Aehr Test Systems (NASDAQ:AEHR) Trading Down 4.6%

Aehr Test Systems (NASDAQ:AEHR) was down 4.6% on Monday . The stock traded as low as $23.26 and last traded at $23.38. Approximately 163,445 shares changed hands during trading, a decline of 88% from the average daily volume of 1,323,517 shares. The stock had previously closed at $24.50.

Analysts Set New Price Targets

A number of brokerages have commented on AEHR. TheStreet cut Aehr Test Systems from a “b-” rating to a “c+” rating in a research report on Friday, October 27th. StockNews.com initiated coverage on shares of Aehr Test Systems in a report on Thursday, October 5th. They issued a “hold” rating for the company.

Aehr Test Systems Stock Performance

The company’s 50-day moving average price is $37.47 and its 200 day moving average price is $39.59. The stock has a market capitalization of $746.50 million, a P/E ratio of 40.50 and a beta of 2.11.

Aehr Test Systems (NASDAQ:AEHR) last posted its quarterly earnings results on Thursday, October 5th. The semiconductor company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). Aehr Test Systems had a net margin of 24.89% and a return on equity of 26.53%. The business had revenue of $20.62 million for the quarter, compared to the consensus estimate of $21.80 million. Analysts predict that Aehr Test Systems will post 0.97 earnings per share for the current year.

Insider Activity at Aehr Test Systems

In other Aehr Test Systems news, Director Howard T. Slayen purchased 700 shares of the company’s stock in a transaction on Wednesday, October 11th. The stock was acquired at an average cost of $40.20 per share, for a total transaction of $28,140.00. Following the purchase, the director now directly owns 186,989 shares of the company’s stock, valued at approximately $7,516,957.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, VP Alistair N. Sporck sold 955 shares of the firm’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $37.65, for a total transaction of $35,955.75. Following the completion of the transaction, the vice president now owns 11,988 shares in the company, valued at $451,348.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Howard T. Slayen bought 700 shares of Aehr Test Systems stock in a transaction dated Wednesday, October 11th. The stock was purchased at an average cost of $40.20 per share, for a total transaction of $28,140.00. Following the completion of the acquisition, the director now directly owns 186,989 shares of the company’s stock, valued at approximately $7,516,957.80. The disclosure for this purchase can be found here. 6.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Aehr Test Systems

Several institutional investors have recently added to or reduced their stakes in AEHR. BlackRock Inc. raised its holdings in shares of Aehr Test Systems by 253.4% during the 2nd quarter. BlackRock Inc. now owns 1,830,555 shares of the semiconductor company’s stock worth $75,510,000 after acquiring an additional 1,312,565 shares in the last quarter. Hood River Capital Management LLC lifted its position in Aehr Test Systems by 13.8% during the first quarter. Hood River Capital Management LLC now owns 1,543,106 shares of the semiconductor company’s stock valued at $47,867,000 after purchasing an additional 187,337 shares during the last quarter. Ameriprise Financial Inc. purchased a new position in shares of Aehr Test Systems in the 1st quarter worth $42,623,000. Driehaus Capital Management LLC increased its holdings in shares of Aehr Test Systems by 30.5% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,348,822 shares of the semiconductor company’s stock worth $55,639,000 after buying an additional 314,973 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Aehr Test Systems by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 1,207,181 shares of the semiconductor company’s stock valued at $12,265,000 after buying an additional 64,226 shares in the last quarter. Hedge funds and other institutional investors own 67.80% of the company’s stock.

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.