Traders Buy Large Volume of Call Options on Aehr Test Systems (NASDAQ:AEHR)

Aehr Test Systems (NASDAQ:AEHRGet Free Report) was the target of some unusual options trading on Friday. Traders purchased 6,066 call options on the company. This represents an increase of approximately 93% compared to the average daily volume of 3,136 call options.

Insider Activity

In related news, Director Howard T. Slayen bought 20,000 shares of the stock in a transaction dated Friday, August 2nd. The stock was acquired at an average price of $15.50 per share, for a total transaction of $310,000.00. Following the completion of the purchase, the director now owns 220,714 shares in the company, valued at $3,421,067. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Aehr Test Systems news, Director Howard T. Slayen acquired 20,000 shares of the stock in a transaction on Friday, August 2nd. The stock was purchased at an average price of $15.50 per share, for a total transaction of $310,000.00. Following the purchase, the director now directly owns 220,714 shares in the company, valued at $3,421,067. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Fariba Danesh sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $18.59, for a total value of $185,900.00. Following the sale, the director now owns 16,390 shares of the company’s stock, valued at approximately $304,690.10. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.20% of the company’s stock.

Institutional Trading of Aehr Test Systems

Several hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company lifted its holdings in shares of Aehr Test Systems by 7.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,045 shares of the semiconductor company’s stock worth $123,000 after purchasing an additional 769 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Aehr Test Systems by 6.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,018 shares of the semiconductor company’s stock worth $199,000 after purchasing an additional 961 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Aehr Test Systems by 3.8% in the 2nd quarter. Rhumbline Advisers now owns 39,333 shares of the semiconductor company’s stock worth $439,000 after purchasing an additional 1,438 shares during the last quarter. RiverPark Advisors LLC lifted its holdings in shares of Aehr Test Systems by 360.8% in the 1st quarter. RiverPark Advisors LLC now owns 2,069 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 1,620 shares during the last quarter. Finally, Greenwood Capital Associates LLC lifted its holdings in shares of Aehr Test Systems by 10.6% in the 4th quarter. Greenwood Capital Associates LLC now owns 21,046 shares of the semiconductor company’s stock worth $558,000 after purchasing an additional 2,023 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AEHR shares. Craig Hallum upgraded Aehr Test Systems from a “hold” rating to a “buy” rating and raised their price objective for the company from $12.00 to $25.00 in a research note on Wednesday, July 17th. StockNews.com downgraded Aehr Test Systems from a “hold” rating to a “sell” rating in a report on Saturday, October 5th.

Get Our Latest Analysis on Aehr Test Systems

Aehr Test Systems Stock Up 20.3 %

NASDAQ:AEHR opened at $16.02 on Friday. The business’s 50 day moving average is $13.44 and its two-hundred day moving average is $12.99. Aehr Test Systems has a 52 week low of $9.83 and a 52 week high of $41.67. The company has a market cap of $473.87 million, a PE ratio of 14.40 and a beta of 2.03.

Aehr Test Systems (NASDAQ:AEHRGet Free Report) last released its earnings results on Friday, July 19th. The semiconductor company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.70. Aehr Test Systems had a return on equity of 36.41% and a net margin of 50.07%. The company had revenue of $16.60 million for the quarter. During the same period in the prior year, the business earned $0.21 EPS. As a group, sell-side analysts expect that Aehr Test Systems will post 0.25 EPS for the current fiscal year.

About Aehr Test Systems

(Get Free Report)

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.

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