Aehr Test Systems (NASDAQ:AEHR) Stock Price Down 3.6% - What's Next?

Key Points

• Aehr Test Systems' stock price fell by 3.6%, closing at $31.10 after trading as low as $30.84, with a significant decline in trading volume of 82% from its average.
• The company received a "sell" rating from Weiss Ratings, contributing to its overall average rating of "Sell" from analysts.
• Insider trading activity included the sale of 26,000 shares by corporate insiders over the last quarter, indicating a 20.19% decrease in ownership by Director Rhea J. Posedel.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report)'s share price was down 3.6% during trading on Friday . The stock traded as low as $30.84 and last traded at $31.10. Approximately 224,803 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 1,255,715 shares. The stock had previously closed at $32.25.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a "sell (d)" rating on shares of Aehr Test Systems in a research report on Saturday, September 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of "Sell".

Aehr Test Systems Stock Down 3.8%

The stock has a market cap of $929.64 million, a PE ratio of -238.60 and a beta of 2.47. The firm has a 50-day simple moving average of $24.12 and a 200-day simple moving average of $15.26.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) last posted its earnings results on Tuesday, July 8th. The semiconductor company reported ($0.01) earnings per share 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 net margin of 6.63% and a negative return on equity of 0.15%. On average, research analysts expect that Aehr Test Systems will post 0.1 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Rhea J. Posedel sold 18,000 shares of the company'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 completion of the transaction, the director directly owned 71,163 shares of the company's stock, valued at approximately $1,411,162.29. This represents a 20.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $42,390.00. Following the completion of the sale, the vice president directly owned 30,808 shares in the company, valued at $435,317.04. The trade was a 8.87% 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 quarter. 6.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Aehr Test Systems

Hedge funds have recently made changes to their positions in the business. State of Wyoming purchased a new position in Aehr Test Systems during the second quarter valued at $28,000. Quantbot Technologies LP purchased a new stake in Aehr Test Systems during the first quarter valued at $31,000. GAMMA Investing LLC boosted its holdings 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 buying an additional 6,697 shares during the last quarter. CWM LLC lifted its position 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 purchasing an additional 793 shares in the last quarter. Finally, American Century Companies Inc. purchased a new position in shares of Aehr Test Systems during the 1st quarter valued at $86,000. 69.69% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.