Aehr Test Systems (NASDAQ:AEHR) Stock Price Down 8.6% - Here's Why

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) shares were down 8.6% during mid-day trading on Tuesday . The stock traded as low as $19.12 and last traded at $19.11. Approximately 1,047,385 shares were traded during trading, a decline of 7% from the average daily volume of 1,126,643 shares. The stock had previously closed at $20.91.

Analyst Ratings Changes

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

Aehr Test Systems Trading Down 0.4%

The firm's 50-day simple moving average is $13.80 and its 200 day simple moving average is $10.97. The stock has a market cap of $503.85 million, a P/E ratio of -129.53 and a beta of 2.35.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) last issued its quarterly earnings data 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 $14,100 billion during 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%. On average, analysts anticipate that Aehr Test Systems will post 0.1 EPS for the current year.

Insider Activity at Aehr Test Systems

In other Aehr Test Systems news, VP Alistair N. Sporck sold 3,000 shares of the business's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $14.13, for a total transaction of $42,390.00. Following the sale, the vice president directly owned 30,808 shares in the company, valued at approximately $435,317.04. The trade was a 8.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Laura Oliphant sold 5,000 shares of the stock in a transaction that occurred 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 transaction, the director owned 7,665 shares of the company's stock, valued at $164,797.50. This trade represents a 39.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,995 shares of company stock valued at $552,185 in the last ninety days. Company insiders own 6.20% of the company's stock.

Institutional Investors Weigh In On Aehr Test Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AlphaQuest LLC boosted its stake in Aehr Test Systems by 697.6% during the 2nd quarter. AlphaQuest LLC now owns 20,156 shares of the semiconductor company's stock valued at $261,000 after purchasing an additional 17,629 shares in the last quarter. Penbrook Management LLC lifted its holdings in shares of Aehr Test Systems by 205.1% in the second quarter. Penbrook Management LLC now owns 126,250 shares of the semiconductor company's stock valued at $1,632,000 after buying an additional 84,875 shares during the period. CWM LLC boosted 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 buying an additional 793 shares in the last quarter. Halter Ferguson Financial Inc. grew its holdings in Aehr Test Systems by 3.7% during the second quarter. Halter Ferguson Financial Inc. now owns 439,714 shares of the semiconductor company's stock worth $5,686,000 after acquiring an additional 15,541 shares during the period. Finally, Inspire Investing LLC raised its position in Aehr Test Systems by 99.3% in the first quarter. Inspire Investing LLC now owns 48,148 shares of the semiconductor company's stock worth $351,000 after acquiring an additional 23,990 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.