Aehr Test Systems (NASDAQ:AEHR) Director Sells $142,744.40 in Stock

Aehr Test Systems (NASDAQ:AEHR) Director Laura Oliphant sold 4,546 shares of the stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $31.40, for a total transaction of $142,744.40. Following the transaction, the director directly owned 18,432 shares of the company’s stock, valued at $578,764.80. This represents a 19.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Aehr Test Systems Price Performance

Shares of AEHR opened at $27.98 on Thursday. Aehr Test Systems has a 1 year low of $6.27 and a 1 year high of $34.35. The stock’s fifty day moving average price is $24.08 and its two-hundred day moving average price is $23.87. The firm has a market cap of $857.03 million, a PE ratio of -93.26 and a beta of 2.33.

Aehr Test Systems (NASDAQ:AEHR) last announced its quarterly earnings results on Thursday, January 8th. The semiconductor company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.04. Aehr Test Systems had a negative net margin of 16.63% and a negative return on equity of 4.57%. The company had revenue of $9.88 million for the quarter, compared to analysts’ expectations of $11.45 million. Sell-side analysts anticipate that Aehr Test Systems will post 0.1 earnings per share for the current fiscal year.

Institutional Trading of Aehr Test Systems

Hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada lifted its holdings in shares of Aehr Test Systems by 262.7% during the first quarter. Royal Bank of Canada now owns 50,207 shares of the semiconductor company’s stock valued at $365,000 after purchasing an additional 36,364 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Aehr Test Systems by 8.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,225 shares of the semiconductor company’s stock valued at $126,000 after buying an additional 1,344 shares in the last quarter. CWM LLC raised its stake in Aehr Test Systems by 15.1% during the second quarter. CWM LLC now owns 6,062 shares of the semiconductor company’s stock valued at $78,000 after buying an additional 793 shares during the last quarter. Penbrook Management LLC boosted its holdings in Aehr Test Systems by 205.1% in the second quarter. Penbrook Management LLC now owns 126,250 shares of the semiconductor company’s stock worth $1,632,000 after acquiring an additional 84,875 shares in the last quarter. Finally, AlphaQuest LLC boosted its holdings in Aehr Test Systems by 697.6% in the second quarter. AlphaQuest LLC now owns 20,156 shares of the semiconductor company’s stock worth $261,000 after acquiring an additional 17,629 shares in the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on AEHR shares. Weiss Ratings reissued a “sell (d)” rating on shares of Aehr Test Systems in a research note on Wednesday, January 21st. Zacks Research raised shares of Aehr Test Systems from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Lake Street Capital began coverage on shares of Aehr Test Systems in a research report on Wednesday, December 17th. They issued a “buy” rating on the stock. Finally, Craig Hallum reaffirmed a “hold” rating on shares of Aehr Test Systems in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $21.00.

Aehr Test Systems Company Profile

Aehr Test Systems develops, manufactures and sells semiconductor test and burn-in equipment used by device manufacturers to ensure quality and reliability of integrated circuits. Its products are designed for wafer-level reliability assessment, functional test and stress screening of memory devices, system-on-chips, optical components and power semiconductors. By focusing on wafer-level burn-in and testing processes, the company helps reduce cost and improve yield for high-volume semiconductor production.

The company’s product portfolio includes FOX series wafer probe test and burn-in systems as well as ABTS burn-in ovens.