Brokers Offer Predictions for Aehr Test Systems' FY2024 Earnings (NASDAQ:AEHR)

Aehr Test Systems (NASDAQ:AEHR - Free Report) - Equities research analysts at William Blair upped their FY2024 earnings per share estimates for shares of Aehr Test Systems in a research report issued to clients and investors on Wednesday, April 10th. William Blair analyst J. Dorsheimer now anticipates that the semiconductor company will post earnings of $0.40 per share for the year, up from their previous forecast of $0.39. William Blair has a "Market Perform" rating on the stock. The consensus estimate for Aehr Test Systems' current full-year earnings is $0.40 per share.

Other equities analysts also recently issued reports about the company. Craig Hallum reissued a "hold" rating and set a $12.00 price objective on shares of Aehr Test Systems in a research report on Tuesday, March 26th. StockNews.com downgraded Aehr Test Systems from a "hold" rating to a "sell" rating in a research report on Thursday.

Aehr Test Systems Price Performance

Shares of Aehr Test Systems stock traded down $0.15 on Monday, reaching $11.55. 1,191,833 shares of the company were exchanged, compared to its average volume of 1,637,688. Aehr Test Systems has a 1-year low of $10.53 and a 1-year high of $54.10. The company has a market cap of $334.03 million, a P/E ratio of 22.21 and a beta of 1.98. The stock's 50 day moving average price is $14.83 and its 200-day moving average price is $22.23.

Institutional Investors Weigh In On Aehr Test Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in Aehr Test Systems by 183.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 200,553 shares of the semiconductor company's stock worth $9,165,000 after acquiring an additional 129,890 shares during the period. Invesco Ltd. grew its holdings in Aehr Test Systems by 379.1% in the third quarter. Invesco Ltd. now owns 596,660 shares of the semiconductor company's stock valued at $27,267,000 after purchasing an additional 472,113 shares during the last quarter. Trexquant Investment LP acquired a new stake in Aehr Test Systems in the third quarter valued at $472,000. Bank of New York Mellon Corp grew its holdings in Aehr Test Systems by 96.8% in the third quarter. Bank of New York Mellon Corp now owns 192,470 shares of the semiconductor company's stock valued at $8,796,000 after purchasing an additional 94,657 shares during the last quarter. Finally, Citigroup Inc. grew its holdings in Aehr Test Systems by 588.8% in the third quarter. Citigroup Inc. now owns 69,618 shares of the semiconductor company's stock valued at $3,182,000 after purchasing an additional 59,511 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company's stock.

Insider Buying and Selling

In other Aehr Test Systems news, CEO Gayn Erickson sold 4,871 shares of the business's stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $17.39, for a total value of $84,706.69. Following the completion of the sale, the chief executive officer now owns 427,935 shares in the company, valued at $7,441,789.65. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders sold a total of 8,738 shares of company stock worth $151,723 over the last 90 days. 6.30% of the stock is owned by insiders.

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.