Aehr Test Systems (NASDAQ:AEHR) Sets New 12-Month High - Still a Buy?

Key Points

• Aehr Test Systems shares reached a new 12-month high of $28.80, with a trading volume of over 1.48 million on the day of the peak.
• The company reported a quarterly EPS of ($0.01), beating analysts' expectations, but also had revenues of $14.10 million, which fell short of the projected $14.83 million.
• Insider transactions included significant sales by executives, with 26,000 total shares sold in the last quarter, indicating a 20.19% decrease in one director's holdings.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) shares hit a new 52-week high on Tuesday . The stock traded as high as $28.80 and last traded at $28.78, with a volume of 1481059 shares traded. The stock had previously closed at $26.47.

Aehr Test Systems Price Performance

The firm has a market cap of $897.60 million, a PE ratio of -230.37 and a beta of 2.54. The stock's fifty day simple moving average is $21.48 and its 200-day simple moving average is $13.85.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) last posted its quarterly earnings results on Tuesday, July 8th. The semiconductor company reported ($0.01) earnings per share for the quarter, topping analysts' consensus estimates of ($0.02) by $0.01. Aehr Test Systems had a negative net margin of 6.63% and a negative return on equity of 0.15%. The firm had revenue of $14.10 million for the quarter, compared to analyst estimates of $14.83 million. Analysts expect that Aehr Test Systems will post 0.1 earnings per share for the current year.

Insider Activity at Aehr Test Systems

In related news, Director Rhea J. Posedel sold 18,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 22nd. The shares were 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 in the company, valued at approximately $1,411,162.29. This trade represents a 20.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Alistair N. Sporck sold 3,000 shares of the business's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $14.13, for a total transaction of $42,390.00. Following the transaction, the vice president directly owned 30,808 shares of the company's stock, valued at approximately $435,317.04. This trade represents a 8.87% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,000 shares of company stock worth $506,830. Company insiders own 6.80% of the company's stock.

Institutional Trading of Aehr Test Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Inspire Investing LLC lifted its stake in Aehr Test Systems by 99.3% in the 1st quarter. Inspire Investing LLC now owns 48,148 shares of the semiconductor company's stock valued at $351,000 after acquiring an additional 23,990 shares in the last quarter. Two Sigma Investments LP grew its stake in Aehr Test Systems by 12.2% during the fourth quarter. Two Sigma Investments LP now owns 48,624 shares of the semiconductor company's stock worth $809,000 after purchasing an additional 5,276 shares during the period. Invesco Ltd. grew its stake in Aehr Test Systems by 88.8% in the first quarter. Invesco Ltd. now owns 30,226 shares of the semiconductor company's stock valued at $220,000 after acquiring an additional 14,219 shares during the period. XTX Topco Ltd bought a new position in shares of Aehr Test Systems in the first quarter valued at approximately $267,000. Finally, Quantbot Technologies LP bought a new stake in Aehr Test Systems during the first quarter worth $31,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.

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.