Insider Selling: Aehr Test Systems (NASDAQ:AEHR) Director Sells 4,546 Shares of Stock

Aehr Test Systems (NASDAQ:AEHR) Director Laura Oliphant sold 4,546 shares of the business’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $31.40, for a total transaction of $142,744.40. Following the sale, the director owned 18,432 shares of the company’s stock, valued at approximately $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 through the SEC website.

Aehr Test Systems Stock Performance

Shares of NASDAQ:AEHR traded down $1.26 during midday trading on Monday, hitting $26.78. 808,164 shares of the company’s stock traded hands, compared to its average volume of 1,356,204. The firm’s fifty day moving average price is $23.62 and its two-hundred day moving average price is $23.66. Aehr Test Systems has a twelve month low of $6.27 and a twelve month high of $34.35. The company has a market cap of $820.27 million, a PE ratio of -89.26 and a beta of 2.33.

Aehr Test Systems (NASDAQ:AEHR) last released its quarterly earnings data on Thursday, January 8th. The semiconductor company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.04. Aehr Test Systems had a negative return on equity of 4.57% and a negative net margin of 16.63%.The company had revenue of $9.88 million for the quarter, compared to analyst estimates of $11.45 million. As a group, equities research analysts anticipate that Aehr Test Systems will post 0.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Craig Hallum reiterated a “hold” rating on shares of Aehr Test Systems in a research note on Friday, January 9th. Lake Street Capital started coverage on shares of Aehr Test Systems in a research note on Wednesday, December 17th. They set a “buy” rating on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Aehr Test Systems in a research report on Wednesday. Finally, Zacks Research raised Aehr Test Systems from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. One equities research 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 data from MarketBeat.com, Aehr Test Systems presently has a consensus rating of “Hold” and a consensus target price of $21.00.

Hedge Funds Weigh In On Aehr Test Systems

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Aehr Test Systems by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 2,288,190 shares of the semiconductor company’s stock worth $68,897,000 after buying an additional 65,444 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in Aehr Test Systems during the third quarter worth about $26,920,000. Geode Capital Management LLC lifted its holdings in Aehr Test Systems by 1.3% in the second quarter. Geode Capital Management LLC now owns 678,546 shares of the semiconductor company’s stock worth $8,775,000 after acquiring an additional 8,658 shares during the last quarter. Halter Ferguson Financial Inc. boosted its stake in Aehr Test Systems by 3.0% in the third quarter. Halter Ferguson Financial Inc. now owns 453,012 shares of the semiconductor company’s stock valued at $13,640,000 after acquiring an additional 13,298 shares during the period. Finally, Kennedy Capital Management LLC bought a new position in shares of Aehr Test Systems during the second quarter valued at approximately $5,751,000. 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.