Aehr Test Systems (NASDAQ:AEHR) Announces Earnings Results

Key Points

• Aehr Test Systems reported a loss of ($0.05) earnings per share, missing analysts' expectations of $0.01.
• The company's stock price increased by 36% following a hyperscaler order, indicating significant market interest and trading volume.
• Institutional investor holdings in Aehr Test Systems have changed, with notable increases from firms like Royal Bank of Canada and American Century Companies Inc.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) issued its earnings results on Monday. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.06), Zacks reports. Aehr Test Systems had a negative return on equity of 0.15% and a negative net margin of 6.63%.

Aehr Test Systems Price Performance

Shares of AEHR stock traded up $0.63 during trading hours on Monday, reaching $31.65. The company had a trading volume of 2,472,260 shares, compared to its average volume of 1,268,151. Aehr Test Systems has a 12 month low of $6.27 and a 12 month high of $34.35. The business has a fifty day simple moving average of $24.31 and a 200-day simple moving average of $15.50. The company has a market cap of $948.55 million, a price-to-earnings ratio of -243.44 and a beta of 2.47.

Insider Activity at Aehr Test Systems

In related news, Director Rhea J. Posedel sold 18,000 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $19.83, for a total transaction of $356,940.00. Following the completion of the sale, the director directly owned 71,163 shares of the company's stock, valued at approximately $1,411,162.29. This trade represents a 20.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Alistair N. Sporck sold 3,000 shares of the stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $14.13, for a total value of $42,390.00. Following the sale, the vice president directly owned 30,808 shares of the company's stock, valued at $435,317.04. The trade was a 8.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,000 shares of company stock valued at $506,830. 6.80% of the stock is owned by insiders.

Institutional Trading of Aehr Test Systems

A number of institutional investors and hedge funds have recently modified their holdings of the business. Osaic Holdings Inc. increased its position in shares of Aehr Test Systems by 1.9% during the second quarter. Osaic Holdings Inc. now owns 63,608 shares of the semiconductor company's stock valued at $822,000 after acquiring an additional 1,210 shares during the last quarter. Royal Bank of Canada increased its position in Aehr Test Systems by 262.7% in the first quarter. Royal Bank of Canada now owns 50,207 shares of the semiconductor company's stock worth $365,000 after buying an additional 36,364 shares during the last quarter. Rhumbline Advisers increased its position in Aehr Test Systems by 3.1% in the second quarter. Rhumbline Advisers now owns 41,466 shares of the semiconductor company's stock worth $536,000 after buying an additional 1,254 shares during the last quarter. American Century Companies Inc. increased its position in Aehr Test Systems by 88.1% in the second quarter. American Century Companies Inc. now owns 22,106 shares of the semiconductor company's stock worth $286,000 after buying an additional 10,354 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Aehr Test Systems by 8.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,225 shares of the semiconductor company's stock worth $126,000 after buying an additional 1,344 shares during the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Aehr Test Systems in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Aehr Test Systems currently has a consensus rating of "Sell".

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.

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