Aehr Test Systems (NASDAQ:AEHR) Given Consensus Rating of "Buy" by Analysts

Key Points

• Aehr Test Systems has a consensus “Buy” rating from seven analysts: four rate it a buy, two a strong buy, and one a sell. The average 12-month price target is approximately $136.67.
• Institutional ownership is substantial at 69.69%, with major investors including California State Teachers Retirement System, UBS Asset Management, and Wellington Management increasing their holdings during the second quarter.
• AEHR opened at $101.73 and has traded between $17.33 and $147.40 over the past year. Insiders sold 109,475 shares worth $13.83 million over the last 90 days, while the company’s shares carry a high beta of 3.10.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) has received a consensus rating of "Buy" from the seven brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $136.6667.

AEHR has been the subject of several research reports. Weiss Ratings cut shares of Aehr Test Systems from a "sell (d)" rating to a "sell (e+)" rating in a research report on Wednesday, July 29th. Wall Street Zen raised shares of Aehr Test Systems from a "sell" rating to a "hold" rating in a report on Saturday, July 18th. Freedom Capital raised shares of Aehr Test Systems from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 16th. Lake Street Capital restated a "buy" rating and set a $110.00 target price on shares of Aehr Test Systems in a report on Wednesday, July 15th. Finally, Zacks Research upgraded Aehr Test Systems from a "hold" rating to a "strong-buy" rating in a report on Friday, July 17th.

Insider Activity

In other Aehr Test Systems news, Director Howard T. Slayen sold 5,700 shares of Aehr Test Systems stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $133.03, for a total value of $758,271.00. Following the transaction, the director owned 140,667 shares in the company, valued at $18,712,931.01. The trade was a 3.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Laura Oliphant sold 1,717 shares of the business's stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $133.00, for a total transaction of $228,361.00. Following the completion of the transaction, the director owned 16,100 shares of the company's stock, valued at $2,141,300. This represents a 9.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 109,475 shares of company stock worth $13,827,160 over the last ninety days. 6.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. California State Teachers Retirement System raised its stake in shares of Aehr Test Systems by 7,836.7% during the 2nd quarter. California State Teachers Retirement System now owns 3,301,582 shares of the semiconductor company's stock worth $317,150,000 after acquiring an additional 3,259,983 shares in the last quarter. Nykredit A S acquired a new stake in Aehr Test Systems in the second quarter valued at approximately $28,000. GTS Securities LLC purchased a new position in Aehr Test Systems in the second quarter worth $393,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Aehr Test Systems by 53.6% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 52,815 shares of the semiconductor company's stock worth $5,073,000 after purchasing an additional 18,434 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Aehr Test Systems by 56.0% during the second quarter. Wellington Management Group LLP now owns 238,453 shares of the semiconductor company's stock worth $22,906,000 after purchasing an additional 85,568 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company's stock.

Aehr Test Systems Price Performance

AEHR stock opened at $101.73 on Monday. Aehr Test Systems has a 1-year low of $17.33 and a 1-year high of $147.40. The business has a 50-day moving average price of $94.63 and a 200 day moving average price of $74.93. The company has a market capitalization of $3.32 billion, a P/E ratio of -423.86 and a beta of 3.10.

Aehr Test Systems Company Profile

Aehr Test Systems develops, manufactures and sells semiconductor test and burn-in equipment used by device manufacturers to ensure quality and reliability of integrated circuits. Its products are designed for wafer-level reliability assessment, functional test and stress screening of memory devices, system-on-chips, optical components and power semiconductors. By focusing on wafer-level burn-in and testing processes, the company helps reduce cost and improve yield for high-volume semiconductor production.

The company's product portfolio includes FOX series wafer probe test and burn-in systems as well as ABTS burn-in ovens.

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