Aehr Test Systems (NASDAQ:AEHR) Issues Earnings Results

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) issued its quarterly earnings results on Tuesday. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.04), Zacks reports. Aehr Test Systems had a return on equity of 21.15% and a net margin of 37.17%. The company had revenue of $14.10 million for the quarter, compared to analyst estimates of $14.83 million.

Aehr Test Systems Stock Performance

AEHR traded down $1.88 during mid-day trading on Wednesday, reaching $13.29. The stock had a trading volume of 6,620,875 shares, compared to its average volume of 1,238,319. The stock has a market capitalization of $395.66 million, a P/E ratio of 17.04 and a beta of 2.29. Aehr Test Systems has a 52 week low of $6.27 and a 52 week high of $21.44. The firm's fifty day simple moving average is $10.79 and its two-hundred day simple moving average is $10.80.

Insider Activity

In other news, EVP Alberto Salamone sold 4,995 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $9.08, for a total transaction of $45,354.60. Following the transaction, the executive vice president owned 56,241 shares of the company's stock, valued at $510,668.28. This represents a 8.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 6.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Aehr Test Systems to a "sell" rating in a research note 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.