Aehr Test Systems (NASDAQ:AEHR) Upgraded at StockNews.com

StockNews.com upgraded shares of Aehr Test Systems (NASDAQ:AEHR) to a sell rating in a research note published on Wednesday.

Aehr Test Systems Price Performance

Shares of NASDAQ AEHR opened at $12.41 on Wednesday. The firm’s 50-day moving average is $13.61 and its two-hundred day moving average is $14.07. The company has a market capitalization of $368.70 million, a PE ratio of 16.55 and a beta of 1.86. Aehr Test Systems has a 12-month low of $9.83 and a 12-month high of $21.44.

Aehr Test Systems (NASDAQ:AEHR) last issued its quarterly earnings data on Monday, January 13th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). Aehr Test Systems had a return on equity of 21.09% and a net margin of 43.41%. On average, analysts forecast that Aehr Test Systems will post 0.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Aehr Test Systems

A number of large investors have recently modified their holdings of AEHR. Rhumbline Advisers grew its position in shares of Aehr Test Systems by 3.8% during the second quarter. Rhumbline Advisers now owns 39,333 shares of the semiconductor company’s stock worth $439,000 after buying an additional 1,438 shares in the last quarter. Diker Management LLC acquired a new position in shares of Aehr Test Systems during the second quarter valued at $1,676,000. The Manufacturers Life Insurance Company grew its position in Aehr Test Systems by 7.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,045 shares of the semiconductor company’s stock worth $123,000 after purchasing an additional 769 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Aehr Test Systems in the 2nd quarter valued at approximately $361,000. Finally, SG Americas Securities LLC bought a new stake in shares of Aehr Test Systems during the third quarter valued at about $130,000. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Aehr Test Systems Company Profile

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.