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

Shares of Aehr Test Systems (NASDAQ AEHR) traded down $0.13 during midday trading on Wednesday, reaching $2.98. The company had a trading volume of 180,600 shares, compared to its average volume of 389,467. The stock has a market capitalization of $64.20, a price-to-earnings ratio of -14.90, a P/E/G ratio of 5.38 and a beta of 0.84. Aehr Test Systems has a 52-week low of $2.15 and a 52-week high of $6.10. 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 (NASDAQ:AEHR) last issued its earnings results on Thursday, January 4th. The semiconductor company reported $0.02 EPS for the quarter. The firm had revenue of $7.92 million for the quarter, compared to analyst estimates of $7.11 million. Aehr Test Systems had a negative return on equity of 26.85% and a negative net margin of 13.92%. sell-side analysts anticipate that Aehr Test Systems will post 0.03 earnings per share for the current year.

In other Aehr Test Systems news, insider Gayn Erickson sold 20,000 shares of the business’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 completion of the transaction, the insider now directly owns 341,063 shares of the company’s stock, valued at $1,159,614.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William W. R. Elder sold 28,168 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $3.51, for a total value 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 $100,891.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 85,128 shares of company stock worth $275,073. 21.90% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the business. AWM Investment Company Inc. lifted its holdings in Aehr Test Systems by 130.2% in the second quarter. AWM Investment Company Inc. now owns 1,332,890 shares of the semiconductor company’s stock valued at $4,998,000 after acquiring an additional 753,965 shares during the period. B. Riley Financial Inc. acquired a new position in Aehr Test Systems in the second quarter valued at approximately $1,889,000. Kennedy Capital Management Inc. lifted its holdings in Aehr Test Systems by 217.8% in the second quarter. Kennedy Capital Management Inc. now owns 551,212 shares of the semiconductor company’s stock valued at $2,067,000 after acquiring an additional 377,758 shares during the period. Victory Capital Management Inc. acquired a new position in Aehr Test Systems in the third quarter valued at approximately $1,817,000. Finally, EAM Investors LLC lifted its holdings in Aehr Test Systems by 115.4% in the second quarter. EAM Investors LLC now owns 263,019 shares of the semiconductor company’s stock valued at $986,000 after acquiring an additional 140,910 shares during the period. 27.16% of the stock is owned by institutional investors.

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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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