Aehr Test Systems (NASDAQ:AEHR) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Aehr Test Systems (NASDAQ:AEHR – Get Rating) in a research note issued to investors on Thursday. The firm set a “hold” rating on the semiconductor company’s stock.

Separately, Craig Hallum increased their target price on shares of Aehr Test Systems from $31.00 to $45.00 in a research report on Friday, January 20th.

Aehr Test Systems Stock Down 1.8 %

Shares of NASDAQ:AEHR opened at $32.25 on Thursday. The company’s 50 day moving average price is $32.44 and its two-hundred day moving average price is $24.04. Aehr Test Systems has a 12-month low of $6.71 and a 12-month high of $37.57. The firm has a market cap of $895.23 million, a PE ratio of 75.00 and a beta of 2.01.

Aehr Test Systems (NASDAQ:AEHR – Get Rating) last announced its earnings results on Thursday, January 5th. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.09. Aehr Test Systems had a net margin of 20.23% and a return on equity of 26.31%. The firm had revenue of $14.82 million for the quarter, compared to analyst estimates of $12.01 million. On average, research analysts expect that Aehr Test Systems will post 0.5 EPS for the current year.

Insider Transactions at Aehr Test Systems

In other news, insider David S. Hendrickson sold 5,253 shares of the company’s stock in a transaction that occurred on Wednesday, January 11th. The shares were sold at an average price of $28.71, for a total transaction of $150,813.63. Following the completion of the sale, the insider now owns 98,614 shares of the company’s stock, valued at approximately $2,831,207.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider David S. Hendrickson sold 5,253 shares of the company’s stock in a transaction that occurred on Wednesday, January 11th. The shares were sold at an average price of $28.71, for a total transaction of $150,813.63. Following the completion of the sale, the insider now owns 98,614 shares of the company’s stock, valued at approximately $2,831,207.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Gayn Erickson sold 50,496 shares of the company’s stock in a transaction that occurred on Tuesday, January 24th. The stock was sold at an average price of $35.00, for a total transaction of $1,767,360.00. Following the sale, the chief executive officer now directly owns 495,253 shares of the company’s stock, valued at approximately $17,333,855. The disclosure for this sale can be found here. In the last 90 days, insiders sold 336,952 shares of company stock valued at $11,125,489. Company insiders own 11.30% of the company’s stock.

Hedge Funds Weigh In On Aehr Test Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in AEHR. Citigroup Inc. lifted its stake in Aehr Test Systems by 63.8% in the 1st quarter. Citigroup Inc. now owns 30,628 shares of the semiconductor company’s stock valued at $311,000 after purchasing an additional 11,927 shares during the last quarter. BlackRock Inc. lifted its stake in Aehr Test Systems by 0.9% in the 1st quarter. BlackRock Inc. now owns 378,123 shares of the semiconductor company’s stock valued at $3,842,000 after purchasing an additional 3,455 shares during the last quarter. Vanguard Group Inc. lifted its stake in Aehr Test Systems by 5.6% in the 1st quarter. Vanguard Group Inc. now owns 1,207,181 shares of the semiconductor company’s stock valued at $12,265,000 after purchasing an additional 64,226 shares during the last quarter. Ergoteles LLC bought a new position in Aehr Test Systems in the 1st quarter valued at approximately $117,000. Finally, Northern Trust Corp lifted its stake in Aehr Test Systems by 7.9% in the 1st quarter. Northern Trust Corp now owns 41,440 shares of the semiconductor company’s stock valued at $421,000 after purchasing an additional 3,036 shares during the last quarter. Institutional investors own 42.97% of the company’s stock.

About Aehr Test Systems

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Aehr Test Systems engages in the design, manufacture and marketing of test and burn-in products to the semiconductor manufacturing industry. Its products include wafer contact test systems, test during burn-in systems, test fixtures and die carriers. The company was founded by Rhea J. Posedel on May 25, 1977 and is headquartered in Fremont, CA.