Key Points
- Aehr Test Systems director Howard Slayen sold 6,819 shares on May 13 at an average price of $104.73, totaling about $714,154. After the sale, he still held 169,709 shares valued at roughly $17.8 million.
- AEHR shares were down 6.4% in the session referenced, opening at $99.50 and trading near their 52-week high of $108.75. The stock has been highly volatile, with a beta of 3.26 and a market cap of $3.13 billion.
- Recent earnings were mixed: Aehr posted a smaller-than-expected quarterly loss of $0.05 per share versus estimates of $0.07, but revenue of $10.31 million came in below analyst expectations. Analysts currently have a consensus rating of Hold with a $68 price target.
Aehr Test Systems (NASDAQ:AEHR - Get Free Report) Director Howard Slayen sold 6,819 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $104.73, for a total value of $714,153.87. Following the completion of the sale, the director owned 169,709 shares in the company, valued at approximately $17,773,623.57. The trade was a 3.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Aehr Test Systems Stock Down 6.4%
AEHR stock opened at $99.50 on Friday. The business's fifty day simple moving average is $64.54 and its two-hundred day simple moving average is $39.52. Aehr Test Systems has a twelve month low of $8.31 and a twelve month high of $108.75. The firm 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 (NASDAQ:AEHR - Get Free Report) last released its earnings results on Tuesday, April 7th. The semiconductor company reported ($0.05) earnings per share for the quarter, topping analysts' consensus estimates of ($0.07) by $0.02. Aehr Test Systems had a negative return on equity of 7.15% and a negative net margin of 25.23%.The business had revenue of $10.31 million for the quarter, compared to analyst estimates of $10.85 million. Research analysts expect that Aehr Test Systems will post -0.31 EPS for the current year.
Hedge Funds Weigh In On Aehr Test Systems
A number of hedge funds and other institutional investors have recently made changes to their positions in AEHR. William Blair Investment Management LLC bought a new position in shares of Aehr Test Systems during the 3rd quarter worth $26,920,000. Wellington Management Group LLP boosted its position in Aehr Test Systems by 129.9% during the fourth quarter. Wellington Management Group LLP now owns 830,664 shares of the semiconductor company's stock valued at $16,771,000 after purchasing an additional 469,400 shares in the last quarter. Invesco Ltd. boosted its position in Aehr Test Systems by 1,137.2% during the third quarter. Invesco Ltd. now owns 366,570 shares of the semiconductor company's stock valued at $11,037,000 after purchasing an additional 336,940 shares in the last quarter. Next Century Growth Investors LLC boosted its position in Aehr Test Systems by 99.9% during the fourth quarter. Next Century Growth Investors LLC now owns 552,506 shares of the semiconductor company's stock valued at $11,155,000 after purchasing an additional 276,160 shares in the last quarter. Finally, Halter Ferguson Financial Inc. boosted its position in Aehr Test Systems by 41.7% during the fourth quarter. Halter Ferguson Financial Inc. now owns 642,129 shares of the semiconductor company's stock valued at $12,965,000 after purchasing an additional 189,117 shares in the last quarter. Institutional investors own 69.69% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on AEHR shares. Weiss Ratings upgraded Aehr Test Systems from a "sell (d)" rating to a "sell (d+)" rating in a research note on Monday, May 4th. 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 research report on Wednesday, April 8th. William Blair raised Aehr Test Systems from a "market perform" rating to an "outperform" rating in a research report on Monday, March 2nd. Lake Street Capital reissued a "buy" rating on shares of Aehr Test Systems in a research report on Wednesday, April 8th. Finally, Wall Street Zen downgraded Aehr Test Systems from a "sell" rating to a "strong sell" rating in a research report on Saturday. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Aehr Test Systems currently has an average rating of "Hold" and a consensus price target of $68.00.
Check Out Our Latest Research Report on AEHR
About Aehr Test Systems
(
Get Free Report)
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.
Further Reading
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