Aehr Test Systems (NASDAQ:AEHR) Shares Up 8.6% - Time to Buy?

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

Analyst Upgrades and Downgrades

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

Aehr Test Systems Stock Performance

The firm has a market capitalization of $647.20 million, a PE ratio of -167.22 and a beta of 2.29. The company has a fifty day moving average price of $12.86 and a 200-day moving average price of $10.83.

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 the consensus estimate of ($0.02) by $0.01. The business 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%. On average, equities analysts predict that Aehr Test Systems will post 0.1 earnings per share for the current year.

Insider Transactions at Aehr Test Systems

In other Aehr Test Systems news, Director Laura Oliphant sold 5,000 shares of the business's stock in a transaction 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 transaction, the director owned 7,665 shares in the company, valued at $164,797.50. The trade was a 39.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Alberto Salamone sold 4,995 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $9.08, for a total transaction of $45,354.60. Following the transaction, the executive vice president owned 56,241 shares in the company, valued at $510,668.28. This trade represents a 8.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,995 shares of company stock valued at $552,185 over the last 90 days. Insiders own 6.20% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AEHR. Two Sigma Investments LP grew its position in Aehr Test Systems by 12.2% in the 4th quarter. Two Sigma Investments LP now owns 48,624 shares of the semiconductor company's stock valued at $809,000 after acquiring an additional 5,276 shares during the last quarter. HighTower Advisors LLC grew its position in Aehr Test Systems by 18.1% in the 4th quarter. HighTower Advisors LLC now owns 13,256 shares of the semiconductor company's stock valued at $220,000 after acquiring an additional 2,032 shares during the last quarter. Raymond James Financial Inc. bought a new position in Aehr Test Systems in the 4th quarter valued at $272,000. Dimensional Fund Advisors LP grew its position in Aehr Test Systems by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 137,241 shares of the semiconductor company's stock valued at $2,283,000 after acquiring an additional 2,365 shares during the last quarter. Finally, LPL Financial LLC bought a new position in Aehr Test Systems in the 4th quarter valued at $874,000. 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.