Aehr Test Systems (NASDAQ:AEHR) Sets New 52-Week High - Should You 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)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $28.80 and last traded at $28.78, with a volume of 1481059 shares changing hands. The stock had previously closed at $26.47.

Aehr Test Systems Price Performance

The firm has a 50-day moving average of $21.16 and a 200 day moving average of $13.70. The company has a market capitalization of $916.15 million, a PE ratio of -235.14 and a beta of 2.54.

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

Insider Buying and Selling

In other Aehr Test Systems news, Director Laura Oliphant sold 5,000 shares of the business's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $21.50, for a total transaction of $107,500.00. Following the completion of the sale, the director directly owned 7,665 shares in the company, valued at approximately $164,797.50. The trade was a 39.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rhea J. Posedel sold 18,000 shares of the firm's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $19.83, for a total value of $356,940.00. Following the completion of 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,000 shares of company stock worth $506,830. 6.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Aehr Test Systems

Large investors have recently made changes to their positions in the company. Inspire Investing LLC lifted its stake in shares of Aehr Test Systems by 99.3% in the 1st quarter. Inspire Investing LLC now owns 48,148 shares of the semiconductor company's stock worth $351,000 after purchasing an additional 23,990 shares during the period. Two Sigma Investments LP increased its holdings 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 valued at $809,000 after buying an additional 5,276 shares during the last quarter. Invesco Ltd. raised its position in Aehr Test Systems by 88.8% in the first quarter. Invesco Ltd. now owns 30,226 shares of the semiconductor company's stock worth $220,000 after acquiring an additional 14,219 shares during the period. XTX Topco Ltd purchased a new position in shares of Aehr Test Systems during the 1st quarter worth $267,000. Finally, Quantbot Technologies LP bought a new stake in shares of Aehr Test Systems during the 1st quarter valued at $31,000. 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.