Aehr Test Systems (NASDAQ:AEHR - Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as $32.47 and last traded at $32.26, with a volume of 746087 shares. The stock had previously closed at $29.95.
Aehr Test Systems Stock Up 8.5%
The stock has a market cap of $974.32 million, a price-to-earnings ratio of -250.06 and a beta of 2.53. The company has a 50 day simple moving average of $21.48 and a 200 day simple moving average of $13.91.
Aehr Test Systems (NASDAQ:AEHR - Get Free Report) last released its quarterly earnings results on Tuesday, July 8th. The semiconductor company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. The company had revenue of $14.10 million for the quarter, compared to analysts' expectations of $14.83 million. Aehr Test Systems had a negative return on equity of 0.15% and a negative net margin of 6.63%. As a group, analysts predict that Aehr Test Systems will post 0.1 earnings per share for the current fiscal year.
Insider Activity at Aehr Test Systems
In related news, Director Laura Oliphant sold 5,000 shares of the company's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $21.50, for a total value of $107,500.00. Following the sale, the director directly owned 7,665 shares in the company, valued at $164,797.50. This represents a 39.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Alistair N. Sporck sold 3,000 shares of the company's 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 completion of the sale, the vice president owned 30,808 shares in the company, 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. Insiders have sold 26,000 shares of company stock worth $506,830 over the last ninety days. Insiders own 6.80% of the company's stock.
Institutional Trading of Aehr Test Systems
Several institutional investors have recently added to or reduced their stakes in AEHR. AWM Investment Company Inc. lifted its stake in Aehr Test Systems by 28.1% in the first quarter. AWM Investment Company Inc. now owns 1,587,936 shares of the semiconductor company's stock valued at $11,576,000 after buying an additional 348,737 shares during the period. Geode Capital Management LLC lifted its stake in Aehr Test Systems by 1.3% in the second quarter. Geode Capital Management LLC now owns 678,546 shares of the semiconductor company's stock valued at $8,775,000 after buying an additional 8,658 shares during the period. Kennedy Capital Management LLC acquired a new position in Aehr Test Systems in the second quarter valued at approximately $5,751,000. Halter Ferguson Financial Inc. lifted its stake in Aehr Test Systems by 3.7% in the second quarter. Halter Ferguson Financial Inc. now owns 439,714 shares of the semiconductor company's stock valued at $5,686,000 after buying an additional 15,541 shares during the period. Finally, Pier Capital LLC lifted its stake in Aehr Test Systems by 16.0% in the second quarter. Pier Capital LLC now owns 405,932 shares of the semiconductor company's stock valued at $5,249,000 after buying an additional 55,861 shares during the period. 69.69% of the stock is currently owned by institutional investors.
About Aehr Test Systems
(
Get Free Report)
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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