Aehr Test Systems’ (AEHR) Hold Rating Reiterated at Craig Hallum

Craig Hallum reissued their hold rating on shares of Aehr Test Systems (NASDAQ:AEHR) in a report issued on Tuesday, Marketbeat reports. They currently have a $12.00 price objective on the semiconductor company’s stock.

Several other research firms have also recently weighed in on AEHR. StockNews.com upgraded shares of Aehr Test Systems from a sell rating to a hold rating in a research note on Friday, January 19th. William Blair reiterated a market perform rating on shares of Aehr Test Systems in a research note on Monday.

Aehr Test Systems Trading Down 0.5 %

Shares of NASDAQ:AEHR opened at $12.40 on Tuesday. The stock has a market capitalization of $357.74 million, a PE ratio of 17.47 and a beta of 2.01. Aehr Test Systems has a 1 year low of $10.53 and a 1 year high of $54.10. The firm has a fifty day moving average price of $15.82 and a 200 day moving average price of $25.42.

Aehr Test Systems (NASDAQ:AEHR) last issued its quarterly earnings data on Tuesday, January 9th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. Aehr Test Systems had a net margin of 25.76% and a return on equity of 26.97%. The firm had revenue of $21.43 million during the quarter, compared to analysts’ expectations of $20.10 million. On average, sell-side analysts forecast that Aehr Test Systems will post 0.72 earnings per share for the current fiscal year.

Insider Activity

In related news, VP Avijit K. Ray-Chaudhuri purchased 3,000 shares of the stock in a transaction that occurred on Friday, January 12th. The stock was acquired at an average price of $17.87 per share, with a total value of $53,610.00. Following the completion of the acquisition, the vice president now directly owns 9,719 shares in the company, valued at approximately $173,678.53. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 shares were sold at an average price of $17.39, for a total transaction of $84,706.69. Following the completion of the sale, the chief executive officer now owns 427,935 shares of the company’s stock, valued at approximately $7,441,789.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Avijit K. Ray-Chaudhuri bought 3,000 shares of the stock in a transaction on Friday, January 12th. The shares were acquired at an average cost of $17.87 per share, with a total value of $53,610.00. Following the acquisition, the vice president now directly owns 9,719 shares in the company, valued at approximately $173,678.53. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 8,738 shares of company stock worth $151,723. Insiders own 11.30% of the company’s stock.

Hedge Funds Weigh In On Aehr Test Systems

Institutional investors and hedge funds have recently made changes to their positions in the company. Lazard Asset Management LLC bought a new stake in Aehr Test Systems in the 4th quarter valued at $34,000. IFP Advisors Inc lifted its position in Aehr Test Systems by 141.3% in the 3rd quarter. IFP Advisors Inc now owns 823 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 482 shares in the last quarter. Deutsche Bank AG bought a new stake in Aehr Test Systems in the 1st quarter valued at $40,000. PNC Financial Services Group Inc. lifted its position in Aehr Test Systems by 93.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,158 shares of the semiconductor company’s stock valued at $48,000 after acquiring an additional 558 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Aehr Test Systems by 1,027.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,578 shares of the semiconductor company’s stock worth $49,000 after buying an additional 1,438 shares in the last quarter. Institutional investors and hedge funds own 69.69% 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.