Aehr Test Systems (NASDAQ:AEHR) Director Rhea Posedel Sells 13,998 Shares

Aehr Test Systems (NASDAQ:AEHR) Director Rhea Posedel sold 13,998 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $30.02, for a total transaction of $420,219.96. Following the transaction, the director owned 456,979 shares in the company, valued at $13,718,509.58. This trade represents a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Aehr Test Systems Stock Up 3.4%

Shares of AEHR traded up $0.95 during midday trading on Friday, hitting $28.84. The company had a trading volume of 1,377,191 shares, compared to its average volume of 1,396,946. The stock has a market cap of $883.37 million, a price-to-earnings ratio of -96.13 and a beta of 2.31. The company’s 50 day moving average price is $25.06 and its 200 day moving average price is $24.54. Aehr Test Systems has a 52 week low of $6.27 and a 52 week high of $37.49.

Aehr Test Systems (NASDAQ:AEHR) last issued its quarterly earnings results on Thursday, January 8th. The semiconductor company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.04. The business had revenue of $9.88 million for the quarter, compared to analysts’ expectations of $11.45 million. Aehr Test Systems had a negative net margin of 16.63% and a negative return on equity of 4.57%. Equities analysts anticipate that Aehr Test Systems will post 0.1 EPS for the current fiscal year.

Institutional Trading of Aehr Test Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd bought a new stake in Aehr Test Systems during the fourth quarter worth approximately $25,000. Sunbelt Securities Inc. acquired a new position in shares of Aehr Test Systems during the 3rd quarter valued at $27,000. State of Wyoming bought a new stake in shares of Aehr Test Systems in the 2nd quarter worth $28,000. Jones Financial Companies Lllp lifted its holdings in shares of Aehr Test Systems by 3,448.3% in the third quarter. Jones Financial Companies Lllp now owns 1,029 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 1,000 shares during the period. Finally, RiverPark Advisors LLC acquired a new position in Aehr Test Systems during the third quarter worth about $42,000. 69.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AEHR has been the subject of a number of research analyst reports. Lake Street Capital initiated coverage on Aehr Test Systems in a report on Wednesday, December 17th. They issued a “buy” rating for the company. Craig Hallum reaffirmed a “hold” rating on shares of Aehr Test Systems in a report on Friday, January 9th. Weiss Ratings reiterated a “sell (d)” rating on shares of Aehr Test Systems in a research note on Wednesday, January 21st. Finally, Zacks Research upgraded shares of Aehr Test Systems from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $21.00.

About Aehr Test Systems

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.