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 company’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $31.40, for a total value of $142,744.40. Following the transaction, the director owned 18,432 shares of the company’s stock, valued at approximately $578,764.80. The trade was a 19.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Aehr Test Systems Stock Down 4.5%

AEHR stock traded down $1.26 during mid-day trading on Monday, reaching $26.78. The company had a trading volume of 808,164 shares, compared to its average volume of 1,356,204. The stock’s 50-day simple moving average is $23.62 and its two-hundred day simple moving average is $23.66. The stock has a market capitalization of $820.27 million, a P/E ratio of -89.26 and a beta of 2.33. Aehr Test Systems has a one year low of $6.27 and a one year high of $34.35.

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

Hedge Funds Weigh In On Aehr Test Systems

Hedge funds have recently bought and sold shares of the business. Sunbelt Securities Inc. acquired a new stake in shares of Aehr Test Systems in the third quarter worth $27,000. Jones Financial Companies Lllp grew its position in Aehr Test Systems by 3,448.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,029 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 1,000 shares during the last quarter. RiverPark Advisors LLC acquired a new position in shares of Aehr Test Systems during the third quarter valued at about $42,000. State of Wyoming bought a new stake in shares of Aehr Test Systems in the second quarter valued at about $28,000. Finally, Russell Investments Group Ltd. grew its position in Aehr Test Systems by 3,500.0% during the third quarter. Russell Investments Group Ltd. now owns 2,448 shares of the semiconductor company’s stock worth $74,000 after buying an additional 2,380 shares in the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.