Aehr Test Systems (NASDAQ:AEHR) Releases Earnings Results, Misses Expectations By $0.03 EPS

Aehr Test Systems (NASDAQ:AEHR) released its quarterly earnings data on Thursday. The semiconductor company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.03), Zacks reports. Aehr Test Systems had a negative return on equity of 2.41% and a negative net margin of 11.71%.

Aehr Test Systems Price Performance

AEHR traded down $1.48 during trading on Thursday, hitting $22.70. 1,501,667 shares of the stock traded hands, compared to its average volume of 837,593. The firm has a market capitalization of $681.23 million, a P/E ratio of -103.18 and a beta of 2.33. The firm has a 50-day moving average of $22.79 and a 200 day moving average of $22.43. Aehr Test Systems has a 12-month low of $6.27 and a 12-month high of $34.35.

Analyst Ratings Changes

Several brokerages have recently weighed in on AEHR. Lake Street Capital started coverage on Aehr Test Systems in a research report on Wednesday, December 17th. They set a “buy” rating on the stock. Craig Hallum downgraded Aehr Test Systems from a “buy” rating to a “hold” rating and set a $24.00 price target on the stock. in a research report on Tuesday, October 7th. Zacks Research raised Aehr Test Systems from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Aehr Test Systems in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $24.00.

Insiders Place Their Bets

In other news, Director Howard T. Slayen sold 6,000 shares of Aehr Test Systems stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $25.73, for a total value of $154,380.00. Following the sale, the director directly owned 218,328 shares in the company, valued at approximately $5,617,579.44. This trade represents a 2.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 6.80% of the company’s stock.

Institutional Trading of Aehr Test Systems

Several institutional investors and hedge funds have recently bought and sold shares of AEHR. Sunbelt Securities Inc. purchased a new stake in Aehr Test Systems in the third quarter worth $27,000. JPMorgan Chase & Co. grew its stake in shares of Aehr Test Systems by 7.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 15,576 shares of the semiconductor company’s stock worth $201,000 after buying an additional 1,145 shares during the last quarter. Osaic Holdings Inc. increased its position in Aehr Test Systems by 1.9% during the 2nd quarter. Osaic Holdings Inc. now owns 63,608 shares of the semiconductor company’s stock valued at $822,000 after buying an additional 1,210 shares in the last quarter. Rhumbline Advisers raised its stake in Aehr Test Systems by 3.1% during the second quarter. Rhumbline Advisers now owns 41,466 shares of the semiconductor company’s stock valued at $536,000 after buying an additional 1,254 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Aehr Test Systems by 8.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,225 shares of the semiconductor company’s stock worth $126,000 after acquiring an additional 1,344 shares in the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

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.