Aehr Test Systems (AEHR) Raised to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Aehr Test Systems (NASDAQ:AEHR) from a hold rating to a buy rating in a research note issued to investors on Thursday morning. The firm currently has $3.25 price objective on the semiconductor company’s stock.

According to Zacks, “Aehr Test Systems develops, manufactures and sells systems which are designed to reduce the cost of testing DRAMs and other memory devices, perform reliability screening or burn-in of complex logic and memory devices, and enable IC manufacturers to perform test and burn-in of bare die. Leveraging its expertise as a long-time leading provider of burn-in equipment, with over 2,000 systems installed worldwide, the Company has developed and introduced two innovative product families, the MTX system and the DiePak-Registered Trademark- carrier. “

Separately, ValuEngine lowered shares of Aehr Test Systems from a hold rating to a sell rating in a research note on Friday, October 27th.

Shares of Aehr Test Systems (AEHR) traded up $0.08 during trading on Thursday, hitting $3.23. 612,220 shares of the stock were exchanged, compared to its average volume of 279,420. The firm has a market cap of $69.58, a price-to-earnings ratio of -11.14, a PEG ratio of 5.38 and a beta of 0.84. The company has a current ratio of 3.76, a quick ratio of 2.64 and a debt-to-equity ratio of 0.35. Aehr Test Systems has a 1-year low of $2.15 and a 1-year high of $6.10.

Aehr Test Systems (NASDAQ:AEHR) last issued its earnings results on Thursday, January 4th. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $7.92 million for the quarter, compared to analyst estimates of $7.11 million. Aehr Test Systems had a negative net margin of 13.92% and a negative return on equity of 26.85%. equities analysts expect that Aehr Test Systems will post 0.03 EPS for the current year.

In related news, Director William W. R. Elder sold 28,168 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $3.51, for a total transaction of $98,869.68. Following the sale, the director now owns 28,744 shares in the company, valued at $100,891.44. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Gayn Erickson sold 20,000 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $3.40, for a total transaction of $68,000.00. Following the sale, the insider now owns 341,063 shares in the company, valued at approximately $1,159,614.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 85,128 shares of company stock worth $275,073. 21.90% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royce & Associates LP raised its stake in Aehr Test Systems by 7.0% during the third quarter. Royce & Associates LP now owns 305,000 shares of the semiconductor company’s stock worth $1,247,000 after acquiring an additional 20,000 shares during the period. Granite Point Capital Management L.P. bought a new position in Aehr Test Systems in the 2nd quarter worth about $182,000. EAM Investors LLC grew its position in Aehr Test Systems by 115.4% in the 2nd quarter. EAM Investors LLC now owns 263,019 shares of the semiconductor company’s stock worth $986,000 after purchasing an additional 140,910 shares during the last quarter. Vanguard Group Inc. grew its position in Aehr Test Systems by 45.3% in the 2nd quarter. Vanguard Group Inc. now owns 493,399 shares of the semiconductor company’s stock worth $1,851,000 after purchasing an additional 153,816 shares during the last quarter. Finally, Kennedy Capital Management Inc. grew its position in Aehr Test Systems by 217.8% in the 2nd quarter. Kennedy Capital Management Inc. now owns 551,212 shares of the semiconductor company’s stock worth $2,067,000 after purchasing an additional 377,758 shares during the last quarter. Hedge funds and other institutional investors own 27.16% of the company’s stock.

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Aehr Test Systems Company Profile

Aehr Test Systems is engaged in the designing, manufacturing and marketing of advanced test and burn-in products to the semiconductor manufacturing industry. The Company manufactures and markets full wafer contact test systems, test during burn-in systems, test fixtures, die carriers and related accessories.

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