Aehr Test Systems' (AEHR) "Sell (D)" Rating Reaffirmed at Weiss Ratings

Key Points

• Aehr Test Systems has been reaffirmed with a "sell (D)" rating by Weiss Ratings, while Craig Hallum adjusted its rating from "buy" to "hold" with a target price of $24.00.
• During trading, AEHR stock rose to $26.20, showing fluctuations within the range of a 12-month low of $6.27 and a high of $34.35.
• The company recently reported earnings of $0.01 per share, meeting estimates but falling short on revenue at $11.00 million compared to expectations of $13.69 million.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report)'s stock had its "sell (d)" rating reissued by investment analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Separately, Craig Hallum lowered Aehr Test Systems from a "buy" rating to a "hold" rating and set a $24.00 price target on the stock. in a research report on Tuesday. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Aehr Test Systems presently has an average rating of "Reduce" and a consensus target price of $24.00.

Aehr Test Systems Stock Performance

Shares of AEHR stock traded up $0.05 during trading hours on Wednesday, hitting $26.20. The company had a trading volume of 1,492,083 shares, compared to its average volume of 1,312,068. Aehr Test Systems has a 12 month low of $6.27 and a 12 month high of $34.35. The firm has a market capitalization of $785.06 million, a price-to-earnings ratio of -119.23 and a beta of 2.47. The firm's fifty day moving average is $24.67 and its 200 day moving average is $15.73.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) last released its quarterly earnings data on Monday, October 6th. The semiconductor company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $11.00 million for the quarter, compared to analyst estimates of $13.69 million. Aehr Test Systems had a negative return on equity of 2.41% and a negative net margin of 11.71%.During the same period in the prior year, the company posted $0.07 EPS. On average, sell-side analysts expect that Aehr Test Systems will post 0.1 EPS for the current fiscal year.

Insider Activity

In other news, VP Alistair N. Sporck sold 3,000 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $14.13, for a total value of $42,390.00. Following the transaction, the vice president owned 30,808 shares of the company's stock, valued at $435,317.04. This represents a 8.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Laura Oliphant sold 5,000 shares of the stock in a transaction on Friday, July 25th. The shares were sold at an average price of $21.50, for a total value of $107,500.00. Following the completion of the transaction, the director directly owned 7,665 shares in the company, valued at approximately $164,797.50. This trade represents a 39.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,000 shares of company stock valued at $506,830 in the last 90 days. 6.80% of the stock is owned by company insiders.

Institutional Trading of Aehr Test Systems

Several hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. raised its stake in Aehr Test Systems by 1.9% during the 2nd quarter. Osaic Holdings Inc. now owns 63,608 shares of the semiconductor company's stock worth $822,000 after buying an additional 1,210 shares during the period. State of Wyoming acquired a new stake in Aehr Test Systems during the 2nd quarter worth $28,000. FORA Capital LLC acquired a new stake in Aehr Test Systems during the 2nd quarter worth $144,000. Tower Research Capital LLC TRC raised its stake in Aehr Test Systems by 159.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,144 shares of the semiconductor company's stock worth $131,000 after buying an additional 6,232 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in Aehr Test Systems during the 2nd quarter worth $116,000. Institutional investors and hedge funds own 69.69% of the company's stock.

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.

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