StockNews.com Lowers Aehr Test Systems (NASDAQ:AEHR) to Sell

StockNews.com lowered shares of Aehr Test Systems (NASDAQ:AEHR) from a hold rating to a sell rating in a research note issued to investors on Friday morning.

Separately, Craig Hallum upgraded shares of Aehr Test Systems from a hold rating to a buy rating and boosted their price target for the company from $12.00 to $25.00 in a research report on Wednesday, July 17th.

Aehr Test Systems Price Performance

Shares of AEHR stock opened at $18.54 on Friday. The company’s fifty day simple moving average is $13.42 and its two-hundred day simple moving average is $13.90. Aehr Test Systems has a 1 year low of $9.83 and a 1 year high of $54.10. The stock has a market capitalization of $536.18 million, a price-to-earnings ratio of 35.65 and a beta of 2.08.

Aehr Test Systems (NASDAQ:AEHR) last issued its earnings results on Friday, July 19th. The semiconductor company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.70. Aehr Test Systems had a net margin of 50.07% and a return on equity of 39.32%. The business had revenue of $16.60 million for the quarter. During the same period in the previous year, the firm earned $0.21 EPS. Equities research analysts anticipate that Aehr Test Systems will post 0.25 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Aehr Test Systems by 39.0% in the first quarter. Vanguard Group Inc. now owns 2,097,712 shares of the semiconductor company’s stock valued at $26,012,000 after acquiring an additional 588,953 shares during the last quarter. Baillie Gifford & Co. increased its stake in Aehr Test Systems by 101.6% in the second quarter. Baillie Gifford & Co. now owns 1,670,590 shares of the semiconductor company’s stock valued at $18,660,000 after acquiring an additional 841,964 shares during the last quarter. Congress Asset Management Co. MA bought a new position in Aehr Test Systems in the fourth quarter valued at $23,229,000. Weiss Asset Management LP bought a new position in Aehr Test Systems in the fourth quarter valued at $14,458,000. Finally, Halter Ferguson Financial Inc. bought a new position in Aehr Test Systems in the fourth quarter valued at $8,532,000. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

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.