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

Key Points

• Aehr Test Systems shares hit a new 12-month high at $24.94 during trading, closing at $23.93, representing a significant increase from a previous close of $18.10.
• The company reported a quarterly loss of $0.01 EPS, exceeding analysts' expectations of a loss of $0.02 EPS, with revenue of $14.1 million, slightly below estimates.
• Insider selling activity includes Director Laura Oliphant selling 5,000 shares, representing a 39.48% decrease in their ownership, indicating possible confidence concerns among insiders.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $24.94 and last traded at $23.93, with a volume of 4657852 shares changing hands. The stock had previously closed at $18.10.

Analyst Ratings Changes

Separately, Wall Street Zen raised Aehr Test Systems to a "sell" rating in a research note on Tuesday, May 13th.

Aehr Test Systems Stock Performance

The company has a market cap of $746.50 million, a P/E ratio of -191.91 and a beta of 2.35. The company has a fifty day moving average price of $17.51 and a two-hundred day moving average price of $12.15.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) last posted its quarterly earnings results on Tuesday, July 8th. The semiconductor company reported ($0.01) EPS for the quarter, topping 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 business had revenue of $14.10 million during the quarter, compared to analysts' expectations of $14.83 million. Research analysts anticipate that Aehr Test Systems will post 0.1 EPS for the current year.

Insider Buying and Selling

In related news, Director Laura Oliphant sold 5,000 shares of Aehr Test Systems stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $21.50, for a total transaction of $107,500.00. Following the completion of the transaction, the director owned 7,665 shares in the company, valued at approximately $164,797.50. This trade represents a 39.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Rhea J. Posedel sold 18,000 shares of Aehr Test Systems stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $19.83, for a total value of $356,940.00. Following the transaction, the director owned 71,163 shares of the company's stock, valued at $1,411,162.29. The trade was a 20.19% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,000 shares of company stock worth $506,830. Company insiders own 6.20% of the company's stock.

Institutional Investors Weigh In On Aehr Test Systems

A number of institutional investors have recently made changes to their positions in the company. AWM Investment Company Inc. boosted its holdings in shares of Aehr Test Systems by 28.1% during the first quarter. AWM Investment Company Inc. now owns 1,587,936 shares of the semiconductor company's stock worth $11,576,000 after acquiring an additional 348,737 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Aehr Test Systems during the fourth quarter worth approximately $15,307,000. Geode Capital Management LLC boosted its holdings in shares of Aehr Test Systems by 1.3% during the second quarter. Geode Capital Management LLC now owns 678,546 shares of the semiconductor company's stock worth $8,775,000 after acquiring an additional 8,658 shares during the period. Kennedy Capital Management LLC bought a new stake in shares of Aehr Test Systems during the second quarter worth approximately $5,751,000. Finally, Halter Ferguson Financial Inc. boosted its holdings in shares of Aehr Test Systems by 3.7% during the second quarter. Halter Ferguson Financial Inc. now owns 439,714 shares of the semiconductor company's stock worth $5,686,000 after acquiring an additional 15,541 shares during the period. Institutional investors own 69.69% of the company's stock.

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.