock valued at $47,193,000 after acquiring an additional 49,243 shares in the last quarter. Halter Ferguson Financial Inc. raised its holdings in Aehr Test Systems by 41.7% during the fourth quarter. Halter Ferguson Financial Inc. now owns 642,129 shares of the semiconductor company’s stock worth $12,965,000 after purchasing an additional 189,117 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Aehr Test Systems during the 4th quarter valued at $377,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Aehr Test Systems in the fourth quarter valued at $407,000. Finally, UBS Group AG boosted its stake in Aehr Test Systems by 55.7% during the fourth quarter. UBS Group AG now owns 243,129 shares of the semiconductor company’s stock valued at $4,909,000 after buying an additional 87,014 shares in the last quarter. 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.