Aehr Test Systems (NASDAQ:AEHR) Director Sells $223,110.00 in Stock

Key Points

• Aehr Test Systems Director Fariba Danesh sold 9,000 shares of the company's stock for a total of $223,110, reducing her ownership by 35.10%.
• The company reported quarterly earnings that matched the consensus estimate of $0.01 earnings per share, but revenue fell short of expectations at $11 million against a forecast of $13.69 million.
• Aehr Test Systems' stock currently has a consensus rating of "Reduce" from analysts, with a price target of $24.00, following a rating downgrade from Craig Hallum.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) Director Fariba Danesh sold 9,000 shares of the company's stock in a transaction that occurred on Thursday, October 9th. The stock was sold at an average price of $24.79, for a total value of $223,110.00. Following the sale, the director owned 16,643 shares in the company, valued at approximately $412,579.97. This represents a 35.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Aehr Test Systems Stock Performance

AEHR traded down $1.66 during trading hours on Friday, reaching $23.49. The company's stock had a trading volume of 2,018,067 shares, compared to its average volume of 1,323,623. Aehr Test Systems has a 52 week low of $6.27 and a 52 week high of $34.35. The company's 50-day moving average is $25.00 and its 200-day moving average is $15.91. The firm has a market cap of $704.00 million, a PE ratio of -106.77 and a beta of 2.47.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) last posted its quarterly earnings data on Monday, October 6th. The semiconductor company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. The firm had revenue of $11.00 million for the quarter, compared to analysts' expectations of $13.69 million. Aehr Test Systems had a negative return on equity of 2.41% and a negative net margin of 11.71%.During the same quarter last year, the business earned $0.07 EPS. Equities analysts anticipate that Aehr Test Systems will post 0.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Aehr Test Systems in a research note on Wednesday. Craig Hallum downgraded Aehr Test Systems from a "buy" rating to a "hold" rating and set a $24.00 target price for the company. in a report on Tuesday. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus price target of $24.00.

Institutional Trading of Aehr Test Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Wyoming bought a new position in shares of Aehr Test Systems during the 2nd quarter valued at about $28,000. Quantbot Technologies LP bought a new stake in Aehr Test Systems during the first quarter worth approximately $31,000. GAMMA Investing LLC grew its stake in shares of Aehr Test Systems by 1,753.1% during the first quarter. GAMMA Investing LLC now owns 7,079 shares of the semiconductor company's stock valued at $52,000 after buying an additional 6,697 shares during the last quarter. CWM LLC lifted its holdings in Aehr Test Systems by 15.1% during the second quarter. CWM LLC now owns 6,062 shares of the semiconductor company's stock worth $78,000 after buying an additional 793 shares during the period. Finally, American Century Companies Inc. acquired a new stake in Aehr Test Systems during the 1st quarter worth about $86,000. 69.69% of the stock is currently owned by institutional investors.

About Aehr Test Systems

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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