Aehr Test Systems (NASDAQ:AEHR) Shares Cross Above 200 Day Moving Average - What's Next?

Key Points

• Aehr Test Systems shares have crossed above their 200-day moving average, indicating potential upward momentum in trading.
• Wall Street analysts have recently upgraded the stock to a "sell" rating amidst concerns about the company's performance.
• Insider trading activity has been notable, with significant share sales by key executives, indicating potential cautious sentiment regarding the stock.

Shares of Aehr Test Systems (NASDAQ:AEHR - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.51 and traded as high as $19.83. Aehr Test Systems shares last traded at $17.59, with a volume of 1,846,454 shares trading hands.

Wall Street Analyst Weigh In

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

Aehr Test Systems Stock Performance

The business has a 50 day moving average price of $16.12 and a two-hundred day moving average price of $11.64. The stock has a market cap of $541.55 million, a PE ratio of -139.22 and a beta of 2.35.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 8th. The semiconductor company reported ($0.01) EPS for the quarter, beating the consensus estimate 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 $14,100 billion for the quarter, compared to the consensus estimate of $14.83 million. As a group, research analysts anticipate that Aehr Test Systems will post 0.1 earnings per share for the current year.

Insider Activity at Aehr Test Systems

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 sale, the director owned 7,665 shares of the company's stock, valued at $164,797.50. The trade was a 39.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Rhea J. Posedel sold 18,000 shares of the business's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $19.83, for a total transaction of $356,940.00. Following the sale, the director directly owned 71,163 shares in the company, 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 quarter, insiders have sold 26,000 shares of company stock worth $506,830. Insiders own 6.20% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Point72 Asset Management L.P. purchased a new position in Aehr Test Systems in the fourth quarter worth $15,307,000. Kennedy Capital Management LLC purchased a new stake in shares of Aehr Test Systems during the second quarter worth about $5,751,000. 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 purchasing an additional 348,737 shares during the period. Panoramic Capital LLC purchased a new stake in shares of Aehr Test Systems during the fourth quarter worth about $2,786,000. Finally, Jump Financial LLC raised its stake in Aehr Test Systems by 324.0% in the first quarter. Jump Financial LLC now owns 119,143 shares of the semiconductor company's stock worth $869,000 after buying an additional 91,043 shares in the last quarter. Institutional investors own 69.69% of the company's stock.

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.