Aehr Test Systems (NASDAQ:AEHR - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $13.59 and traded as high as $15.17. Aehr Test Systems shares last traded at $15.13, with a volume of 686,579 shares traded.
Separately, StockNews.com lowered shares of Aehr Test Systems from a "hold" rating to a "sell" rating in a report on Saturday, October 5th.
View Our Latest Stock Report on AEHR
The stock has a market capitalization of $448.32 million, a PE ratio of 15.44 and a beta of 1.94. The business has a 50 day moving average price of $13.03 and a 200 day moving average price of $13.59.
Aehr Test Systems (NASDAQ:AEHR - Get Free Report) last released its quarterly earnings data on Thursday, October 10th. The semiconductor company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.05. The company had revenue of $13.12 million for the quarter, compared to analysts' expectations of $11.90 million. Aehr Test Systems had a return on equity of 29.31% and a net margin of 49.63%. On average, equities analysts expect that Aehr Test Systems will post 0.22 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its position in shares of Aehr Test Systems by 7.5% during 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 in the last quarter. Rhumbline Advisers grew its stake in shares of Aehr Test Systems by 3.8% in 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. Bouvel Investment Partners LLC lifted its stake in shares of Aehr Test Systems by 3.5% in the 3rd quarter. Bouvel Investment Partners LLC now owns 58,233 shares of the semiconductor company's stock valued at $748,000 after purchasing an additional 1,981 shares during the last quarter. nVerses Capital LLC bought a new stake in Aehr Test Systems in the second quarter worth $25,000. Finally, Truvestments Capital LLC purchased a new position in shares of Aehr Test Systems during the third quarter valued at approximately $36,000. Institutional investors own 69.69% of the company's stock.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Aehr Test Systems, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Aehr Test Systems wasn't on the list.
While Aehr Test Systems currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.