Aehr Test Systems (NASDAQ:AEHR) Director Fariba Danesh Sells 3,500 Shares

Key Points

• Fariba Danesh sold 3,500 shares on April 10 at $70.05 and another 7,000 shares on April 13 at $71.49, generating total proceeds of $745,605.
• Following the April 10 transaction Danesh directly owned 13,143 shares, a reported 21.03% decrease in her stake, per an SEC filing.
• AEHR trades around $71.66 near its 12‑month high of $74.53 with a market cap of $2.25B; the company recently beat EPS estimates despite negative margins and carries a consensus analyst rating of "Hold" with an average target of $68.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) Director Fariba Danesh sold 3,500 shares of the company's stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $70.05, for a total value of $245,175.00. Following the transaction, the director directly owned 13,143 shares of the company's stock, valued at $920,667.15. This represents a 21.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Fariba Danesh also recently made the following trade(s):

• On Monday, April 13th, Fariba Danesh sold 7,000 shares of Aehr Test Systems stock. The stock was sold at an average price of $71.49, for a total value of $500,430.00.

Aehr Test Systems Price Performance

NASDAQ:AEHR traded up $1.23 during trading hours on Monday, reaching $71.66. 3,367,030 shares of the stock were exchanged, compared to its average volume of 3,112,454. Aehr Test Systems has a twelve month low of $7.71 and a twelve month high of $74.53. The firm has a 50 day moving average of $38.57 and a 200 day moving average of $29.70. The stock has a market cap of $2.25 billion, a PE ratio of -188.58 and a beta of 2.28.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) last released its quarterly earnings results on Tuesday, April 7th. The semiconductor company reported ($0.05) earnings per share for the quarter, topping analysts' consensus estimates of ($0.07) by $0.02. The firm had revenue of $10.31 million during the quarter, compared to the consensus estimate of $10.85 million. Aehr Test Systems had a negative return on equity of 7.15% and a negative net margin of 25.23%. Equities research analysts anticipate that Aehr Test Systems will post 0.1 earnings per share for the current year.

Institutional Investors Weigh In On Aehr Test Systems

Institutional investors and hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new stake in Aehr Test Systems during the fourth quarter worth about $25,000. Sunbelt Securities Inc. bought a new stake in Aehr Test Systems during the third quarter worth about $27,000. State of Wyoming bought a new stake in Aehr Test Systems during the second quarter worth about $28,000. Jones Financial Companies Lllp lifted its position in Aehr Test Systems by 3,448.3% during the third quarter. Jones Financial Companies Lllp now owns 1,029 shares of the semiconductor company's stock worth $31,000 after purchasing an additional 1,000 shares during the period. Finally, RiverPark Advisors LLC bought a new stake in Aehr Test Systems during the third quarter worth about $42,000. Institutional investors own 69.69% of the company's stock.

Analyst Ratings Changes

AEHR has been the topic of several research analyst reports. Lake Street Capital reissued a "buy" rating on shares of Aehr Test Systems in a report on Wednesday, April 8th. Weiss Ratings reissued a "sell (d)" rating on shares of Aehr Test Systems in a report on Wednesday, January 21st. Craig Hallum raised shares of Aehr Test Systems from a "hold" rating to a "buy" rating and set a $68.00 price target on the stock in a report on Wednesday, April 8th. William Blair upgraded shares of Aehr Test Systems from a "market perform" rating to an "outperform" rating in a research note on Monday, March 2nd. Finally, Wall Street Zen upgraded shares of Aehr Test Systems from a "strong sell" rating to a "sell" rating in a research note on Saturday. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $68.00.

About Aehr Test Systems

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.

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