Howard Slayen Sells 6,819 Shares of Aehr Test Systems (NASDAQ:AEHR) Stock

Aehr Test Systems (NASDAQ:AEHR) Director Howard Slayen sold 6,819 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $104.73, for a total value of $714,153.87. Following the sale, the director owned 169,709 shares in the company, valued at approximately $17,773,623.57. The trade was a 3.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Aehr Test Systems Trading Down 6.4%

NASDAQ AEHR opened at $99.50 on Friday. The stock’s 50-day moving average price is $64.54 and its two-hundred day moving average price is $39.52. The company has a market cap of $3.13 billion, a PE ratio of -261.84 and a beta of 3.26. Aehr Test Systems has a 1 year low of $8.31 and a 1 year high of $108.75.

Aehr Test Systems (NASDAQ:AEHR) last posted its quarterly earnings data on Tuesday, April 7th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.02. The firm had revenue of $10.31 million for the quarter, compared to the consensus estimate of $10.85 million. Aehr Test Systems had a negative return on equity of 7.15% and a negative net margin of 25.23%. Research analysts forecast that Aehr Test Systems will post -0.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. William Blair upgraded Aehr Test Systems from a “market perform” rating to an “outperform” rating in a report on Monday, March 2nd. Wall Street Zen downgraded Aehr Test Systems from a “sell” rating to a “strong sell” rating in a report on Saturday. Lake Street Capital reiterated a “buy” rating on shares of Aehr Test Systems in a report on Wednesday, April 8th. Weiss Ratings upgraded Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Finally, Craig Hallum upgraded Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a report on Wednesday, April 8th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Aehr Test Systems presently has an average rating of “Hold” and a consensus price target of $68.00.

Hedge Funds Weigh In On Aehr Test Systems

A number of large investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company acquired a new position in shares of Aehr Test Systems in the 1st quarter valued at about $291,000. Clough Capital Partners L P bought a new stake in shares of Aehr Test Systems in the 1st quarter valued at approximately $812,000. Cetera Investment Advisers grew its stake in shares of Aehr Test Systems by 20.0% in the 1st quarter. Cetera Investment Advisers now owns 13,920 shares of the semiconductor company’s stock valued at $516,000 after buying an additional 2,322 shares in the last quarter. KBC Group NV bought a new stake in shares of Aehr Test Systems in the 1st quarter valued at approximately $30,000. Finally, Swiss National Bank grew its stake in shares of Aehr Test Systems by 2.1% in the 1st quarter. Swiss National Bank now owns 57,500 shares of the semiconductor company’s stock valued at $2,132,000 after buying an additional 1,200 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

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.