Aehr Test Systems (AEHR) Scheduled to Post Quarterly Earnings on Thursday
Aehr Test Systems (NASDAQ:AEHR) is scheduled to announce its earnings results after the market closes on Thursday, September 28th. Analysts expect the company to announce earnings of ($0.01) per share for the quarter.
Aehr Test Systems (NASDAQ:AEHR) last announced its quarterly earnings results on Wednesday, July 19th. The semiconductor company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. Aehr Test Systems had a negative net margin of 29.91% and a negative return on equity of 103.76%. The firm had revenue of $6.68 million during the quarter, compared to analysts’ expectations of $6.03 million. On average, analysts expect Aehr Test Systems to post $0.01 EPS for the current fiscal year and $0.30 EPS for the next fiscal year.
Aehr Test Systems (AEHR) opened at 3.47 on Thursday. The firm’s market capitalization is $74.32 million. Aehr Test Systems has a 1-year low of $2.15 and a 1-year high of $6.10. The firm has a 50-day moving average of $3.43 and a 200-day moving average of $4.09.
In other news, Director Rhea J. Posedel sold 50,000 shares of Aehr Test Systems stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $4.07, for a total value of $203,500.00. Following the transaction, the director now directly owns 46,834 shares of the company’s stock, valued at $190,614.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Carl N. Buck sold 22,080 shares of Aehr Test Systems stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $4.06, for a total transaction of $89,644.80. The disclosure for this sale can be found here. Insiders sold a total of 193,426 shares of company stock worth $746,511 in the last ninety days. Corporate insiders own 38.10% of the company’s stock.
A hedge fund recently raised its stake in Aehr Test Systems stock. Vanguard Group Inc. increased its stake in shares of Aehr Test Systems (NASDAQ:AEHR) by 45.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 493,399 shares of the semiconductor company’s stock after purchasing an additional 153,816 shares during the quarter. Vanguard Group Inc. owned approximately 2.59% of Aehr Test Systems worth $1,851,000 as of its most recent filing with the SEC. Institutional investors own 26.43% of the company’s stock.
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Separately, ValuEngine upgraded shares of Aehr Test Systems from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd.
About Aehr Test Systems
Aehr Test Systems is engaged in the designing, manufacturing and marketing of advanced test and burn-in products to the semiconductor manufacturing industry. The Company manufactures and markets full wafer contact test systems, test during burn-in systems, test fixtures, die carriers and related accessories.
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