Aehr Test Systems (NASDAQ:AEHR) Director Sells $223,110.00 in Stock

Aehr Test Systems (NASDAQ:AEHR) Director Fariba Danesh sold 9,000 shares of the business’s stock in a transaction on Thursday, October 9th. The stock was sold at an average price of $24.79, for a total value of $223,110.00. Following the transaction, the director directly owned 16,643 shares of the company’s stock, valued at $412,579.97. This trade represents a 35.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Aehr Test Systems Stock Performance

Aehr Test Systems stock opened at $23.49 on Monday. The stock has a market capitalization of $704.93 million, a P/E ratio of -106.77 and a beta of 2.47. Aehr Test Systems has a 52 week low of $6.27 and a 52 week high of $34.35. The stock has a fifty day moving average of $25.13 and a 200-day moving average of $16.11.

Aehr Test Systems (NASDAQ:AEHR) last issued its quarterly earnings data on Monday, October 6th. The semiconductor company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. The business had revenue of $11.00 million for the quarter, compared to analyst estimates of $13.69 million. Aehr Test Systems had a negative return on equity of 2.41% and a negative net margin of 11.71%.During the same quarter in the previous year, the company posted $0.07 EPS. On average, research analysts forecast that Aehr Test Systems will post 0.1 earnings per share for the current year.

Institutional Investors Weigh In On Aehr Test Systems

A number of institutional investors have recently made changes to their positions in the stock. Halter Ferguson Financial Inc. grew its position in shares of Aehr Test Systems by 3.0% in the 3rd quarter. Halter Ferguson Financial Inc. now owns 453,012 shares of the semiconductor company’s stock valued at $13,640,000 after buying an additional 13,298 shares during the last quarter. Osaic Holdings Inc. boosted its position in shares of 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 purchasing an additional 1,210 shares in the last quarter. State of Wyoming bought a new stake in shares of Aehr Test Systems during the 2nd quarter valued at about $28,000. FORA Capital LLC bought a new stake in shares of Aehr Test Systems during the 2nd quarter valued at about $144,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Aehr Test Systems by 159.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,144 shares of the semiconductor company’s stock valued at $131,000 after purchasing an additional 6,232 shares in the last quarter. Institutional investors own 69.69% of the company’s stock.

Wall Street Analysts Forecast Growth

AEHR has been the topic of a number of research reports. Zacks Research lowered Aehr Test Systems from a “hold” rating to a “strong sell” rating in a research report on Thursday. Weiss Ratings restated a “sell (d)” rating on shares of Aehr Test Systems in a research report on Wednesday, October 8th. Finally, Craig Hallum lowered 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. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Aehr Test Systems has an average rating of “Sell” and a consensus price target of $24.00.

Aehr Test Systems Company Profile

Aehr Test Systems provides test solutions for testing, burning-in, and semiconductor devices in wafer level, singulated die, and package part form, and installed systems worldwide. Its product portfolio includes FOX-XP and FOX-NP systems that are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize range of devices, including silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices.