Aehr Test Systems (NASDAQ:AEHR) to Post FY2024 Earnings of $0.40 Per Share, William Blair Forecasts

Aehr Test Systems (NASDAQ:AEHR) – Equities researchers at William Blair lifted their FY2024 earnings per share estimates for shares of Aehr Test Systems in a research report issued on Wednesday, April 10th. William Blair analyst J. Dorsheimer now expects that the semiconductor company will post earnings per share of $0.40 for the year, up from their previous estimate of $0.39. William Blair currently 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 research analysts have also issued research reports about the company. StockNews.com lowered Aehr Test Systems from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. Craig Hallum restated a “hold” rating and set a $12.00 price objective on shares of Aehr Test Systems in a research report on Tuesday, March 26th.

Aehr Test Systems Trading Up 0.3 %

Shares of AEHR opened at $11.59 on Monday. The firm has a market cap of $335.18 million, a price-to-earnings ratio of 22.29 and a beta of 1.98. The stock has a 50 day moving average of $14.76 and a 200-day moving average of $21.99. Aehr Test Systems has a 52 week low of $10.53 and a 52 week high of $54.10.

Insider Activity at Aehr Test Systems

In other Aehr Test Systems news, CEO Gayn Erickson sold 4,871 shares of Aehr Test Systems stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $17.39, for a total transaction of $84,706.69. Following the sale, the chief executive officer now owns 427,935 shares of the company’s stock, valued at approximately $7,441,789.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 7,201 shares of company stock worth $125,225 in the last 90 days. 6.30% of the stock is currently owned by company insiders.

Institutional Trading of Aehr Test Systems

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

About Aehr Test Systems

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.