Aehr Test Systems (NASDAQ:AEHR) Reaches New 12-Month High - Here's Why

Key Points

• Aehr Test Systems' stock has reached a new 12-month high, trading at $34.35 on Thursday, significantly increasing from previous values.
• The company reported a quarterly loss of $0.01 per share, beating analyst expectations, but its revenue fell short at $14.10 million against the forecast of $14.83 million.
• Insider trading activity has seen significant sales, with executives selling a total of 26,000 shares valued over $500,000 in the last three months.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report)'s stock price hit a new 52-week high on Thursday . The stock traded as high as $34.35 and last traded at $33.48, with a volume of 180083 shares changing hands. The stock had previously closed at $33.25.

Aehr Test Systems Trading Down 0.3%

The firm has a fifty day simple moving average of $23.91 and a 200 day simple moving average of $15.11. The stock has a market cap of $993.84 million, a price-to-earnings ratio of -255.37 and a beta of 2.47.

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, beating analysts' consensus estimates of ($0.02) by $0.01. Aehr Test Systems had a negative return on equity of 0.15% and a negative net margin of 6.63%.The firm had revenue of $14.10 million during the quarter, compared to analysts' expectations of $14.83 million. On average, equities analysts expect that Aehr Test Systems will post 0.1 earnings per share for the current year.

Insider Activity at Aehr Test Systems

In other news, Director Laura Oliphant sold 5,000 shares of Aehr Test Systems stock in a transaction 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 completion of the sale, the director directly owned 7,665 shares of the company's stock, valued at approximately $164,797.50. This trade represents a 39.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Alistair N. Sporck sold 3,000 shares of Aehr Test Systems stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $14.13, for a total value of $42,390.00. Following the transaction, the vice president owned 30,808 shares in the company, valued at approximately $435,317.04. This represents a 8.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,000 shares of company stock valued at $506,830 in the last three months. Corporate insiders own 6.80% of the company's stock.

Institutional Trading of Aehr Test Systems

Hedge funds and other institutional investors have recently modified their holdings of the stock. State of Wyoming acquired a new stake in shares of Aehr Test Systems in the second quarter valued at about $28,000. Quantbot Technologies LP acquired a new stake in shares of Aehr Test Systems in the first quarter valued at about $31,000. GAMMA Investing LLC increased its position in shares of Aehr Test Systems by 1,753.1% in the first quarter. GAMMA Investing LLC now owns 7,079 shares of the semiconductor company's stock valued at $52,000 after acquiring an additional 6,697 shares during the last quarter. CWM LLC increased its position in shares of Aehr Test Systems by 15.1% in the second quarter. CWM LLC now owns 6,062 shares of the semiconductor company's stock valued at $78,000 after acquiring an additional 793 shares during the last quarter. Finally, American Century Companies Inc. acquired a new stake in shares of Aehr Test Systems in the first quarter valued at about $86,000. Institutional investors and hedge funds own 69.69% of the company's stock.

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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