Aehr Test Systems (NASDAQ:AEHR) Releases Earnings Results, Beats Estimates By $0.01 EPS

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) posted its quarterly earnings data on Tuesday. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01, reports. The firm had revenue of $14,100 billion for the quarter, compared to the consensus estimate of $14.83 million. Aehr Test Systems had a negative return on equity of 0.15% and a negative net margin of 6.63%.

Aehr Test Systems Stock Performance

NASDAQ AEHR traded down $0.48 during trading on Friday, reaching $14.11. 1,299,286 shares of the company's stock were exchanged, compared to its average volume of 1,219,248. The company has a 50 day moving average price of $11.01 and a two-hundred day moving average price of $10.82. The stock has a market cap of $420.05 million, a P/E ratio of -108.53 and a beta of 2.29. Aehr Test Systems has a 1 year low of $6.27 and a 1 year high of $21.44.

Insider Activity at Aehr Test Systems

In other Aehr Test Systems news, EVP Alberto Salamone sold 4,995 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $9.08, for a total transaction of $45,354.60. Following the sale, the executive vice president owned 56,241 shares of the company's stock, valued at approximately $510,668.28. This trade represents a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 6.20% of the company's stock.

Hedge Funds Weigh In On Aehr Test Systems

An institutional investor recently raised its position in Aehr Test Systems stock. Royal Bank of Canada lifted its position in Aehr Test Systems (NASDAQ:AEHR - Free Report) by 262.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,207 shares of the semiconductor company's stock after purchasing an additional 36,364 shares during the quarter. Royal Bank of Canada owned approximately 0.17% of Aehr Test Systems worth $365,000 at the end of the most recent quarter. Institutional investors and hedge funds own 69.69% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Aehr Test Systems to a "sell" rating in a report on Tuesday, May 13th.

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.