Investors Purchase Large Volume of Call Options on Aehr Test Systems (NASDAQ:AEHR)

Aehr Test Systems (NASDAQ:AEHR) was the target of unusually large options trading activity on Tuesday. Traders bought 5,825 call options on the company. Thisisanincreaseofapproximately91% compared to the average daily volume of 3,055 call options.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Aehr Test Systems to a “sell” rating in a research report on Tuesday, May 13th.

Aehr Test Systems Trading Down 9.3%

Shares of NASDAQ:AEHR opened at $17.59 on Wednesday. The company has a market capitalization of $526.29 million, a price-to-earnings ratio of -135.30 and a beta of 2.35. Aehr Test Systems has a 12 month low of $6.27 and a 12 month high of $23.00. The firm’s 50-day moving average is $15.75 and its 200 day moving average is $11.51.

Aehr Test Systems (NASDAQ:AEHR) last issued its quarterly earnings results on Tuesday, July 8th. The semiconductor company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. The company had revenue of $14,100 billion for the quarter, compared to the consensus estimate of $14.83 million. Aehr Test Systems had a negative net margin of 6.63% and a negative return on equity of 0.15%. As a group, equities analysts forecast that Aehr Test Systems will post 0.1 EPS for the current fiscal year.

Insiders Place Their Bets

In other Aehr Test Systems news, Director Laura Oliphant sold 5,000 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $21.50, for a total transaction of $107,500.00. Following the completion of the transaction, the director owned 7,665 shares of the company’s stock, valued at $164,797.50. This represents a 39.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rhea J. Posedel sold 18,000 shares of the stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $19.83, for a total transaction of $356,940.00. Following the transaction, the director directly owned 71,163 shares of the company’s stock, valued at $1,411,162.29. This trade represents a 20.19% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,000 shares of company stock valued at $506,830. Company insiders own 6.20% of the company’s stock.

Hedge Funds Weigh In On Aehr Test Systems

Hedge funds have recently added to or reduced their stakes in the stock. State of Wyoming bought a new position in shares of Aehr Test Systems during the second quarter valued at approximately $28,000. Quantbot Technologies LP purchased a new stake in Aehr Test Systems during the first quarter valued at approximately $31,000. GAMMA Investing LLC lifted its position in Aehr Test Systems by 1,753.1% during the first quarter. GAMMA Investing LLC now owns 7,079 shares of the semiconductor company’s stock valued at $52,000 after acquiring an additional 6,697 shares during the last quarter. CWM LLC lifted its position in Aehr Test Systems by 15.1% during the second quarter. CWM LLC now owns 6,062 shares of the semiconductor company’s stock valued at $78,000 after acquiring an additional 793 shares during the last quarter. Finally, American Century Companies Inc. purchased a new stake in Aehr Test Systems during the first quarter valued at approximately $86,000. 69.69% of the stock is currently owned by institutional investors.

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.