Aehr Test Systems (NASDAQ:AEHR) Sets New 52-Week High - Here's What Happened

Key Points

• Aehr Test Systems' stock set a new 52-week high of $27.74, closing at $26.59 with a trading volume of 275,228 shares.
• The company reported a quarterly earnings per share of ($0.01), surpassing expectations but with revenues of $14.10 million falling short of analyst estimates.
• Insider selling was noted, with directors offloading 26,000 shares valued at $506,830 over the last three months, indicating a decrease in insider ownership.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as $27.74 and last traded at $26.59, with a volume of 275228 shares trading hands. The stock had previously closed at $26.83.

Aehr Test Systems Stock Performance

The company has a 50 day moving average of $20.00 and a 200 day moving average of $13.21. The stock has a market capitalization of $833.35 million, a price-to-earnings ratio of -213.15 and a beta of 2.54.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) last issued its earnings results on Tuesday, July 8th. The semiconductor company reported ($0.01) earnings per share (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 the consensus estimate of $14.83 million. On average, equities analysts predict that Aehr Test Systems will post 0.1 EPS for the current fiscal year.

Insider Buying and Selling

In related news, VP Alistair N. Sporck sold 3,000 shares of the firm's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $14.13, for a total transaction of $42,390.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Rhea J. Posedel sold 18,000 shares of the firm's 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 sale, the director directly owned 71,163 shares of the company's stock, valued at $1,411,162.29. The trade was a 20.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,000 shares of company stock valued at $506,830. 6.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Aehr Test Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. State of Wyoming purchased a new position in shares of Aehr Test Systems in the 2nd quarter valued at about $28,000. Quantbot Technologies LP purchased a new position in shares of Aehr Test Systems in the 1st quarter valued at about $31,000. GAMMA Investing LLC boosted its stake in shares of Aehr Test Systems by 1,753.1% in the 1st quarter. GAMMA Investing LLC now owns 7,079 shares of the semiconductor company's stock valued at $52,000 after buying an additional 6,697 shares during the period. CWM LLC boosted its stake in shares of Aehr Test Systems by 15.1% in the 2nd quarter. CWM LLC now owns 6,062 shares of the semiconductor company's stock valued at $78,000 after buying an additional 793 shares during the period. Finally, American Century Companies Inc. purchased a new position in shares of Aehr Test Systems in the 1st quarter valued at about $86,000. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

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.