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 $16.85, but opened at $17.50. Aehr Test Systems shares last traded at $18.63, with a volume of 432,591 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Aehr Test Systems from a “hold” rating to a “sell” rating in a research report on Saturday, October 5th.

Aehr Test Systems Stock Down 7.4 %

The firm has a 50-day moving average of $13.27 and a 200 day moving average of $13.89. The stock has a market capitalization of $487.73 million, a P/E ratio of 16.80 and a beta of 1.86.

Aehr Test Systems (NASDAQ:AEHR) last released its quarterly earnings data on Thursday, October 10th. The semiconductor company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. Aehr Test Systems had a net margin of 49.63% and a return on equity of 29.31%. The company had revenue of $13.12 million during the quarter, compared to the consensus estimate of $11.90 million. Analysts predict that Aehr Test Systems will post 0.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Aehr Test Systems

Institutional investors have recently added to or reduced their stakes in the stock. Rice Hall James & Associates LLC lifted its position in shares of Aehr Test Systems by 17.4% during the 3rd quarter. Rice Hall James & Associates LLC now owns 398,766 shares of the semiconductor company’s stock worth $5,124,000 after buying an additional 59,010 shares during the period. Baillie Gifford & Co. raised its stake in Aehr Test Systems by 8.2% during the third quarter. Baillie Gifford & Co. now owns 1,806,849 shares of the semiconductor company’s stock worth $23,218,000 after acquiring an additional 136,259 shares in the last quarter. Apis Capital Advisors LLC bought a new position in shares of Aehr Test Systems during the second quarter valued at $2,133,000. FMR LLC boosted its stake in shares of Aehr Test Systems by 1,535.8% in the 3rd quarter. FMR LLC now owns 2,619,108 shares of the semiconductor company’s stock valued at $33,656,000 after purchasing an additional 2,458,993 shares in the last quarter. Finally, Janus Henderson Group PLC bought a new stake in shares of Aehr Test Systems in the 3rd quarter worth about $672,000. 69.69% of the stock is owned by institutional investors and hedge funds.

About Aehr Test Systems

Aehr Test Systems provides test solutions for testing, burning-in, and semiconductor devices in wafer level, singulated die, and package part form, and installed systems worldwide. Its product portfolio includes FOX-XP and FOX-NP systems that are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize range of devices, including silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices.