Vernon Rogers Sells 20,000 Shares of Aehr Test Systems (NASDAQ:AEHR) Stock

Aehr Test Systems (NASDAQ:AEHRGet Rating) VP Vernon Rogers sold 20,000 shares of the business’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $26.32, for a total value of $526,400.00. Following the completion of the transaction, the vice president now owns 71,129 shares in the company, valued at approximately $1,872,115.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Aehr Test Systems Stock Performance

AEHR opened at $23.61 on Friday. The company has a market cap of $649.16 million, a PE ratio of 71.55 and a beta of 1.64. The stock has a 50-day moving average of $17.94 and a 200-day moving average of $13.17. Aehr Test Systems has a 52-week low of $6.71 and a 52-week high of $26.67.

Aehr Test Systems (NASDAQ:AEHRGet Rating) last released its quarterly earnings results on Thursday, October 6th. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $10.67 million during the quarter. Aehr Test Systems had a return on equity of 22.10% and a net margin of 16.73%. On average, research analysts predict that Aehr Test Systems will post 0.39 earnings per share for the current year.

Hedge Funds Weigh In On Aehr Test Systems

Several large investors have recently made changes to their positions in AEHR. Advisor Group Holdings Inc. lifted its position in shares of Aehr Test Systems by 48.8% during the 1st quarter. Advisor Group Holdings Inc. now owns 102,580 shares of the semiconductor company’s stock worth $1,042,000 after purchasing an additional 33,638 shares during the last quarter. Ameritas Advisory Services LLC lifted its position in shares of Aehr Test Systems by 76.9% during the 1st quarter. Ameritas Advisory Services LLC now owns 364,547 shares of the semiconductor company’s stock worth $3,704,000 after purchasing an additional 158,500 shares during the last quarter. Royce & Associates LP lifted its position in shares of Aehr Test Systems by 18.7% during the 1st quarter. Royce & Associates LP now owns 310,459 shares of the semiconductor company’s stock worth $3,154,000 after purchasing an additional 48,800 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of Aehr Test Systems during the 1st quarter worth about $1,251,000. Finally, Essex Investment Management Co. LLC acquired a new position in shares of Aehr Test Systems during the 1st quarter worth about $1,707,000. Institutional investors and hedge funds own 32.76% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. TheStreet downgraded Aehr Test Systems from a “b-” rating to a “c+” rating in a research note on Tuesday, October 18th. StockNews.com upgraded Aehr Test Systems from a “sell” rating to a “hold” rating in a research note on Friday, October 7th. Finally, William Blair started coverage on Aehr Test Systems in a research note on Monday, October 17th. They set an “outperform” rating for the company.

Aehr Test Systems Company Profile

(Get Rating)

Aehr Test Systems provides test systems for burning-in semiconductor devices in wafer level, singulated die, and package part form worldwide. Its products include ABTS system that is used in the production and qualification testing of packaged parts for lower power and higher power logic devices, as well as for common types of memory devices; and FOX-XP and FOX-NP systems that are full wafer contact and singulated die/module test and burn-in systems for burn-in and functional test of complex devices, such as leading-edge silicon carbide-based power semiconductors, memories, digital signal processors, microprocessors, microcontrollers, systems-on-a-chip, and integrated optical devices.

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