Aehr Test Systems (NASDAQ:AEHR) Trading 10.4% Higher - Here's What Happened

Key Points

• Aehr Test Systems' shares increased by 10.4%, closing at $19.30 on Tuesday after trading as high as $19.46, despite a 57% decline in trading volume.
• The company recently reported a quarterly loss of $0.01 per share, surpassing analysts' estimates, while revenue fell short of expectations at $14.1 million.
• Insider trading activity included the sale of 26,000 shares by executives, indicating a decrease in their stakes in the company.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) shares traded up 10.4% during trading on Tuesday . The company traded as high as $19.46 and last traded at $19.30. 483,597 shares changed hands during trading, a decline of 57% from the average session volume of 1,117,550 shares. The stock had previously closed at $17.48.

Analysts Set New Price Targets

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

Aehr Test Systems Stock Performance

The stock has a 50 day moving average of $14.85 and a two-hundred day moving average of $11.19. The stock has a market cap of $580.96 million, a PE ratio of -149.35 and a beta of 2.35.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) last issued its quarterly 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 firm had revenue of $14,100 billion for the quarter, compared to analysts' expectations of $14.83 million. Aehr Test Systems had a negative return on equity of 0.15% and a negative net margin of 6.63%. Analysts expect that Aehr Test Systems will post 0.1 EPS for the current fiscal year.

Insider Buying and Selling

In other news, VP Alistair N. Sporck sold 3,000 shares of the company'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 transaction, the vice president owned 30,808 shares in the company, valued at $435,317.04. This represents a 8.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Rhea J. Posedel sold 18,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director owned 71,163 shares in the company, valued at approximately $1,411,162.29. This represents a 20.19% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,000 shares of company stock valued at $506,830. 6.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Aehr Test Systems

Several institutional investors have recently made changes to their positions in the company. American Century Companies Inc. lifted its holdings in shares of Aehr Test Systems by 88.1% during the 2nd quarter. American Century Companies Inc. now owns 22,106 shares of the semiconductor company's stock valued at $286,000 after buying an additional 10,354 shares during the last quarter. Rhumbline Advisers lifted its holdings in Aehr Test Systems by 3.1% in the 2nd quarter. Rhumbline Advisers now owns 41,466 shares of the semiconductor company's stock worth $536,000 after purchasing an additional 1,254 shares during the last quarter. Legal & General Group Plc lifted its holdings in Aehr Test Systems by 110.8% in the 2nd quarter. Legal & General Group Plc now owns 6,882 shares of the semiconductor company's stock worth $89,000 after purchasing an additional 3,617 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Aehr Test Systems by 7.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 15,576 shares of the semiconductor company's stock worth $201,000 after purchasing an additional 1,145 shares during the last quarter. Finally, ARS Investment Partners LLC acquired a new stake in Aehr Test Systems in the 2nd quarter worth approximately $300,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.

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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