Insider Selling: Aehr Test Systems (NASDAQ:AEHR) Director Sells 18,000 Shares of Stock

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) Director Rhea J. Posedel sold 18,000 shares of the company's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $19.83, for a total transaction of $356,940.00. Following the completion of the sale, the director directly owned 71,163 shares in the company, valued at $1,411,162.29. This trade represents a 20.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Aehr Test Systems Trading Down 3.9%

Aehr Test Systems stock traded down $0.86 during midday trading on Thursday, hitting $21.32. 1,440,009 shares of the stock were exchanged, compared to its average volume of 2,341,795. Aehr Test Systems has a fifty-two week low of $6.27 and a fifty-two week high of $23.00. The stock has a market capitalization of $634.70 million, a price-to-earnings ratio of -163.99 and a beta of 2.29. The stock's 50-day simple moving average is $12.37 and its 200 day simple moving average is $10.81.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) last announced its quarterly earnings results 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 net margin of 6.63% and a negative return on equity of 0.15%. The business had revenue of $14,100 billion during the quarter, compared to analysts' expectations of $14.83 million. Equities analysts anticipate that Aehr Test Systems will post 0.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in Aehr Test Systems during the first quarter worth approximately $31,000. GAMMA Investing LLC raised its holdings in Aehr Test Systems by 1,753.1% during the first quarter. GAMMA Investing LLC now owns 7,079 shares of the semiconductor company's stock worth $52,000 after purchasing an additional 6,697 shares in the last quarter. State of Wyoming acquired a new stake in Aehr Test Systems during the fourth quarter worth approximately $67,000. American Century Companies Inc. acquired a new position in shares of Aehr Test Systems in the 1st quarter valued at $86,000. Finally, Headlands Technologies LLC acquired a new position in shares of Aehr Test Systems in the 4th quarter valued at $103,000. Hedge funds and other institutional investors own 69.69% of the company's stock.

About Aehr Test Systems

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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