10 Most Oversold Semiconductor Stocks in 2024

6. Aehr Test Systems Inc. (NASDAQ:AEHR)

Share price return in 2024: -33%

Number of Hedge Fund Holders: 15

Aehr Test Systems Inc. (NASDAQ:AEHR) provides advanced solutions for testing, burning-in, and stabilizing semiconductor devices in wafer level, singulated die, and package part form. The company’s focus includes high-performance semiconductor devices for applications such as electric vehicles, EV charging infrastructure, solar and wind power, computing, data and telecommunications infrastructure, and solid-state memory storage.

Aehr Test Systems Inc. (NASDAQ:AEHR) experienced considerable volatility in its share price throughout 2024. The year began with a share price of $24.95, which plummeted by 40% in January alone, reaching $14.7. This decline was primarily due to a weaker outlook, as the company reduced its 2024 revenue guidance from at least $100 million to a range of $75 million to $85 million. Management also observed that the slowing growth in the electric vehicle market appeared to be negatively affecting the timing of both current and new customer orders, as well as planned capacity increases for silicon carbide devices. The share price dropped another 30% by mid-April, touching the year’s low of around $10.3. For the rest of the year, the share price fluctuated widely between $20.6 and $10, ending the year at $16.6.

In 2025, Aehr Test Systems Inc. (NASDAQ:AEHR) saw its share price further decline by 25%, mainly because of the Q2 FY 2025 results that fell short of street expectations. Notwithstanding, an analyst from Craig Hallum lowered his price target on the shares to $19 from $25, yet maintained his Buy rating, encouraged by the company’s execution and reiteration of full-year guidance.