Aehr Test Systems (NASDAQ:AEHR) Issues Earnings Results, Beats Expectations By $0.17 EPS

Key Points

• Aehr Test Systems beat quarterly expectations: The semiconductor equipment maker reported EPS of $0.28, exceeding the $0.11 consensus by $0.17, while revenue of $33.01 million surpassed estimates of $27.53 million.
• Shares fell sharply despite the earnings beat: The stock traded down $3.42 to $51.47, well below its 50-day and 200-day moving averages, with a market capitalization of approximately $1.68 billion.
• Analyst sentiment remains mixed but leans positive: The stock has an average “Moderate Buy” rating and a $132.50 price target, while insiders sold approximately $13.8 million of shares over the past 90 days.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) posted its quarterly earnings results on Monday. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.17, FiscalAI reports. The business had revenue of $33.01 million during the quarter, compared to the consensus estimate of $27.53 million. Aehr Test Systems had a negative net margin of 14.25% and a negative return on equity of 3.83%.

Aehr Test Systems Stock Performance

Aehr Test Systems stock traded down $3.42 during trading hours on Monday, hitting $51.47. The company had a trading volume of 4,009,559 shares, compared to its average volume of 2,481,317. Aehr Test Systems has a 1 year low of $18.70 and a 1 year high of $147.40. The company has a 50-day moving average price of $83.67 and a two-hundred day moving average price of $73.77. The firm has a market cap of $1.68 billion, a P/E ratio of -214.45 and a beta of 3.36.

Insiders Place Their Bets

In other news, Director Laura Oliphant sold 1,717 shares of the firm's stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $133.00, for a total transaction of $228,361.00. Following the sale, the director owned 16,100 shares of the company's stock, valued at $2,141,300. This trade represents a 9.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Rhea J. Posedel sold 5,973 shares of Aehr Test Systems stock in a transaction on Friday, August 14th. The shares were sold at an average price of $140.00, for a total transaction of $836,220.00. Following the completion of the transaction, the director directly owned 381,989 shares of the company's stock, valued at $53,478,460. The trade was a 1.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 109,475 shares of company stock worth $13,827,160. Insiders own 4.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Lake Street Capital reissued a "buy" rating and issued a $110.00 target price on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Zacks Research cut Aehr Test Systems from a "strong-buy" rating to a "hold" rating in a report on Monday, September 14th. Oppenheimer started coverage on Aehr Test Systems in a research report on Thursday, September 10th. They issued an "outperform" rating and a $120.00 target price for the company. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Aehr Test Systems in a research report on Tuesday, October 27th. Finally, Freedom Capital upgraded Aehr Test Systems from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $132.50.

Aehr Test Systems Company Profile

Aehr Test Systems NASDAQ: AEHR develops and manufactures test and burn-in equipment used to qualify and screen semiconductor devices. Its systems are designed to identify manufacturing defects and reliability issues before chips are shipped to customers, helping semiconductor manufacturers improve production yields and product quality.

The company's product portfolio includes the FOX family of semiconductor test systems, including the FOX-XP, FOX-NP and FOX-1P platforms. Aehr also provides wafer contactors, DiePak carriers and related test fixtures and software.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.