Insider Selling: Aehr Test Systems (NASDAQ:AEHR) Director Sells 7,000 Shares of Stock

Key Points

• Director Fariba Danesh sold 7,000 shares of Aehr Test Systems on April 13 at an average price of $71.49 for proceeds of $500,430, cutting her stake by 34.75% to 13,143 shares (≈$939,593); the sale was disclosed in an SEC filing.
• Stock and company context: AEHR traded around $71.66 (up ~1.7%) with a $2.25 billion market cap and a 12‑month range of $7.71–$74.53; the company reported Q earnings of ($0.05) beating estimates, revenue of $10.31M slightly below forecasts, and about 69.7% of shares are held by institutions amid mixed analyst ratings (consensus "Hold", $68 price target).

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) Director Fariba Danesh sold 7,000 shares of the stock in a transaction on Monday, April 13th. The shares were sold at an average price of $71.49, for a total value of $500,430.00. Following the transaction, the director directly owned 13,143 shares of the company's stock, valued at approximately $939,593.07. The trade was a 34.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Fariba Danesh also recently made the following trade(s):

• On Friday, April 10th, Fariba Danesh sold 3,500 shares of Aehr Test Systems stock. The stock was sold at an average price of $70.05, for a total transaction of $245,175.00.

Aehr Test Systems Stock Up 1.7%

Aehr Test Systems stock traded up $1.23 during mid-day trading on Monday, hitting $71.66. The company's stock had a trading volume of 3,367,030 shares, compared to its average volume of 3,112,454. The stock has a market capitalization of $2.25 billion, a P/E ratio of -188.58 and a beta of 2.28. Aehr Test Systems has a twelve month low of $7.71 and a twelve month high of $74.53. The stock's fifty day moving average price is $38.57 and its two-hundred day moving average price is $29.70.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) last released its quarterly earnings results on Tuesday, April 7th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.02. Aehr Test Systems had a negative net margin of 25.23% and a negative return on equity of 7.15%. The business had revenue of $10.31 million for the quarter, compared to analyst estimates of $10.85 million. Equities analysts expect that Aehr Test Systems will post 0.1 earnings per share for the current year.

Institutional Investors Weigh In On Aehr Test Systems

Several institutional investors have recently made changes to their positions in AEHR. Royal Bank of Canada boosted its stake in shares of Aehr Test Systems by 262.7% during the 1st quarter. Royal Bank of Canada now owns 50,207 shares of the semiconductor company's stock worth $365,000 after acquiring an additional 36,364 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Aehr Test Systems by 8.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,225 shares of the semiconductor company's stock valued at $126,000 after buying an additional 1,344 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Aehr Test Systems by 7.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 15,576 shares of the semiconductor company's stock valued at $201,000 after buying an additional 1,145 shares during the last quarter. Legal & General Group Plc boosted its position in Aehr Test Systems by 110.8% in the 2nd quarter. Legal & General Group Plc now owns 6,882 shares of the semiconductor company's stock valued at $89,000 after buying an additional 3,617 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in Aehr Test Systems by 3.1% during the 2nd quarter. Rhumbline Advisers now owns 41,466 shares of the semiconductor company's stock worth $536,000 after acquiring an additional 1,254 shares during the period. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AEHR shares. William Blair upgraded shares of Aehr Test Systems from a "market perform" rating to an "outperform" rating in a report on Monday, March 2nd. Lake Street Capital restated a "buy" rating on shares of Aehr Test Systems in a report on Wednesday, April 8th. Craig Hallum raised shares of Aehr Test Systems from a "hold" rating to a "buy" rating and set a $68.00 price target for the company in a research report on Wednesday, April 8th. Wall Street Zen raised shares of Aehr Test Systems from a "strong sell" rating to a "sell" rating in a research report on Saturday. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of Aehr Test Systems in a research report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $68.00.

Aehr Test Systems Company Profile

Aehr Test Systems develops, manufactures and sells semiconductor test and burn-in equipment used by device manufacturers to ensure quality and reliability of integrated circuits. Its products are designed for wafer-level reliability assessment, functional test and stress screening of memory devices, system-on-chips, optical components and power semiconductors. By focusing on wafer-level burn-in and testing processes, the company helps reduce cost and improve yield for high-volume semiconductor production.

The company's product portfolio includes FOX series wafer probe test and burn-in systems as well as ABTS burn-in ovens.

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