Aehr Test Systems (NASDAQ:AEHR) Upgraded to “Sell” at StockNews.com

Aehr Test Systems (NASDAQ:AEHR) was upgraded by stock analysts at StockNews.com to a “sell” rating in a note issued to investors on Wednesday.

Aehr Test Systems Stock Performance

NASDAQ AEHR opened at $13.22 on Wednesday. The business has a fifty day moving average price of $13.51 and a 200 day moving average price of $14.08. Aehr Test Systems has a one year low of $9.83 and a one year high of $21.44. The company has a market cap of $392.77 million, a P/E ratio of 17.63 and a beta of 1.86.

Aehr Test Systems (NASDAQ:AEHR) last posted its quarterly earnings data on Monday, January 13th. The semiconductor company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). Aehr Test Systems had a net margin of 43.41% and a return on equity of 21.09%. As a group, sell-side analysts predict that Aehr Test Systems will post 0.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Truvestments Capital LLC purchased a new stake in Aehr Test Systems in the 3rd quarter valued at about $36,000. Quarry LP purchased a new stake in Aehr Test Systems in the 3rd quarter valued at about $41,000. US Bancorp DE purchased a new stake in Aehr Test Systems in the 3rd quarter valued at about $77,000. Montanaro Asset Management Ltd purchased a new stake in Aehr Test Systems in the 3rd quarter valued at about $112,000. Finally, The Manufacturers Life Insurance Company raised its holdings in Aehr Test Systems by 7.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,045 shares of the semiconductor company’s stock valued at $123,000 after buying an additional 769 shares during the period. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Aehr Test Systems Company Profile

Aehr Test Systems provides test solutions for testing, burning-in, and semiconductor devices in wafer level, singulated die, and package part form, and installed systems worldwide. Its product portfolio includes FOX-XP and FOX-NP systems that are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize range of devices, including silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices.