Aehr Test Systems $AEHR Shares Sold by Inspire Investing LLC

Inspire Investing LLC lowered its position in shares of Aehr Test Systems (NASDAQ:AEHR) by 39.6% during the first quarter, HoldingsChannel reports. The firm owned 14,057 shares of the semiconductor company’s stock after selling 9,219 shares during the period. Inspire Investing LLC’s holdings in Aehr Test Systems were worth $521,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new position in shares of Aehr Test Systems during the fourth quarter worth $25,000. Sunbelt Securities Inc. acquired a new stake in Aehr Test Systems during the 3rd quarter valued at $27,000. State of Wyoming purchased a new stake in Aehr Test Systems during the 2nd quarter worth $28,000. RiverPark Advisors LLC purchased a new stake in Aehr Test Systems during the 3rd quarter worth $42,000. Finally, Russell Investments Group Ltd. lifted its holdings in Aehr Test Systems by 3,500.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,448 shares of the semiconductor company’s stock worth $74,000 after buying an additional 2,380 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Insider Buying and Selling

In other news, EVP Alberto Salamone sold 15,000 shares of the stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $89.57, for a total transaction of $1,343,550.00. Following the transaction, the executive vice president owned 63,025 shares of the company’s stock, valued at approximately $5,645,149.25. This trade represents a 19.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Alistair N. Sporck sold 2,000 shares of Aehr Test Systems stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $93.50, for a total value of $187,000.00. Following the completion of the transaction, the vice president owned 5,177 shares of the company’s stock, valued at $484,049.50. This trade represents a 27.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 375,005 shares of company stock worth $28,656,178. 6.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AEHR. Wall Street Zen raised shares of Aehr Test Systems from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 6th. Craig Hallum raised Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Wednesday, April 8th. Lake Street Capital reiterated a “buy” rating on shares of Aehr Test Systems in a research note on Wednesday, April 8th. Finally, Weiss Ratings raised Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $68.00.

Aehr Test Systems Trading Down 17.1%

Shares of NASDAQ:AEHR opened at $69.96 on Friday. The company has a fifty day simple moving average of $97.89 and a 200 day simple moving average of $57.79. The firm has a market cap of $2.20 billion, a PE ratio of -184.11 and a beta of 3.17. Aehr Test Systems has a 12-month low of $12.19 and a 12-month high of $126.62.

Aehr Test Systems (NASDAQ:AEHR) last posted its quarterly earnings results on Tuesday, April 7th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $10.31 million for the quarter, compared to analysts’ expectations of $10.85 million. As a group, equities research analysts forecast that Aehr Test Systems will post -0.31 EPS for the current fiscal year.

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.