David S. Hendrickson Sells 5,000 Shares of Aehr Test Systems (AEHR) 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 31st. The stock was sold at an average price of $3.44, for a total value of $17,200.00. Following the completion of the sale, the vice president now directly owns 25,351 shares of the company’s stock, valued at approximately $87,207.44. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Aehr Test Systems (NASDAQ AEHR) traded up 4.94% during mid-day trading on Tuesday, hitting $3.61. The company’s stock had a trading volume of 51,587 shares. The firm’s 50-day moving average is $3.56 and its 200-day moving average is $3.84. The company’s market cap is $77.77 million. Aehr Test Systems has a 12-month low of $2.15 and a 12-month high of $6.10.
Aehr Test Systems (NASDAQ:AEHR) last issued its quarterly earnings results on Thursday, September 28th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The business had revenue of $6.97 million for the quarter, compared to the consensus estimate of $6.75 million. Aehr Test Systems had a negative return on equity of 47.96% and a negative net margin of 23.79%. Analysts predict that Aehr Test Systems will post $0.03 EPS for the current fiscal year.
Separately, ValuEngine lowered Aehr Test Systems from a “hold” rating to a “sell” rating in a report on Friday.
Hedge funds have recently modified their holdings of the company. Granite Point Capital Management L.P. acquired a new position in shares of Aehr Test Systems during the second quarter worth $182,000. EAM Investors LLC increased its position in shares of 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 purchasing an additional 140,910 shares in the last quarter. Royce & Associates LP acquired a new position in shares of Aehr Test Systems during the second quarter worth $1,069,000. Victory Capital Management Inc. acquired a new position in shares of Aehr Test Systems during the third quarter worth $1,817,000. Finally, Vanguard Group Inc. increased its position in shares of 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 purchasing an additional 153,816 shares in the last quarter. 26.28% of the stock is currently owned by institutional investors and hedge funds.
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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