Insider Selling: Aehr Test Systems (NASDAQ:AEHR) Director Sells 10,000 Shares of Stock

Aehr Test Systems (NASDAQ:AEHR) Director Fariba Danesh sold 10,000 shares of the firm’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $18.59, for a total value of $185,900.00. Following the transaction, the director now directly owns 16,390 shares in the company, valued at $304,690.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Aehr Test Systems Trading Up 0.6 %

NASDAQ:AEHR traded up $0.12 during mid-day trading on Tuesday, reaching $18.66. 1,306,907 shares of the stock were exchanged, compared to its average volume of 1,478,788. The business has a fifty day moving average price of $13.42 and a 200 day moving average price of $13.90. The firm has a market capitalization of $539.65 million, a PE ratio of 35.65 and a beta of 2.08. Aehr Test Systems has a 1-year low of $9.83 and a 1-year high of $54.10.

Aehr Test Systems (NASDAQ:AEHR) last issued its quarterly earnings results on Friday, July 19th. The semiconductor company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.70. The firm had revenue of $16.60 million for the quarter. Aehr Test Systems had a return on equity of 39.32% and a net margin of 50.07%. During the same period in the prior year, the business posted $0.21 EPS. On average, sell-side analysts forecast that Aehr Test Systems will post 0.25 earnings per share for the current year.

Hedge Funds Weigh In On Aehr Test Systems

A number of institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its stake in Aehr Test Systems by 6.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,018 shares of the semiconductor company’s stock worth $199,000 after purchasing an additional 961 shares in the last quarter. RiverPark Advisors LLC boosted its position in Aehr Test Systems by 360.8% during the 1st quarter. RiverPark Advisors LLC now owns 2,069 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 1,620 shares during the period. Greenwood Capital Associates LLC boosted its position in Aehr Test Systems by 10.6% during the 4th quarter. Greenwood Capital Associates LLC now owns 21,046 shares of the semiconductor company’s stock worth $558,000 after acquiring an additional 2,023 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in Aehr Test Systems during the 4th quarter worth about $73,000. Finally, Stratos Wealth Partners LTD. boosted its position in Aehr Test Systems by 19.3% during the 4th quarter. Stratos Wealth Partners LTD. now owns 20,805 shares of the semiconductor company’s stock worth $552,000 after acquiring an additional 3,368 shares during the period. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AEHR shares. StockNews.com lowered Aehr Test Systems from a “hold” rating to a “sell” rating in a report on Friday. Craig Hallum raised Aehr Test Systems from a “hold” rating to a “buy” rating and lifted their target price for the stock from $12.00 to $25.00 in a report on Wednesday, July 17th.

Aehr Test Systems Company Profile

Aehr Test Systems provides test solutions for testing, burning-in, and semiconductor devices in wafer level, singulated die, and package part form, and installed systems worldwide. Its product portfolio includes FOX-XP and FOX-NP systems that are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize range of devices, including silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices.