Aehr Test Systems (NASDAQ:AEHR) Trading Down 3.4% - Here's What Happened

Key Points

• Aehr Test Systems shares fell by 3.4% during mid-day trading, reaching a low of $25.10, with a trading volume significantly below average at just 169,478 shares.
• Equities analysts have expressed a bearish outlook, with Weiss Ratings reiterating a "sell" rating and Craig Hallum downgrading the stock to "hold" with a target price of $24.00.
• The company recently reported quarterly earnings of $0.01 EPS, matching consensus estimates, but fell short on revenue with $11.00 million compared to expectations of $13.69 million.

Shares of Aehr Test Systems (NASDAQ:AEHR - Get Free Report) were down 3.4% during mid-day trading on Thursday . The stock traded as low as $25.10 and last traded at $24.97. Approximately 169,478 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 1,311,206 shares. The stock had previously closed at $25.85.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Weiss Ratings reissued a "sell (d)" rating on shares of Aehr Test Systems in a research report on Wednesday. Craig Hallum lowered Aehr Test Systems from a "buy" rating to a "hold" rating and set a $24.00 price objective on the stock. in a report on Tuesday. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price of $24.00.

Aehr Test Systems Stock Down 2.7%

The firm has a market cap of $753.72 million, a P/E ratio of -114.32 and a beta of 2.47. The stock's 50-day moving average is $25.00 and its 200-day moving average is $15.91.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) last posted its quarterly earnings results on Monday, October 6th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. Aehr Test Systems had a negative net margin of 11.71% and a negative return on equity of 2.41%. The company had revenue of $11.00 million for the quarter, compared to analyst estimates of $13.69 million. During the same period last year, the business posted $0.07 EPS. As a group, analysts expect that Aehr Test Systems will post 0.1 EPS for the current fiscal year.

Insider Transactions at Aehr Test Systems

In related news, Director Laura Oliphant sold 5,000 shares of the company's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $21.50, for a total value of $107,500.00. Following the completion of the transaction, the director directly owned 7,665 shares in the company, valued at approximately $164,797.50. This represents a 39.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Alistair N. Sporck sold 3,000 shares of Aehr Test Systems stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $14.13, for a total transaction of $42,390.00. Following the sale, 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 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. 6.80% of the stock is owned by corporate insiders.

Institutional Trading of Aehr Test Systems

Large investors have recently added to or reduced their stakes in the company. Kennedy Capital Management LLC acquired a new stake in shares of Aehr Test Systems in the second quarter valued at $5,751,000. AWM Investment Company Inc. increased its holdings in Aehr Test Systems by 28.1% in the first quarter. AWM Investment Company Inc. now owns 1,587,936 shares of the semiconductor company's stock valued at $11,576,000 after purchasing an additional 348,737 shares during the last quarter. Jump Financial LLC lifted its stake in Aehr Test Systems by 324.0% in the first quarter. Jump Financial LLC now owns 119,143 shares of the semiconductor company's stock valued at $869,000 after buying an additional 91,043 shares during the period. Penbrook Management LLC grew its position in shares of Aehr Test Systems by 205.1% during the 2nd quarter. Penbrook Management LLC now owns 126,250 shares of the semiconductor company's stock worth $1,632,000 after buying an additional 84,875 shares during the period. Finally, Wellington Management Group LLP increased its stake in shares of Aehr Test Systems by 37.5% in the 1st quarter. Wellington Management Group LLP now owns 276,573 shares of the semiconductor company's stock valued at $2,016,000 after acquiring an additional 75,500 shares during the last quarter. 69.69% of the stock is owned by institutional investors.

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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