Aehr Test Systems (NASDAQ:AEHR) Director Rhea Posedel Sells 13,998 Shares of Stock

Aehr Test Systems (NASDAQ:AEHR) Director Rhea Posedel sold 13,998 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $30.02, for a total value of $420,219.96. Following the completion of the transaction, the director directly owned 456,979 shares of the company’s stock, valued at approximately $13,718,509.58. This trade represents a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Aehr Test Systems Stock Up 3.4%

AEHR opened at $28.84 on Friday. The firm has a market cap of $883.37 million, a P/E ratio of -96.13 and a beta of 2.31. The business’s fifty day simple moving average is $25.15 and its 200 day simple moving average is $24.59. Aehr Test Systems has a 52 week low of $6.27 and a 52 week high of $37.49.

Aehr Test Systems (NASDAQ:AEHR) last released its earnings results on Thursday, January 8th. The semiconductor company reported ($0.04) earnings per share (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 analyst estimates of $11.45 million. As a group, equities analysts expect that Aehr Test Systems will post 0.1 EPS for the current fiscal year.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Aehr Test Systems by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 2,337,433 shares of the semiconductor company’s stock worth $47,193,000 after acquiring an additional 49,243 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in Aehr Test Systems during the 3rd quarter worth $26,920,000. Geode Capital Management LLC increased its holdings in Aehr Test Systems by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 685,694 shares of the semiconductor company’s stock valued at $13,846,000 after purchasing an additional 5,591 shares in the last quarter. Halter Ferguson Financial Inc. increased its holdings in Aehr Test Systems by 41.7% in the 4th quarter. Halter Ferguson Financial Inc. now owns 642,129 shares of the semiconductor company’s stock valued at $12,965,000 after purchasing an additional 189,117 shares in the last quarter. Finally, State Street Corp raised its position in Aehr Test Systems by 3.7% in the fourth quarter. State Street Corp now owns 624,085 shares of the semiconductor company’s stock valued at $12,600,000 after purchasing an additional 21,982 shares during the period. 69.69% of the stock is owned by institutional investors and hedge funds.

About Aehr Test Systems

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.