Aehr Test Systems (AEHR) Downgraded by Zacks Investment Research

Aehr Test Systems (NASDAQ:AEHR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

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 downgraded Aehr Test Systems from a “hold” rating to a “sell” rating in a research note on Thursday, December 21st.

Shares of Aehr Test Systems (AEHR) traded down $0.13 during trading hours on Wednesday, reaching $2.98. The company’s stock had a trading volume of 180,600 shares, compared to its average volume of 389,467. Aehr Test Systems has a one year low of $2.15 and a one year high of $6.10. The firm has a market capitalization of $64.20, a P/E ratio of -14.90, a PEG ratio of 5.38 and a beta of 0.84. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.76 and a quick ratio of 2.64.

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

In other news, Director William W. R. Elder sold 28,168 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $3.51, for a total transaction of $98,869.68. Following the completion of the transaction, the director now directly owns 28,744 shares of the company’s stock, valued at approximately $100,891.44. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Gayn Erickson sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $3.40, for a total value of $68,000.00. Following the transaction, the insider now directly owns 341,063 shares of the company’s stock, valued at $1,159,614.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 85,128 shares of company stock valued at $275,073. Corporate insiders own 21.90% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Granite Point Capital Management L.P. acquired a new position in shares of Aehr Test Systems during the 2nd quarter worth approximately $182,000. EAM Investors LLC raised its stake 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 valued at $986,000 after purchasing an additional 140,910 shares during the last quarter. Royce & Associates LP acquired a new position in Aehr Test Systems in the 2nd quarter valued at $1,069,000. Victory Capital Management Inc. acquired a new position in Aehr Test Systems in the 3rd quarter valued at $1,817,000. Finally, Vanguard Group Inc. raised its stake 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 valued at $1,851,000 after purchasing an additional 153,816 shares during the last quarter. 27.16% of the stock is owned by institutional investors and hedge funds.

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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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