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

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)'s stock price 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 changing hands. The stock had previously closed at $26.83.

Analyst Upgrades and Downgrades

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

Aehr Test Systems Price Performance

The firm has a market capitalization of $798.59 million, a PE ratio of -205.02 and a beta of 2.54. The stock has a 50-day moving average price of $19.33 and a 200-day moving average price of $12.85.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) last announced 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. The business had revenue of $14.10 million for the quarter, compared to analyst estimates of $14.83 million. Aehr Test Systems had a negative return on equity of 0.15% and a negative net margin of 6.63%. As a group, equities research analysts predict that Aehr Test Systems will post 0.1 earnings per share for the current fiscal year.

Insider Activity at Aehr Test Systems

In related news, Director Rhea J. Posedel sold 18,000 shares of the business'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 completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Laura Oliphant sold 5,000 shares of the business's stock in a transaction dated Friday, July 25th. The shares were 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 represents a 39.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,000 shares of company stock valued at $506,830 over the last three months. 6.20% of the stock is owned by insiders.

Institutional Trading of Aehr Test Systems

Hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 Asset Management L.P. bought a new position in shares of Aehr Test Systems during the fourth quarter valued at approximately $15,307,000. Kennedy Capital Management LLC bought a new position in shares of Aehr Test Systems during the second quarter valued at approximately $5,751,000. AWM Investment Company Inc. grew 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 valued at $11,576,000 after purchasing an additional 348,737 shares during the last quarter. Panoramic Capital LLC bought a new position in shares of Aehr Test Systems during the fourth quarter valued at approximately $2,786,000. Finally, Jump Financial LLC grew its holdings in shares of Aehr Test Systems by 324.0% during the first quarter. Jump Financial LLC now owns 119,143 shares of the semiconductor company's stock valued at $869,000 after purchasing an additional 91,043 shares during the last quarter. 69.69% of the stock is owned by 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.

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