Aehr Test Systems (AEHR) Cut to “Hold” at 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 Tuesday, January 16th.

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 cut Aehr Test Systems from a “hold” rating to a “sell” rating in a report on Friday, October 27th.

Aehr Test Systems (AEHR) traded down $0.07 on Tuesday, reaching $2.20. The company had a trading volume of 163,841 shares, compared to its average volume of 131,420. The company has a current ratio of 4.55, a quick ratio of 3.30 and a debt-to-equity ratio of 0.34. Aehr Test Systems has a fifty-two week low of $2.16 and a fifty-two week high of $6.10. The company has a market cap of $47.96, a price-to-earnings ratio of -11.00, a price-to-earnings-growth ratio of 3.67 and a beta of 0.75.

Aehr Test Systems (NASDAQ:AEHR) last posted its quarterly earnings results on Thursday, January 4th. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter. Aehr Test Systems had a negative return on equity of 23.69% and a negative net margin of 13.92%. The business had revenue of $7.92 million for the quarter, compared to analyst estimates of $7.11 million. equities research analysts anticipate that Aehr Test Systems will post 0.03 EPS for the current fiscal year.

In other Aehr Test Systems news, insider Gayn Erickson sold 20,000 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $2.51, for a total value of $50,200.00. Following the completion of the sale, the insider now owns 369,063 shares in the company, valued at approximately $926,348.13. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders sold 55,000 shares of company stock valued at $148,450. Company insiders own 21.90% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Keybank National Association OH purchased a new stake in Aehr Test Systems in the 4th quarter worth approximately $213,000. Virtu Financial LLC purchased a new stake in Aehr Test Systems in the 4th quarter worth approximately $299,000. EAM Investors LLC lifted its holdings in Aehr Test Systems by 115.4% in the 2nd quarter. EAM Investors LLC now owns 263,019 shares of the semiconductor company’s stock worth $986,000 after buying an additional 140,910 shares during the period. Royce & Associates LP lifted its holdings in Aehr Test Systems by 7.0% in the 3rd quarter. Royce & Associates LP now owns 305,000 shares of the semiconductor company’s stock worth $1,247,000 after buying an additional 20,000 shares during the period. Finally, Victory Capital Management Inc. purchased a new stake in Aehr Test Systems in the 3rd quarter worth approximately $1,817,000. Institutional investors and hedge funds own 26.83% of the company’s stock.

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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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