Aehr Test Systems (NASDAQ:AEHR) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Aehr Test Systems (NASDAQ:AEHR) from a sell rating to a hold rating in a research report sent to investors on Monday.

Separately, Craig Hallum raised shares of Aehr Test Systems from a hold rating to a buy rating and boosted their target price for the company from $12.00 to $25.00 in a research report on Wednesday, July 17th.

Aehr Test Systems Stock Up 8.7 %

Shares of AEHR stock opened at $14.74 on Monday. Aehr Test Systems has a 12-month low of $9.83 and a 12-month high of $53.06. The company has a market capitalization of $426.21 million, a PE ratio of 28.35 and a beta of 2.07. The firm has a 50 day moving average price of $14.23 and a two-hundred day moving average price of $13.76.

Aehr Test Systems (NASDAQ:AEHR) last released its quarterly earnings results on Friday, July 19th. The semiconductor company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.70. The business had revenue of $16.60 million during the quarter. Aehr Test Systems had a return on equity of 36.41% and a net margin of 50.07%. During the same period in the previous year, the business posted $0.21 earnings per share. As a group, research analysts expect that Aehr Test Systems will post 0.25 EPS for the current year.

Insider Activity at Aehr Test Systems

In other Aehr Test Systems news, Director Fariba Danesh sold 10,000 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $18.59, for a total transaction of $185,900.00. Following the transaction, the director now owns 16,390 shares in the company, valued at approximately $304,690.10. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Fariba Danesh sold 10,000 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $18.59, for a total transaction of $185,900.00. Following the completion of the sale, the director now owns 16,390 shares of the company’s stock, valued at $304,690.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Howard T. Slayen bought 20,000 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was purchased at an average cost of $15.50 per share, for a total transaction of $310,000.00. Following the completion of the acquisition, the director now owns 220,714 shares in the company, valued at $3,421,067. The disclosure for this purchase can be found here. 11.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Aehr Test Systems

Large investors have recently modified their holdings of the business. DekaBank Deutsche Girozentrale bought a new position in shares of Aehr Test Systems in the fourth quarter worth about $73,000. Handelsbanken Fonder AB acquired a new stake in shares of Aehr Test Systems during the 4th quarter valued at $4,510,000. Russell Investments Group Ltd. grew its position in Aehr Test Systems by 15.0% during the 4th quarter. Russell Investments Group Ltd. now owns 66,619 shares of the semiconductor company’s stock worth $1,767,000 after acquiring an additional 8,682 shares during the last quarter. Concentrum Wealth Management increased its stake in shares of Aehr Test Systems by 33.2% in the fourth quarter. Concentrum Wealth Management now owns 20,998 shares of the semiconductor company’s stock valued at $557,000 after buying an additional 5,230 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Aehr Test Systems by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 209,670 shares of the semiconductor company’s stock valued at $5,563,000 after acquiring an additional 9,117 shares during the period. Institutional investors and hedge funds own 69.69% of the company’s stock.

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.