Aehr Test Systems (NASDAQ:AEHR) Issues Earnings Results, Beats Estimates By $0.06 EPS

Aehr Test Systems (NASDAQ:AEHR) announced its quarterly earnings data on Tuesday. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.06, Zacks reports. Aehr Test Systems had a negative return on equity of 7.15% and a negative net margin of 25.23%.

Aehr Test Systems Stock Performance

Shares of AEHR stock traded up $3.99 during trading hours on Tuesday, reaching $72.01. The company had a trading volume of 3,946,779 shares, compared to its average volume of 2,265,642. The business has a fifty day moving average price of $95.13 and a 200-day moving average price of $60.18. Aehr Test Systems has a one year low of $14.01 and a one year high of $126.62. The firm has a market cap of $2.26 billion, a PE ratio of -189.50 and a beta of 3.17.

Analyst Ratings Changes

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

Insider Activity at Aehr Test Systems

In related news, Director Laura Oliphant sold 4,665 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $85.59, for a total value of $399,277.35. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Fariba Danesh sold 8,000 shares of Aehr Test Systems stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $82.63, for a total transaction of $661,040.00. Following the completion of the sale, the director directly owned 13,143 shares of the company’s stock, valued at approximately $1,086,006.09. This trade represents a 37.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 123,606 shares of company stock valued at $10,969,625 over the last quarter. 6.80% of the stock is owned by company insiders.

Institutional Trading of Aehr Test Systems

Several large investors have recently modified their holdings of the company. Sunbelt Securities Inc. purchased a new stake in Aehr Test Systems during the third quarter valued at $27,000. Caitong International Asset Management Co. Ltd purchased a new position in Aehr Test Systems in the fourth quarter worth about $25,000. State of Wyoming purchased a new position in Aehr Test Systems in the second quarter worth about $28,000. Russell Investments Group Ltd. grew its stake in shares of Aehr Test Systems by 3,500.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,448 shares of the semiconductor company’s stock valued at $74,000 after purchasing an additional 2,380 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in shares of Aehr Test Systems by 99.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,533 shares of the semiconductor company’s stock valued at $167,000 after purchasing an additional 2,759 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.