Howard Slayen Sells 6,819 Shares of Aehr Test Systems (NASDAQ:AEHR) Stock

Aehr Test Systems (NASDAQ:AEHR) Director Howard Slayen sold 6,819 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $104.73, for a total transaction of $714,153.87. Following the completion of the sale, the director owned 169,709 shares of the company’s stock, valued at $17,773,623.57. This represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Aehr Test Systems Price Performance

NASDAQ:AEHR traded down $6.84 during trading hours on Friday, reaching $99.50. The company’s stock had a trading volume of 2,179,243 shares, compared to its average volume of 3,193,188. The company has a market cap of $3.13 billion, a price-to-earnings ratio of -261.84 and a beta of 3.26. Aehr Test Systems has a one year low of $8.31 and a one year high of $108.75. The business’s 50-day moving average is $64.54 and its 200-day moving average is $39.52.

Aehr Test Systems (NASDAQ:AEHR) 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 company had revenue of $10.31 million during the quarter, compared to analysts’ expectations of $10.85 million. On average, sell-side analysts predict that Aehr Test Systems will post -0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AEHR shares. Lake Street Capital restated a “buy” rating on shares of Aehr Test Systems in a report on Wednesday, April 8th. Craig Hallum upgraded 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 report on Wednesday, April 8th. Wall Street Zen upgraded shares of Aehr Test Systems from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 11th. Weiss Ratings upgraded shares of Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Finally, William Blair raised shares of Aehr Test Systems from a “market perform” rating to an “outperform” rating in a research report on Monday, March 2nd. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $68.00.

Institutional Investors Weigh In On Aehr Test Systems

Several hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers lifted its stake in shares of Aehr Test Systems by 20.0% in the first quarter. Cetera Investment Advisers now owns 13,920 shares of the semiconductor company’s stock valued at $516,000 after buying an additional 2,322 shares during the period. KBC Group NV acquired a new position in Aehr Test Systems in the first quarter worth about $30,000. Swiss National Bank lifted its stake in Aehr Test Systems by 2.1% during the first quarter. Swiss National Bank now owns 57,500 shares of the semiconductor company’s stock worth $2,132,000 after purchasing an additional 1,200 shares during the period. Greenwood Capital Associates LLC bought a new position in Aehr Test Systems during the first quarter worth about $335,000. Finally, Fortitude Advisory Group L.L.C. lifted its stake in Aehr Test Systems by 35.9% during the first quarter. Fortitude Advisory Group L.L.C. now owns 28,682 shares of the semiconductor company’s stock worth $1,064,000 after purchasing an additional 7,575 shares during the period. Institutional investors own 69.69% of the company’s stock.

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.