Aehr Test Systems (AEHR) Set to Announce Earnings on Tuesday

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) is set to release its earnings data after the market closes on Tuesday, April 9th. Analysts expect Aehr Test Systems to post earnings of ($0.04) per share for the quarter. Aehr Test Systems has set its FY 2024 guidance at EPS and its Q2 guidance at $0.23 EPS.Persons interested in listening to the company's earnings conference call can do so using this link.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) last announced its quarterly earnings results on Tuesday, January 9th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.04. The company had revenue of $21.43 million for the quarter, compared to analysts' expectations of $20.10 million. Aehr Test Systems had a net margin of 25.76% and a return on equity of 26.97%. On average, analysts expect Aehr Test Systems to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Aehr Test Systems Price Performance

Aehr Test Systems stock traded down $0.46 during mid-day trading on Tuesday, reaching $11.89. The stock had a trading volume of 967,871 shares, compared to its average volume of 1,716,509. The company has a market capitalization of $343.03 million, a price-to-earnings ratio of 16.75 and a beta of 1.98. The company has a 50-day moving average price of $15.56 and a two-hundred day moving average price of $24.36. Aehr Test Systems has a one year low of $10.53 and a one year high of $54.10.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AEHR. Craig Hallum reiterated a "hold" rating and issued a $12.00 price target on shares of Aehr Test Systems in a research note on Tuesday, March 26th. William Blair restated a "market perform" rating on shares of Aehr Test Systems in a research note on Monday, March 25th. Finally, StockNews.com upgraded shares of Aehr Test Systems from a "sell" rating to a "hold" rating in a research note on Friday, January 19th.

Insider Buying and Selling at Aehr Test Systems

In related news, VP Avijit K. Ray-Chaudhuri bought 3,000 shares of the stock in a transaction on Friday, January 12th. The shares were acquired at an average price of $17.87 per share, for a total transaction of $53,610.00. Following the purchase, the vice president now owns 9,719 shares of the company's stock, valued at $173,678.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Gayn Erickson sold 4,871 shares of the stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $17.39, for a total value of $84,706.69. Following the transaction, the chief executive officer now owns 427,935 shares in the company, valued at approximately $7,441,789.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Avijit K. Ray-Chaudhuri bought 3,000 shares of Aehr Test Systems stock in a transaction that occurred on Friday, January 12th. The stock was purchased at an average cost of $17.87 per share, with a total value of $53,610.00. Following the completion of the acquisition, the vice president now directly owns 9,719 shares in the company, valued at approximately $173,678.53. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 8,738 shares of company stock worth $151,723. Company insiders own 6.30% of the company's stock.

Institutional Investors Weigh In On Aehr Test Systems

A number of institutional investors have recently added to or reduced their stakes in AEHR. Ameriprise Financial Inc. purchased a new stake in Aehr Test Systems during the 1st quarter valued at approximately $42,623,000. BlackRock Inc. lifted its position in Aehr Test Systems by 253.4% in the second quarter. BlackRock Inc. now owns 1,830,555 shares of the semiconductor company's stock worth $75,510,000 after buying an additional 1,312,565 shares during the last quarter. State Street Corp lifted its position in Aehr Test Systems by 236.7% in the second quarter. State Street Corp now owns 553,144 shares of the semiconductor company's stock worth $22,817,000 after buying an additional 388,860 shares during the last quarter. Point72 Asset Management L.P. lifted its position in Aehr Test Systems by 114.1% in the fourth quarter. Point72 Asset Management L.P. now owns 721,646 shares of the semiconductor company's stock worth $14,505,000 after buying an additional 384,636 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Aehr Test Systems by 2,389.5% in the first quarter. Dimensional Fund Advisors LP now owns 328,192 shares of the semiconductor company's stock worth $10,185,000 after buying an additional 315,009 shares during the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

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.