Aehr Test Systems (NASDAQ:AEHR) Director Fariba Danesh Sells 9,000 Shares

Aehr Test Systems (NASDAQ:AEHR) Director Fariba Danesh sold 9,000 shares of the firm’s stock in a transaction dated Thursday, October 9th. The stock was sold at an average price of $24.79, for a total value of $223,110.00. Following the completion of the transaction, the director directly owned 16,643 shares in the company, valued at $412,579.97. The trade was a 35.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Aehr Test Systems Stock Down 6.6%

AEHR stock opened at $23.49 on Friday. The stock has a market cap of $704.93 million, a P/E ratio of -106.77 and a beta of 2.47. Aehr Test Systems has a twelve month low of $6.27 and a twelve month high of $34.35. The business’s 50-day moving average price is $25.13 and its 200-day moving average price is $16.01.

Aehr Test Systems (NASDAQ:AEHR) last announced its quarterly earnings data on Monday, October 6th. The semiconductor company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $11.00 million for the quarter, compared to the consensus estimate of $13.69 million. Aehr Test Systems had a negative net margin of 11.71% and a negative return on equity of 2.41%. During the same period last year, the firm earned $0.07 EPS. On average, equities research analysts expect that Aehr Test Systems will post 0.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Aehr Test Systems

A number of hedge funds have recently made changes to their positions in AEHR. GAMMA Investing LLC lifted its position in shares of Aehr Test Systems by 1,753.1% in the first quarter. GAMMA Investing LLC now owns 7,079 shares of the semiconductor company’s stock worth $52,000 after buying an additional 6,697 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Aehr Test Systems by 5.7% in the first quarter. Rhumbline Advisers now owns 40,212 shares of the semiconductor company’s stock worth $293,000 after buying an additional 2,165 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Aehr Test Systems in the first quarter worth about $267,000. Charles Schwab Investment Management Inc. raised its position in Aehr Test Systems by 4.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 225,923 shares of the semiconductor company’s stock valued at $1,647,000 after purchasing an additional 10,327 shares during the period. Finally, Invesco Ltd. raised its position in Aehr Test Systems by 88.8% during the first quarter. Invesco Ltd. now owns 30,226 shares of the semiconductor company’s stock valued at $220,000 after purchasing an additional 14,219 shares during the period. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Craig Hallum lowered Aehr Test Systems from a “buy” rating to a “hold” rating and set a $24.00 price objective for the company. in a research note on Tuesday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Aehr Test Systems in a research note on Wednesday. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $24.00.

Aehr Test Systems Company Profile

Aehr Test Systems provides test solutions for testing, burning-in, and semiconductor devices in wafer level, singulated die, and package part form, and installed systems worldwide. Its product portfolio includes FOX-XP and FOX-NP systems that are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize range of devices, including silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices.