Aehr Test Systems (NASDAQ:AEHR) Upgraded by StockNews.com to Sell Rating

StockNews.com upgraded shares of Aehr Test Systems (NASDAQ:AEHR) to a sell rating in a research note released on Wednesday morning.

Aehr Test Systems Stock Performance

NASDAQ:AEHR opened at $12.59 on Wednesday. Aehr Test Systems has a fifty-two week low of $9.83 and a fifty-two week high of $21.44. The company has a 50 day moving average price of $13.54 and a 200 day moving average price of $14.10. The stock has a market capitalization of $374.05 million, a P/E ratio of 16.79 and a beta of 1.86.

Aehr Test Systems (NASDAQ:AEHR) last released its quarterly earnings results 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 return on equity of 21.09% and a net margin of 43.41%. Research analysts forecast that Aehr Test Systems will post 0.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AEHR. Rhumbline Advisers lifted its holdings in Aehr Test Systems by 3.8% during the 2nd quarter. Rhumbline Advisers now owns 39,333 shares of the semiconductor company’s stock worth $439,000 after buying an additional 1,438 shares in the last quarter. Diker Management LLC purchased a new stake in shares of Aehr Test Systems during the second quarter worth $1,676,000. The Manufacturers Life Insurance Company raised its stake in shares of Aehr Test Systems by 7.5% in the second quarter. The Manufacturers Life Insurance Company now owns 11,045 shares of the semiconductor company’s stock valued at $123,000 after acquiring an additional 769 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in Aehr Test Systems in the second quarter valued at $361,000. Finally, SG Americas Securities LLC acquired a new position in Aehr Test Systems during the 3rd quarter worth $130,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

About Aehr Test Systems

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.