Aehr Test Systems (NASDAQ:AEHR) Director Sells $420,219.96 in Stock

Aehr Test Systems (NASDAQ:AEHR) Director Rhea Posedel sold 13,998 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $30.02, for a total transaction of $420,219.96. Following the sale, the director directly owned 456,979 shares of the company’s stock, valued at approximately $13,718,509.58. The trade was a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Aehr Test Systems Stock Up 3.4%

Shares of Aehr Test Systems stock opened at $28.84 on Monday. The company has a market cap of $883.37 million, a P/E ratio of -96.13 and a beta of 2.31. The firm’s 50 day moving average price is $25.15 and its 200-day moving average price is $24.68. Aehr Test Systems has a 52-week low of $6.27 and a 52-week high of $37.49.

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

Analysts Set New Price Targets

AEHR has been the topic of a number of research analyst reports. Lake Street Capital initiated coverage on Aehr Test Systems in a research note on Wednesday, December 17th. They set 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 report on Monday, December 8th. Craig Hallum reaffirmed a “hold” rating on shares of Aehr Test Systems in a report on Friday, January 9th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Aehr Test Systems in a report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $21.00.

Institutional Trading of Aehr Test Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in AEHR. State Street Corp lifted its position in Aehr Test Systems by 3.7% during the fourth quarter. State Street Corp now owns 624,085 shares of the semiconductor company’s stock valued at $12,600,000 after purchasing an additional 21,982 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Aehr Test Systems in the 4th quarter valued at about $25,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Aehr Test Systems in the fourth quarter worth about $586,000. Wells Fargo & Company MN grew its holdings in Aehr Test Systems by 61.6% during the fourth quarter. Wells Fargo & Company MN now owns 35,219 shares of the semiconductor company’s stock worth $711,000 after acquiring an additional 13,421 shares during the period. Finally, New York State Common Retirement Fund grew its holdings in Aehr Test Systems by 89.8% during the fourth quarter. New York State Common Retirement Fund now owns 47,050 shares of the semiconductor company’s stock worth $950,000 after acquiring an additional 22,258 shares during the period. Institutional investors and hedge funds own 69.69% of the company’s stock.

About Aehr Test Systems

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.