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

Key Points

• Aehr Test Systems' stock received a reaffirmed "sell (D)" rating from Weiss Ratings, indicating continued negative sentiment among analysts.
• The company's shares recently experienced a price change, trading up 1.9% to $25.56, with a market cap of $767.15 million.
• Aehr Test Systems reported earnings of $0.01 per share for the quarter, falling short of revenue expectations with actual revenue at $11 million versus the forecasted $13.69 million.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by stock analysts at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

A number of other research analysts have also recently weighed in on AEHR. Craig Hallum cut shares of Aehr Test Systems from a "buy" rating to a "hold" rating and set a $24.00 price objective for the company. in a report on Tuesday, October 7th. Zacks Research cut shares of Aehr Test Systems from a "hold" rating to a "strong sell" rating in a report on Thursday, October 9th. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Sell" and a consensus target price of $24.00.

Aehr Test Systems Stock Up 1.9%

Shares of AEHR traded up $0.47 during trading on Friday, reaching $25.56. 764,396 shares of the company traded hands, compared to its average volume of 1,340,036. Aehr Test Systems has a twelve month low of $6.27 and a twelve month high of $34.35. The stock has a market cap of $767.15 million, a PE ratio of -116.35 and a beta of 2.47. The stock has a 50-day simple moving average of $26.50 and a 200-day simple moving average of $17.17.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) last announced its quarterly earnings results on Monday, October 6th. The semiconductor company reported $0.01 earnings per share for the quarter, meeting analysts' consensus estimates of $0.01. Aehr Test Systems had a negative net margin of 11.71% and a negative return on equity of 2.41%. The business had revenue of $11.00 million during the quarter, compared to analysts' expectations of $13.69 million. During the same period last year, the business earned $0.07 earnings per share. On average, equities research analysts predict that Aehr Test Systems will post 0.1 EPS for the current year.

Insider Buying and Selling

In other Aehr Test Systems news, Director Fariba Danesh sold 9,000 shares of the company's stock in a transaction on Thursday, October 9th. The shares were sold at an average price of $24.79, for a total transaction of $223,110.00. Following the completion of the transaction, the director owned 16,643 shares in the company, valued at approximately $412,579.97. This represents a 35.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.80% of the company's stock.

Institutional Investors Weigh In On Aehr Test Systems

A number of large investors have recently added to or reduced their stakes in the business. CWM LLC grew its stake in Aehr Test Systems by 15.1% in the 2nd quarter. CWM LLC now owns 6,062 shares of the semiconductor company's stock valued at $78,000 after acquiring an additional 793 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Aehr Test Systems by 7.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 15,576 shares of the semiconductor company's stock worth $201,000 after purchasing an additional 1,145 shares during the last quarter. Osaic Holdings Inc. boosted its stake in shares of 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 purchasing an additional 1,210 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Aehr Test Systems by 3.1% during the 2nd quarter. Rhumbline Advisers now owns 41,466 shares of the semiconductor company's stock worth $536,000 after purchasing an additional 1,254 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Aehr Test Systems by 8.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,225 shares of the semiconductor company's stock worth $126,000 after purchasing an additional 1,344 shares during the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

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.

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