Aehr Test Systems (NASDAQ:AEHR - Get Free Report)'s share price dropped 8.8% during mid-day trading on Thursday . The stock traded as low as $18.45 and last traded at $18.39. Approximately 457,931 shares traded hands during trading, a decline of 59% from the average daily volume of 1,117,026 shares. The stock had previously closed at $20.16.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded shares of Aehr Test Systems to a "sell" rating in a research report on Tuesday, May 13th.
Get Our Latest Report on Aehr Test Systems
Aehr Test Systems Stock Down 8.1%
The company has a market capitalization of $554.18 million, a PE ratio of -141.57 and a beta of 2.35. The firm's 50 day simple moving average is $15.20 and its 200 day simple moving average is $11.31.
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. Aehr Test Systems had a negative return on equity of 0.15% and a negative net margin of 6.63%. The business had revenue of $14,100 billion for the quarter, compared to analyst estimates of $14.83 million. As a group, sell-side analysts predict that Aehr Test Systems will post 0.1 EPS for the current fiscal year.
Insider Activity at Aehr Test Systems
In other Aehr Test Systems news, VP Alistair N. Sporck sold 3,000 shares of the company's stock in a transaction on 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. This represents a 8.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rhea J. Posedel sold 18,000 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $19.83, for a total value of $356,940.00. Following the transaction, the director owned 71,163 shares of the company's stock, valued at $1,411,162.29. This trade represents a 20.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,000 shares of company stock valued at $506,830. 6.20% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC acquired a new position in Aehr Test Systems during the fourth quarter worth $874,000. JPMorgan Chase & Co. lifted its position in Aehr Test Systems by 15.4% during the fourth quarter. JPMorgan Chase & Co. now owns 15,591 shares of the semiconductor company's stock worth $259,000 after buying an additional 2,076 shares during the period. Geode Capital Management LLC increased its stake in Aehr Test Systems by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 647,610 shares of the semiconductor company's stock worth $10,773,000 after acquiring an additional 8,461 shares during the last quarter. Wells Fargo & Company MN increased its stake in Aehr Test Systems by 81.7% during the fourth quarter. Wells Fargo & Company MN now owns 17,856 shares of the semiconductor company's stock worth $297,000 after acquiring an additional 8,027 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Aehr Test Systems by 7.9% in the fourth quarter. Invesco Ltd. now owns 16,007 shares of the semiconductor company's stock valued at $266,000 after buying an additional 1,172 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company's stock.
Aehr Test Systems Company Profile
(
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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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