Aehr Test Systems (AEHR) Stock Rating Lowered by ValuEngine

Aehr Test Systems (NASDAQ:AEHR) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Separately, TheStreet upgraded shares of Aehr Test Systems from a “d+” rating to a “c” rating in a report on Friday, July 20th.

Shares of NASDAQ AEHR opened at $2.20 on Tuesday. Aehr Test Systems has a one year low of $1.80 and a one year high of $3.95.

Aehr Test Systems (NASDAQ:AEHR) last issued its earnings results on Thursday, September 27th. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.04). Aehr Test Systems had a negative return on equity of 5.33% and a negative net margin of 3.65%. The firm had revenue of $4.74 million during the quarter.

In other news, Director John M. Schneider sold 14,168 shares of the firm’s stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $2.40, for a total value of $34,003.20. Following the transaction, the director now owns 2,945 shares in the company, valued at $7,068. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gayn Erickson sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 24th. The stock was sold at an average price of $2.51, for a total transaction of $50,200.00. Following the completion of the transaction, the chief executive officer now owns 364,063 shares in the company, valued at approximately $913,798.13. The disclosure for this sale can be found here. Insiders sold 56,668 shares of company stock worth $136,534 in the last 90 days. Company insiders own 18.30% of the company’s stock.

A hedge fund recently raised its stake in Aehr Test Systems stock. Royce & Associates LP increased its holdings in Aehr Test Systems (NASDAQ:AEHR) by 46.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 446,800 shares of the semiconductor company’s stock after acquiring an additional 141,800 shares during the quarter. Royce & Associates LP owned about 2.04% of Aehr Test Systems worth $1,050,000 as of its most recent filing with the Securities & Exchange Commission. 21.41% of the stock is currently owned by hedge funds and other institutional investors.

About Aehr Test Systems

Aehr Test Systems primarily designs, engineers, manufactures, and sells test and burn-in equipment for use in the semiconductor industry worldwide. It provides full wafer contact test systems, test during burn-in systems, test fixtures, and related accessories. The company offers Advanced Burn-in and Test System family of packaged part burn-in and test systems, which perform test during burn-in of complex devices, such as digital signal processors, microprocessors, microcontrollers, and systems-on-a-chip, as well as individual temperature control for high-power advanced logic devices.

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