Aehr Test Systems (NASDAQ:AEHR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Aehr Test Systems (NASDAQ:AEHR) has received a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $132.50.

A number of equities research analysts have recently issued reports on AEHR shares. Zacks Research cut Aehr Test Systems from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. Oppenheimer began coverage on Aehr Test Systems in a research note on Thursday, September 10th. They set an “outperform” rating and a $120.00 target price on the stock. Lake Street Capital reissued a “buy” rating and set a $110.00 price target on shares of Aehr Test Systems in a report on Wednesday, July 15th. Jefferies Financial Group assumed coverage on Aehr Test Systems in a research note on Thursday, August 13th. They issued a “buy” rating and a $175.00 price target for the company. Finally, Freedom Capital raised Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th.

Aehr Test Systems Stock Performance

Shares of AEHR stock opened at $97.42 on Friday. Aehr Test Systems has a 52 week low of $18.70 and a 52 week high of $147.40. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of -405.90 and a beta of 3.06. The company has a 50-day simple moving average of $94.46 and a 200 day simple moving average of $84.42.

Insider Buying and Selling

In other news, EVP Alberto Salamone sold 9,672 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $127.72, for a total value of $1,235,307.84. Following the completion of the sale, the executive vice president owned 41,962 shares of the company’s stock, valued at approximately $5,359,386.64. The trade was a 18.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Rhea Posedel sold 5,973 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $140.00, for a total transaction of $836,220.00. Following the completion of the transaction, the director owned 381,989 shares in the company, valued at $53,478,460. This trade represents a 1.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 109,475 shares of company stock valued at $13,827,160 in the last 90 days. 4.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Advocate Investing Services LLC bought a new stake in shares of Aehr Test Systems in the second quarter valued at approximately $26,000. Nykredit A S bought a new position in Aehr Test Systems during the 2nd quarter worth $28,000. KBC Group NV acquired a new position in Aehr Test Systems in the 1st quarter valued at $30,000. Compagnie Lombard Odier SCmA acquired a new position in Aehr Test Systems in the 2nd quarter valued at $34,000. Finally, Tema ETFs LLC bought a new stake in shares of Aehr Test Systems during the 2nd quarter valued at $89,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

Aehr Test Systems Company Profile

Aehr Test Systems (NASDAQ: AEHR) develops and manufactures semiconductor test and burn-in equipment used to verify the reliability and performance of integrated circuits, wafers and packaged devices. Its systems are designed to identify defects and reliability issues before semiconductor products are shipped to customers.

The company’s product portfolio includes the FOX family of test and burn-in systems, along with wafer-level and packaged-device solutions such as WaferPak contactors and DiePak carriers.