Halter Ferguson Financial Inc. Sells 627,498 Shares of Aehr Test Systems $AEHR

Halter Ferguson Financial Inc. decreased its position in Aehr Test Systems (NASDAQ:AEHR) by 97.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,631 shares of the semiconductor company’s stock after selling 627,498 shares during the period. Halter Ferguson Financial Inc.’s holdings in Aehr Test Systems were worth $543,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of AEHR. Vanguard Group Inc. grew its stake in Aehr Test Systems by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 2,337,433 shares of the semiconductor company’s stock worth $47,193,000 after purchasing an additional 49,243 shares during the period. State of Alaska Department of Revenue acquired a new position in Aehr Test Systems in the fourth quarter valued at approximately $377,000. UBS Group AG lifted its stake in Aehr Test Systems by 55.7% in the fourth quarter. UBS Group AG now owns 243,129 shares of the semiconductor company’s stock valued at $4,909,000 after buying an additional 87,014 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Aehr Test Systems during the 4th quarter worth approximately $407,000. Finally, KLCM Advisors Inc. boosted its holdings in shares of Aehr Test Systems by 200.0% during the 3rd quarter. KLCM Advisors Inc. now owns 75,000 shares of the semiconductor company’s stock worth $2,258,000 after buying an additional 50,000 shares in the last quarter. Institutional investors own 69.69% of the company’s stock.

Insider Activity

In other news, Director Rhea J. Posedel sold 17,115 shares of the stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $100.00, for a total value of $1,711,500.00. Following the completion of the sale, the director directly owned 45,261 shares of the company’s stock, valued at $4,526,100. This represents a 27.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Alistair N. Sporck sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $93.50, for a total value of $187,000.00. Following the completion of the transaction, the vice president owned 5,177 shares in the company, valued at $484,049.50. This represents a 27.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 375,005 shares of company stock worth $28,656,178. Company insiders own 6.80% of the company’s stock.

Aehr Test Systems Trading Down 6.6%

Shares of AEHR stock opened at $67.57 on Tuesday. The firm has a fifty day simple moving average of $96.88 and a two-hundred day simple moving average of $58.47. Aehr Test Systems has a 12 month low of $12.19 and a 12 month high of $126.62. The firm has a market capitalization of $2.13 billion, a PE ratio of -178.22 and a beta of 3.17.

Aehr Test Systems (NASDAQ:AEHR) last announced its quarterly earnings results on Tuesday, April 7th. The semiconductor company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.02. The business had revenue of $10.31 million for the quarter, compared to analysts’ expectations of $10.85 million. Aehr Test Systems had a negative net margin of 25.23% and a negative return on equity of 7.15%. On average, equities analysts predict that Aehr Test Systems will post -0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AEHR. Craig Hallum upgraded shares of Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research note on Wednesday, April 8th. Weiss Ratings raised shares of Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Wall Street Zen upgraded shares of Aehr Test Systems from a “strong sell” rating to a “sell” rating in a report on Saturday, June 6th. Finally, Lake Street Capital reaffirmed a “buy” rating on shares of Aehr Test Systems in a research note on Wednesday, April 8th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Aehr Test Systems has an average rating of “Hold” and an average price target of $68.00.

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.