Aehr Test Systems (NASDAQ:AEHR) Trading Up 8.6% - Still a Buy?

Key Points

• Aehr Test Systems shares rose by 8.6%, reaching a trading high of $32.63 with a trading volume of around 1,007,012 shares, which is 20% lower than the average.
• The company reported quarterly earnings with an EPS of ($0.01), exceeding analysts' expectations by $0.01, although revenue fell short of estimates at $14.10 million.
• Insider trading activity saw VP Alistair N. Sporck and Director Rhea J. Posedel sell a combined total of 21,000 shares recently, indicating a significant reduction in their ownership stake in the company.

Shares of Aehr Test Systems (NASDAQ:AEHR - Get Free Report) were up 8.6% on Wednesday . The company traded as high as $32.63 and last traded at $32.71. Approximately 1,007,012 shares were traded during trading, a decline of 20% from the average daily volume of 1,256,330 shares. The stock had previously closed at $30.11.

Aehr Test Systems Price Performance

The business has a 50-day moving average of $23.68 and a two-hundred day moving average of $14.98. The company has a market cap of $996.50 million, a P/E ratio of -255.75 and a beta of 2.54.

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 for the quarter, beating 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 company had revenue of $14.10 million for the quarter, compared to the consensus estimate of $14.83 million. Equities analysts anticipate that Aehr Test Systems will post 0.1 EPS for the current fiscal year.

Insider Buying and Selling at Aehr Test Systems

In other Aehr Test Systems news, VP Alistair N. Sporck sold 3,000 shares of the 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 completion of the sale, the vice president directly owned 30,808 shares in the company, valued at approximately $435,317.04. This trade represents a 8.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Rhea J. Posedel sold 18,000 shares of the 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 completion of the sale, the director owned 71,163 shares of the company's stock, valued at approximately $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. Over the last ninety days, insiders sold 26,000 shares of company stock worth $506,830. 6.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Aehr Test Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. raised its stake in Aehr Test Systems by 1.9% in the second quarter. Osaic Holdings Inc. now owns 63,608 shares of the semiconductor company's stock valued at $822,000 after buying an additional 1,210 shares during the last quarter. State of Wyoming purchased a new position in shares of Aehr Test Systems in the second quarter worth about $28,000. FORA Capital LLC purchased a new position in shares of Aehr Test Systems in the second quarter worth about $144,000. Tower Research Capital LLC TRC raised its stake in shares of Aehr Test Systems by 159.3% in the second quarter. Tower Research Capital LLC TRC now owns 10,144 shares of the semiconductor company's stock worth $131,000 after purchasing an additional 6,232 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new position in shares of Aehr Test Systems in the second quarter worth about $116,000. 69.69% of the stock is currently owned by hedge funds and other 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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