Aehr Test Systems (NASDAQ:AEHR) Director Laura Oliphant Sells 4,546 Shares of Stock

Aehr Test Systems (NASDAQ:AEHR) Director Laura Oliphant sold 4,546 shares of the firm’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $31.40, for a total value of $142,744.40. Following the sale, the director directly owned 18,432 shares of the company’s stock, valued at approximately $578,764.80. This represents a 19.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Aehr Test Systems Stock Performance

AEHR opened at $26.78 on Tuesday. The firm has a market cap of $820.27 million, a P/E ratio of -89.26 and a beta of 2.33. The firm has a 50-day moving average of $23.76 and a 200 day moving average of $23.75. Aehr Test Systems has a fifty-two week low of $6.27 and a fifty-two week high of $34.35.

Aehr Test Systems (NASDAQ:AEHR) last announced its quarterly earnings data on Thursday, January 8th. The semiconductor company reported ($0.04) EPS for the quarter, topping the consensus estimate 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 analyst estimates of $11.45 million. Equities research analysts predict that Aehr Test Systems will post 0.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aehr Test Systems

A number of large investors have recently made changes to their positions in AEHR. Sunbelt Securities Inc. bought a new position in Aehr Test Systems in the 3rd quarter worth about $27,000. State of Wyoming purchased a new stake in shares of Aehr Test Systems in the second quarter worth about $28,000. Jones Financial Companies Lllp boosted its position 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 acquiring an additional 1,000 shares during the period. RiverPark Advisors LLC purchased a new position in Aehr Test Systems during the third quarter valued at approximately $42,000. Finally, Russell Investments Group Ltd. increased its holdings in Aehr Test Systems by 3,500.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,448 shares of the semiconductor company’s stock worth $74,000 after acquiring an additional 2,380 shares during the period. 69.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

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.