Insider Selling: Aehr Test Systems (AEHR) VP Sells 5,000 Shares of Stock
Aehr Test Systems (NASDAQ:AEHR) VP David S. Hendrickson sold 5,000 shares of Aehr Test Systems stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $3.90, for a total transaction of $19,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Aehr Test Systems (NASDAQ AEHR) traded down 2.12% during midday trading on Wednesday, reaching $3.69. 91,305 shares of the company were exchanged. The company’s market capitalization is $79.03 million. Aehr Test Systems has a 52-week low of $2.15 and a 52-week high of $6.10. The company has a 50 day moving average of $3.39 and a 200-day moving average of $3.99.
Aehr Test Systems (NASDAQ:AEHR) last released its quarterly earnings results on Thursday, September 28th. The semiconductor company reported $0.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. Aehr Test Systems had a negative return on equity of 64.64% and a negative net margin of 23.79%. The business had revenue of $6.97 million during the quarter, compared to analysts’ expectations of $6.75 million. On average, equities research analysts anticipate that Aehr Test Systems will post $0.03 earnings per share for the current fiscal year.
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Hedge funds have recently made changes to their positions in the stock. Granite Point Capital Management L.P. acquired a new position in Aehr Test Systems during the second quarter worth $182,000. EAM Investors LLC grew its holdings in Aehr Test Systems by 115.4% during the second quarter. EAM Investors LLC now owns 263,019 shares of the semiconductor company’s stock worth $986,000 after acquiring an additional 140,910 shares during the period. Royce & Associates LP acquired a new position in Aehr Test Systems during the second quarter worth $1,069,000. Vanguard Group Inc. grew its holdings in Aehr Test Systems by 45.3% during the second quarter. Vanguard Group Inc. now owns 493,399 shares of the semiconductor company’s stock worth $1,851,000 after acquiring an additional 153,816 shares during the period. Finally, B. Riley Financial Inc. acquired a new position in Aehr Test Systems during the second quarter worth $1,889,000. 26.43% of the stock is currently owned by hedge funds and other institutional investors.
Aehr Test Systems Company Profile
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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