Aehr Test Systems (NASDAQ:AEHR) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Aehr Test Systems has a “Moderate Buy” consensus rating from eight analysts: five buys, one strong buy, one hold, and one sell. The average 12-month price target is $132.50, with recent targets ranging from $120 to $175.
• AEHR opened at $90.55, compared with a 1-year range of $18.70 to $147.40, and has a market capitalization of approximately $2.96 billion. Its beta of 3.06 indicates relatively high share-price volatility.
• Insiders sold $13.8 million worth of shares over the past 90 days, while institutional investors own 69.69% of the company. Recent institutional activity included new positions and increased stakes from several investment firms.

Shares of Aehr Test Systems (NASDAQ:AEHR - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eight ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $132.50.

A number of equities analysts have issued reports on AEHR shares. Oppenheimer assumed coverage on shares of Aehr Test Systems in a research report on Thursday, September 10th. They set an "outperform" rating and a $120.00 target price for the company. Wall Street Zen upgraded shares of Aehr Test Systems from a "sell" rating to a "hold" rating in a report on Saturday, July 18th. Weiss Ratings cut shares of Aehr Test Systems from a "sell (d)" rating to a "sell (e+)" rating in a research note on Wednesday, July 29th. Jefferies Financial Group initiated coverage on Aehr Test Systems in a research report on Thursday, August 13th. They issued a "buy" rating and a $175.00 price objective for the company. Finally, Freedom Capital upgraded Aehr Test Systems from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 16th.

Aehr Test Systems Price Performance

AEHR opened at $90.55 on Friday. The stock's 50 day simple moving average is $92.43 and its 200 day simple moving average is $82.44. The stock has a market cap of $2.96 billion, a P/E ratio of -377.28 and a beta of 3.06. Aehr Test Systems has a 1-year low of $18.70 and a 1-year high of $147.40.

Insider Activity at Aehr Test Systems

In other news, Director Howard Slayen sold 20,000 shares of the business's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $108.30, for a total transaction of $2,166,000.00. Following the completion of the sale, the director directly owned 146,367 shares of the company's stock, valued at $15,851,546.10. The trade was a 12.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Rhea Posedel sold 8,413 shares of the firm's stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $130.00, for a total value of $1,093,690.00. Following the completion of the transaction, the director owned 387,962 shares in the company, valued at approximately $50,435,060. This trade represents a 2.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 109,475 shares of company stock valued at $13,827,160 over the last 90 days. 4.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company boosted its stake in Aehr Test Systems by 33.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,480 shares of the semiconductor company's stock valued at $1,007,000 after acquiring an additional 2,624 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of Aehr Test Systems during the second quarter worth $1,512,000. Engineers Gate Manager LP lifted its position in shares of Aehr Test Systems by 5.2% in the 2nd quarter. Engineers Gate Manager LP now owns 21,542 shares of the semiconductor company's stock worth $2,069,000 after buying an additional 1,069 shares during the last quarter. IFP Advisors Inc acquired a new position in shares of Aehr Test Systems in the 2nd quarter valued at about $166,000. Finally, Arizona State Retirement System grew its position in shares of Aehr Test Systems by 3.2% during the 2nd quarter. Arizona State Retirement System now owns 8,245 shares of the semiconductor company's stock valued at $792,000 after buying an additional 253 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company's stock.

Aehr Test Systems Company Profile

Aehr Test Systems NASDAQ: AEHR develops and manufactures semiconductor test and burn-in equipment used to verify the reliability and performance of integrated circuits, wafers and packaged devices. Its systems are designed to identify defects and reliability issues before semiconductor products are shipped to customers.

The company's product portfolio includes the FOX family of test and burn-in systems, along with wafer-level and packaged-device solutions such as WaferPak contactors and DiePak carriers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.