Zacks Investment Research downgraded shares of Aehr Test Systems (NASDAQ:AEHR) from a buy rating to a hold rating in a report published on Wednesday, January 3rd.
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 report on Thursday, December 21st.
Aehr Test Systems (AEHR) traded up $0.04 during mid-day trading on Wednesday, hitting $2.90. The stock had a trading volume of 155,226 shares, compared to its average volume of 334,116. Aehr Test Systems has a 52-week low of $2.15 and a 52-week high of $6.10. The company has a quick ratio of 2.64, a current ratio of 3.76 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $64.20, a PE ratio of -14.50, a P/E/G ratio of 5.38 and a beta of 0.84.
Aehr Test Systems (NASDAQ:AEHR) last posted its quarterly earnings results on Thursday, January 4th. The semiconductor company reported $0.02 earnings per share for the quarter. Aehr Test Systems had a negative return on equity of 26.85% and a negative net margin of 13.92%. The firm had revenue of $7.92 million during the quarter, compared to analysts’ expectations of $7.11 million. analysts expect that Aehr Test Systems will post 0.03 EPS for the current year.
In related news, insider Gayn Erickson sold 20,000 shares of Aehr Test Systems stock in a transaction 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 sale, the insider now 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 accessible through this hyperlink. Also, Director William W. R. Elder sold 28,168 shares of Aehr Test Systems stock in a transaction on Monday, November 6th. The stock was sold at an average price of $3.51, for a total value of $98,869.68. Following the completion of the sale, the director now directly owns 28,744 shares of the company’s stock, valued at approximately $100,891.44. The disclosure for this sale can be found here. Insiders sold 87,628 shares of company stock valued at $282,498 in the last ninety days. 21.90% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the business. AWM Investment Company Inc. grew its holdings in Aehr Test Systems by 130.2% during 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 purchasing an additional 753,965 shares during the period. Kennedy Capital Management Inc. grew its holdings in Aehr Test Systems by 217.8% during the second quarter. Kennedy Capital Management Inc. now owns 551,212 shares of the semiconductor company’s stock valued at $2,067,000 after purchasing an additional 377,758 shares during the period. B. Riley Financial Inc. bought a new stake in Aehr Test Systems during the second quarter valued at about $1,889,000. Vanguard Group Inc. grew its holdings in Aehr Test Systems by 45.3% during the second 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 period. Finally, Victory Capital Management Inc. bought a new stake in Aehr Test Systems during the third quarter valued at about $1,817,000. 27.16% of the stock is owned by institutional investors and hedge funds.
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About Aehr Test Systems
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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