Aehr Test Systems (NASDAQ:AEHR) Shares Down 8.6% - What's Next?

Key Points

• Aehr Test Systems shares fell by 8.6%, closing at $19.11 after reaching a low of $19.12 during trading.
• Despite the decline, the company beat analysts' earnings estimates with a reported earnings per share of ($0.01) compared to the expected ($0.02).
• Insider transactions showed Director Rhea J. Posedel sold 18,000 shares, decreasing their ownership by 20.19%, while institutional investors now hold 69.69% of the company's stock.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report)'s share price fell 8.6% during trading on Tuesday . The stock traded as low as $19.12 and last traded at $19.11. 1,047,385 shares traded hands during trading, a decline of 7% from the average session volume of 1,126,643 shares. The stock had previously closed at $20.91.

Analyst Upgrades and Downgrades

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

Aehr Test Systems Stock Performance

The company has a market cap of $559.08 million, a PE ratio of -144.45 and a beta of 2.29. The company's 50 day moving average price is $13.10 and its 200-day moving average price is $10.82.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) last released its quarterly earnings data on Tuesday, July 8th. The semiconductor company reported ($0.01) earnings per share for the quarter, beating 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 business had revenue of $14,100 billion during the quarter, compared to analyst estimates of $14.83 million. Equities research analysts expect that Aehr Test Systems will post 0.1 EPS for the current year.

Insider Buying and Selling 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 shares were sold at an average price of $19.83, for a total transaction of $356,940.00. Following the transaction, the director owned 71,163 shares in the company, 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 hyperlink. Also, EVP Alberto Salamone sold 4,995 shares of the company's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $9.08, for a total transaction of $45,354.60. Following the completion of the sale, the executive vice president owned 56,241 shares in the company, valued at approximately $510,668.28. This trade represents a 8.16% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,995 shares of company stock valued at $552,185. Company insiders own 6.20% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AEHR. Quantbot Technologies LP bought a new position in Aehr Test Systems in the first quarter worth approximately $31,000. GAMMA Investing LLC increased its stake in shares of Aehr Test Systems by 1,753.1% in the first quarter. GAMMA Investing LLC now owns 7,079 shares of the semiconductor company's stock worth $52,000 after purchasing an additional 6,697 shares in the last quarter. State of Wyoming purchased a new position in Aehr Test Systems during the fourth quarter valued at $67,000. CWM LLC grew its stake in Aehr Test Systems by 15.1% during the second quarter. CWM LLC now owns 6,062 shares of the semiconductor company's stock valued at $78,000 after acquiring an additional 793 shares in the last quarter. Finally, American Century Companies Inc. purchased a new position in Aehr Test Systems during the first quarter valued at $86,000. Institutional investors own 69.69% of the company's stock.

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.

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