Craig Hallum Reiterates “Hold” Rating for Aehr Test Systems (NASDAQ:AEHR)

Aehr Test Systems (NASDAQ:AEHR)‘s stock had its “hold” rating reissued by equities researchers at Craig Hallum in a research note issued on Tuesday, Marketbeat Ratings reports. They presently have a $12.00 target price on the semiconductor company’s stock. Craig Hallum’s price target indicates a potential downside of 3.69% from the stock’s current price.

AEHR has been the topic of a number of other reports. William Blair reaffirmed a “market perform” rating on shares of Aehr Test Systems in a research note on Monday. StockNews.com raised Aehr Test Systems from a “sell” rating to a “hold” rating in a research note on Friday, January 19th.

Aehr Test Systems Trading Up 11.5 %

Shares of NASDAQ:AEHR opened at $12.46 on Tuesday. The stock’s 50-day moving average price is $15.92 and its 200-day moving average price is $25.51. Aehr Test Systems has a 12-month low of $10.53 and a 12-month high of $54.10. The stock has a market capitalization of $359.47 million, a P/E ratio of 17.55 and a beta of 2.01.

Aehr Test Systems (NASDAQ:AEHR) last announced its quarterly earnings data on Tuesday, January 9th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. Aehr Test Systems had a return on equity of 26.97% and a net margin of 25.76%. The firm had revenue of $21.43 million for the quarter, compared to analysts’ expectations of $20.10 million. As a group, research analysts predict that Aehr Test Systems will post 0.72 EPS for the current year.

Insider Buying and Selling

In related news, CEO Gayn Erickson sold 4,871 shares of the firm’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $17.39, for a total value of $84,706.69. Following the sale, the chief executive officer now directly owns 427,935 shares of the company’s stock, valued at $7,441,789.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Gayn Erickson sold 4,871 shares of the firm’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $17.39, for a total value of $84,706.69. Following the sale, the chief executive officer now directly owns 427,935 shares of the company’s stock, valued at $7,441,789.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Avijit K. Ray-Chaudhuri bought 3,000 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The stock was acquired at an average cost of $17.87 per share, for a total transaction of $53,610.00. Following the completion of the purchase, the vice president now directly owns 9,719 shares of the company’s stock, valued at $173,678.53. The disclosure for this purchase can be found here. Insiders have sold 8,738 shares of company stock valued at $151,723 over the last ninety days. 6.30% of the stock is owned by insiders.

Institutional Trading of Aehr Test Systems

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in Aehr Test Systems by 253.4% in the second quarter. BlackRock Inc. now owns 1,830,555 shares of the semiconductor company’s stock worth $75,510,000 after buying an additional 1,312,565 shares during the period. Vanguard Group Inc. lifted its holdings in Aehr Test Systems by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 1,508,759 shares of the semiconductor company’s stock worth $40,027,000 after buying an additional 38,384 shares during the period. Ameriprise Financial Inc. purchased a new stake in Aehr Test Systems in the first quarter worth about $42,623,000. Driehaus Capital Management LLC lifted its holdings in Aehr Test Systems by 30.5% in the second quarter. Driehaus Capital Management LLC now owns 1,348,822 shares of the semiconductor company’s stock worth $55,639,000 after buying an additional 314,973 shares during the period. Finally, Oberweis Asset Management Inc. lifted its holdings in Aehr Test Systems by 19.9% in the fourth quarter. Oberweis Asset Management Inc. now owns 1,091,202 shares of the semiconductor company’s stock worth $28,950,000 after buying an additional 181,094 shares during the period. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

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.