Aehr Test Systems (NASDAQ:AEHR) Stock Price Up 8.6% - Should You Buy?

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) shares were up 8.6% on Wednesday . The company traded as high as $22.40 and last traded at $21.83. Approximately 665,831 shares traded hands during trading, a decline of 42% from the average daily volume of 1,149,451 shares. The stock had previously closed at $20.10.

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 Stock Performance

The stock has a market capitalization of $647.20 million, a P/E ratio of -167.22 and a beta of 2.29. The stock's fifty day simple moving average is $12.86 and its two-hundred day simple moving average is $10.87.

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 (EPS) 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 the consensus estimate of $14.83 million. Aehr Test Systems had a negative net margin of 6.63% and a negative return on equity of 0.15%. As a group, analysts expect that Aehr Test Systems will post 0.1 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Alistair N. Sporck sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The shares were 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 approximately $435,317.04. The trade was a 8.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 30,995 shares of company stock worth $552,185 over the last quarter. Company insiders own 6.20% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP acquired a new position in Aehr Test Systems during the first quarter worth $31,000. GAMMA Investing LLC grew its stake in shares of Aehr Test Systems by 1,753.1% in the 1st quarter. GAMMA Investing LLC now owns 7,079 shares of the semiconductor company's stock worth $52,000 after acquiring an additional 6,697 shares in the last quarter. State of Wyoming bought a new position in Aehr Test Systems during the fourth quarter valued at about $67,000. CWM LLC grew 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 buying an additional 793 shares during the period. Finally, American Century Companies Inc. bought a new position in Aehr Test Systems during the first quarter valued at about $86,000. Institutional investors and hedge funds 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.