Equities Analysts Issue Forecasts for Aehr Test Systems’ FY2024 Earnings (NASDAQ:AEHR)

Aehr Test Systems (NASDAQ:AEHR) – Research analysts at William Blair upped their FY2024 earnings per share (EPS) estimates for shares of Aehr Test Systems in a report released on Wednesday, April 10th. William Blair analyst J. Dorsheimer now expects that the semiconductor company will post earnings of $0.40 per share for the year, up from their previous estimate of $0.39. William Blair has a “Market Perform” rating on the stock. The consensus estimate for Aehr Test Systems’ current full-year earnings is $0.40 per share.

A number of other research firms have also issued reports on AEHR. Craig Hallum reaffirmed a “hold” rating and issued a $12.00 target price on shares of Aehr Test Systems in a research note on Tuesday, March 26th. StockNews.com lowered Aehr Test Systems from a “hold” rating to a “sell” rating in a research note on Thursday, April 11th.

Aehr Test Systems Price Performance

AEHR opened at $11.55 on Monday. The stock has a market cap of $334.03 million, a P/E ratio of 22.21 and a beta of 1.98. The stock’s 50 day simple moving average is $14.83 and its 200 day simple moving average is $22.23. Aehr Test Systems has a 1-year low of $10.53 and a 1-year high of $54.10.

Hedge Funds Weigh In On Aehr Test Systems

Several large investors have recently modified their holdings of AEHR. Citigroup Inc. lifted its position in shares of Aehr Test Systems by 63.8% during the first quarter. Citigroup Inc. now owns 30,628 shares of the semiconductor company’s stock worth $311,000 after purchasing an additional 11,927 shares during the last quarter. BlackRock Inc. lifted its holdings in Aehr Test Systems by 0.9% in the first quarter. BlackRock Inc. now owns 378,123 shares of the semiconductor company’s stock worth $3,842,000 after acquiring an additional 3,455 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Aehr Test Systems by 5.6% during the first quarter. Vanguard Group Inc. now owns 1,207,181 shares of the semiconductor company’s stock valued at $12,265,000 after buying an additional 64,226 shares during the last quarter. Ergoteles LLC bought a new stake in shares of Aehr Test Systems during the first quarter valued at approximately $117,000. Finally, Northern Trust Corp raised its holdings in shares of Aehr Test Systems by 7.9% during the first quarter. Northern Trust Corp now owns 41,440 shares of the semiconductor company’s stock valued at $421,000 after buying an additional 3,036 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.

Insider Activity at Aehr Test Systems

In other news, CEO Gayn Erickson sold 4,871 shares of the firm’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $17.39, for a total transaction of $84,706.69. Following the completion of the sale, the chief executive officer now directly owns 427,935 shares in the company, valued at $7,441,789.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders sold 7,201 shares of company stock worth $125,225. Corporate insiders own 6.30% 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.