Aehr Test Systems Target of Unusually High Options Trading (NASDAQ:AEHR)

Key Points

• Traders on Tuesday purchased a significant volume of 5,825 call options for Aehr Test Systems, marking a 91% increase compared to the average daily volume.
• Insider activity includes VP Alistair N. Sporck selling 3,000 shares and Director Laura Oliphant selling 5,000 shares, indicating a decrease in their ownership stakes.
• Institutional investors now hold 69.69% of Aehr Test Systems' stock, with several new positions purchased in the second quarter, highlighting growing interest in the company.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) saw some unusual options trading on Tuesday. Traders bought 5,825 call options on the stock. Thisrepresentsanincreaseofapproximately91% compared to the typical volume of 3,055 call options.

Analyst Upgrades and Downgrades

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

Insider Activity

In other Aehr Test Systems news, VP Alistair N. Sporck sold 3,000 shares of the stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $14.13, for a total transaction of $42,390.00. Following the transaction, the vice president owned 30,808 shares of the company's stock, valued at $435,317.04. This trade represents a 8.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Rhea J. Posedel sold 18,000 shares of Aehr Test Systems 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 transaction, the director owned 71,163 shares in the company, valued at approximately $1,411,162.29. This trade represents a 20.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,000 shares of company stock valued at $506,830 in the last 90 days. 6.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Aehr Test Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AEHR. State of Wyoming purchased a new stake in shares of Aehr Test Systems during the second quarter worth about $28,000. Quantbot Technologies LP bought a new stake in shares of Aehr Test Systems in the 1st quarter worth about $31,000. GAMMA Investing LLC lifted its position in shares of 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 during the last quarter. CWM LLC grew its stake in Aehr Test Systems by 15.1% in the second quarter. CWM LLC now owns 6,062 shares of the semiconductor company's stock worth $78,000 after purchasing an additional 793 shares in the last quarter. Finally, American Century Companies Inc. bought a new stake in Aehr Test Systems in the first quarter valued at about $86,000. 69.69% of the stock is owned by hedge funds and other institutional investors.

Aehr Test Systems Stock Up 2.5%

Shares of NASDAQ AEHR traded up $0.44 on Friday, hitting $18.10. The company had a trading volume of 1,509,511 shares, compared to its average volume of 1,131,755. Aehr Test Systems has a 12-month low of $6.27 and a 12-month high of $23.00. The business has a 50 day moving average of $16.12 and a two-hundred day moving average of $11.65. The firm has a market capitalization of $541.55 million, a P/E ratio of -139.22 and a beta of 2.35.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 8th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.02) by $0.01. The company had revenue of $14,100 billion for the quarter, compared to analyst estimates of $14.83 million. Aehr Test Systems had a negative net margin of 6.63% and a negative return on equity of 0.15%. On average, sell-side analysts anticipate that Aehr Test Systems will post 0.1 earnings per share for the current year.

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.