Aehr Test Systems (NASDAQ:AEHR) Shares Gap Up – Should You Buy?

by · The Markets Daily

Aehr Test Systems (NASDAQ:AEHRGet Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $96.43, but opened at $101.84. Aehr Test Systems shares last traded at $97.50, with a volume of 357,139 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have weighed in on AEHR shares. Zacks Research raised Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Jefferies Financial Group began coverage on shares of Aehr Test Systems in a report on Thursday, August 13th. They set a “buy” rating and a $175.00 target price for the company. Weiss Ratings downgraded shares of Aehr Test Systems from a “sell (d)” rating to a “sell (e+)” rating in a report on Wednesday, July 29th. Freedom Capital upgraded shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Finally, Wall Street Zen upgraded Aehr Test Systems from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $136.67.

View Our Latest Research Report on AEHR

Aehr Test Systems Stock Up 2.4%

The business’s fifty day moving average price is $94.24 and its 200 day moving average price is $75.42. The firm has a market capitalization of $3.22 billion, a PE ratio of -413.61 and a beta of 3.10.

Insider Buying and Selling at Aehr Test Systems

In related news, Director Laura Oliphant sold 1,717 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $133.00, for a total transaction of $228,361.00. Following the transaction, the director directly owned 16,100 shares in the company, valued at approximately $2,141,300. This represents a 9.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Rhea J. Posedel sold 5,973 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $140.00, for a total value of $836,220.00. Following the completion of the sale, the director directly owned 381,989 shares in the company, valued at approximately $53,478,460. The trade was a 1.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 109,475 shares of company stock valued at $13,827,160. 6.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Aehr Test Systems

Several hedge funds have recently modified their holdings of AEHR. Advocate Investing Services LLC purchased a new stake in Aehr Test Systems in the second quarter valued at approximately $26,000. Nykredit A S purchased a new stake in shares of Aehr Test Systems during the 2nd quarter valued at $28,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of Aehr Test Systems during the 2nd quarter valued at $34,000. KBC Group NV acquired a new stake in shares of Aehr Test Systems during the 1st quarter worth $30,000. Finally, Sunbelt Securities Inc. acquired a new stake in shares of Aehr Test Systems during the 3rd quarter worth $27,000. 69.69% of the stock is owned by institutional investors and hedge funds.

About Aehr Test Systems

(Get Free Report)

Aehr Test Systems develops, manufactures and sells semiconductor test and burn-in equipment used by device manufacturers to ensure quality and reliability of integrated circuits. Its products are designed for wafer-level reliability assessment, functional test and stress screening of memory devices, system-on-chips, optical components and power semiconductors. By focusing on wafer-level burn-in and testing processes, the company helps reduce cost and improve yield for high-volume semiconductor production.

The company’s product portfolio includes FOX series wafer probe test and burn-in systems as well as ABTS burn-in ovens.

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