Aehr Test Systems (NASDAQ:AEHR) Stock Falls 5.8% – What’s Next?

06 Oct 2026, 13:21 by Renee Jackson · The Cerbat Gem

Shares of Aehr Test Systems (NASDAQ:AEHR – Get Free Report) were down 5.8% during trading on Tuesday. The stock traded as low as $99.15 and last traded at $98.3920. 1,163,256 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 2,446,824 shares. The stock had previously closed at $104.40.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AEHR. Jefferies Financial Group started coverage on shares of Aehr Test Systems in a research note on Thursday, August 13th. They issued a “buy” rating and a $175.00 price objective on the stock. Oppenheimer started coverage on Aehr Test Systems in a report on Thursday, September 10th. They set an “outperform” rating and a $120.00 price target for the company. Freedom Capital raised Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Zacks Research cut Aehr Test Systems from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Finally, Craig Hallum reiterated a “buy” rating and issued a $125.00 target price on shares of Aehr Test Systems in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $132.50.

Check Out Our Latest Report on AEHR

Aehr Test Systems Trading Down 5.2%

The stock’s 50-day moving average price is $96.92 and its 200-day moving average price is $87.54. The company has a market cap of $3.23 billion, a P/E ratio of -412.02 and a beta of 3.47.

Insiders Place Their Bets

In other news, EVP Alberto Salamone sold 9,672 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $127.72, for a total transaction of $1,235,307.84. Following the transaction, the executive vice president directly owned 41,962 shares of the company’s stock, valued at $5,359,386.64. This represents a 18.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Adil Engineer sold 15,000 shares of Aehr Test Systems stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $131.02, for a total transaction of $1,965,300.00. Following the completion of the sale, the chief operating officer directly owned 46,977 shares of the company’s stock, valued at approximately $6,154,926.54. The trade was a 24.20% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 109,475 shares of company stock valued at $13,827,160. 4.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AEHR. BlackRock Inc. bought a new position in shares of Aehr Test Systems in the second quarter valued at $255,476,000. State Street Corp increased its holdings in Aehr Test Systems by 14.4% during the 2nd quarter. State Street Corp now owns 712,926 shares of the semiconductor company’s stock worth $68,484,000 after purchasing an additional 89,620 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Aehr Test Systems during the 2nd quarter worth approximately $64,433,000. Next Century Growth Investors LLC raised its stake in shares of Aehr Test Systems by 99.9% in the fourth quarter. Next Century Growth Investors LLC now owns 552,506 shares of the semiconductor company’s stock worth $11,155,000 after purchasing an additional 276,160 shares during the last quarter. Finally, Rice Hall James & Associates LLC lifted its holdings in shares of Aehr Test Systems by 2.1% in the fourth quarter. Rice Hall James & Associates LLC now owns 453,568 shares of the semiconductor company’s stock valued at $9,158,000 after purchasing an additional 9,187 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

Aehr Test Systems Company Profile

(Get Free Report)

Aehr Test Systems (NASDAQ: AEHR) develops and manufactures test and burn-in equipment used by semiconductor manufacturers. Its systems are designed to identify reliability issues and manufacturing defects in integrated circuits, including devices tested at the wafer, die, and packaged-device levels.

The company’s product portfolio includes the FOX family of test and burn-in systems, WaferPak wafer-level test fixtures, and DiePak carriers for testing individual semiconductor dies. These solutions are used in the production of silicon carbide power semiconductors, silicon photonics devices, memory products, and other advanced semiconductor components.