Aehr Test Systems Sees Unusually Large Options Volume (NASDAQ:AEHR)

Aehr Test Systems (NASDAQ:AEHR) was the recipient of unusually large options trading on Wednesday. Stock traders acquired 6,725 call options on the stock. This represents an increase of 88% compared to the average volume of 3,584 call options.

Insider Transactions at Aehr Test Systems

In other Aehr Test Systems news, Director Laura Oliphant sold 4,546 shares of Aehr Test Systems stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $31.40, for a total value of $142,744.40. Following the completion of the sale, the director owned 18,432 shares in the company, valued at $578,764.80. The trade was a 19.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Aehr Test Systems

Hedge funds have recently modified their holdings of the stock. State of Wyoming boosted its holdings in Aehr Test Systems by 26.7% in the 3rd quarter. State of Wyoming now owns 2,777 shares of the semiconductor company’s stock worth $84,000 after acquiring an additional 586 shares during the period. CWM LLC lifted its position in shares of Aehr Test Systems by 15.1% during the second quarter. CWM LLC now owns 6,062 shares of the semiconductor company’s stock worth $78,000 after purchasing an additional 793 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in shares of Aehr Test Systems in the third quarter valued at $27,000. Jones Financial Companies Lllp boosted its stake in shares of Aehr Test Systems by 3,448.3% in the third quarter. Jones Financial Companies Lllp now owns 1,029 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 1,000 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Aehr Test Systems by 7.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 15,576 shares of the semiconductor company’s stock valued at $201,000 after purchasing an additional 1,145 shares in the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AEHR has been the subject of a number of recent analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Aehr Test Systems in a report on Wednesday, January 21st. Lake Street Capital assumed coverage on shares of Aehr Test Systems in a report on Wednesday, December 17th. They issued a “buy” rating on the stock. Zacks Research raised shares of Aehr Test Systems from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Finally, Craig Hallum reaffirmed a “hold” rating on shares of Aehr Test Systems in a research report on Friday, January 9th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Aehr Test Systems has a consensus rating of “Hold” and an average target price of $21.00.

Aehr Test Systems Stock Down 17.6%

Shares of AEHR stock opened at $27.89 on Friday. Aehr Test Systems has a fifty-two week low of $6.27 and a fifty-two week high of $37.49. The firm’s 50 day moving average price is $25.06 and its two-hundred day moving average price is $24.54. The stock has a market cap of $854.27 million, a price-to-earnings ratio of -92.96 and a beta of 2.31.

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

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.