Aehr Test Systems (NASDAQ:AEHR) Shares Down 9.2% - What's Next?

Key Points

• Aehr Test Systems fell 9.2% on Friday, closing around $55.45; trading volume was 80% below its average.
• The company beat quarterly estimates, reporting EPS of $0.28 versus $0.11 expected and revenue of $33.01 million versus $27.53 million expected.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $118.75, though ratings range from strong buy to sell.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report)'s share price traded down 9.2% during trading on Friday. The stock traded as low as $55.31 and last traded at $55.4540. 502,061 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 2,523,556 shares. The stock had previously closed at $61.04.

Analyst Upgrades and Downgrades

AEHR has been the subject of several research reports. Oppenheimer initiated coverage on Aehr Test Systems in a report on Thursday, September 10th. They set an "outperform" rating and a $120.00 price objective for the company. Freedom Capital upgraded Aehr Test Systems from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 16th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Aehr Test Systems in a research report on Tuesday, October 27th. Wall Street Zen raised Aehr Test Systems from a "sell" rating to a "hold" rating in a research report on Saturday, July 18th. Finally, Lake Street Capital cut their price target on Aehr Test Systems from $110.00 to $90.00 and set a "buy" rating for the company in a research note on Tuesday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $118.75.

Aehr Test Systems Trading Down 6.0%

The company's fifty day moving average is $78.35 and its 200 day moving average is $75.15. The company has a market capitalization of $1.88 billion, a P/E ratio of 1,435.60 and a beta of 3.36.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) last issued its earnings results on Monday, November 2nd. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.17. The business had revenue of $33.01 million for the quarter, compared to analysts' expectations of $27.53 million. Aehr Test Systems had a net margin of 2.97% and a return on equity of 1.76%.

Institutional Trading of Aehr Test Systems

Several institutional investors and hedge funds have recently bought and sold shares of AEHR. BlackRock Inc. purchased a new stake in shares of Aehr Test Systems in the second quarter worth $255,476,000. State Street Corp raised its holdings in shares of Aehr Test Systems by 8.4% in the 3rd quarter. State Street Corp now owns 772,959 shares of the semiconductor company's stock valued at $77,002,000 after acquiring an additional 60,033 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Aehr Test Systems in the 2nd quarter valued at about $64,433,000. AWM Investment Company Inc. purchased a new stake in shares of Aehr Test Systems in the 2nd quarter valued at about $36,004,000. Finally, Wellington Management Group LLP boosted its position in shares of Aehr Test Systems by 56.0% during the 2nd quarter. Wellington Management Group LLP now owns 238,453 shares of the semiconductor company's stock valued at $22,906,000 after acquiring an additional 85,568 shares during the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Aehr Test Systems Company Profile

Aehr Test Systems designs, manufactures and markets semiconductor test and burn-in equipment and related products. Its systems are used to test devices at the wafer, die and packaged-chip stages of production. The company's offerings include FOX series test and burn-in systems, WaferPak wafer-level contactors and DiePak carriers. These products support testing for applications such as silicon carbide power semiconductors, silicon photonics and other devices used in automotive, computing and communications markets.

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.