Laura Oliphant Sells 4,546 Shares of Aehr Test Systems (NASDAQ:AEHR) Stock

Aehr Test Systems (NASDAQ:AEHR) Director Laura Oliphant sold 4,546 shares of the company’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $31.40, for a total transaction of $142,744.40. Following the sale, the director owned 18,432 shares of the company’s stock, valued at $578,764.80. This represents a 19.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Aehr Test Systems Stock Up 3.6%

AEHR stock opened at $27.75 on Wednesday. The business has a 50 day moving average of $23.92 and a 200 day moving average of $23.84. The firm has a market cap of $849.98 million, a PE ratio of -92.50 and a beta of 2.33. Aehr Test Systems has a twelve month low of $6.27 and a twelve month high of $34.35.

Aehr Test Systems (NASDAQ:AEHR) last posted its earnings results on Thursday, January 8th. The semiconductor company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.04. Aehr Test Systems had a negative net margin of 16.63% and a negative return on equity of 4.57%. The business had revenue of $9.88 million during the quarter, compared to the consensus estimate of $11.45 million. On average, research analysts expect that Aehr Test Systems will post 0.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. ARS Investment Partners LLC purchased a new position in shares of Aehr Test Systems during the 2nd quarter worth approximately $300,000. Penbrook Management LLC boosted its stake in Aehr Test Systems by 205.1% in the 2nd quarter. Penbrook Management LLC now owns 126,250 shares of the semiconductor company’s stock worth $1,632,000 after buying an additional 84,875 shares during the last quarter. Bosun Asset Management LLC purchased a new stake in Aehr Test Systems in the second quarter valued at approximately $272,000. Pier Capital LLC grew its stake in shares of Aehr Test Systems by 16.0% during the 2nd quarter. Pier Capital LLC now owns 405,932 shares of the semiconductor company’s stock valued at $5,249,000 after buying an additional 55,861 shares during the period. Finally, AlphaQuest LLC grew its position in Aehr Test Systems by 697.6% during the second quarter. AlphaQuest LLC now owns 20,156 shares of the semiconductor company’s stock valued at $261,000 after acquiring an additional 17,629 shares during the period. Institutional investors and hedge funds own 69.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AEHR shares. Zacks Research raised shares of Aehr Test Systems from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Lake Street Capital assumed coverage on shares of Aehr Test Systems in a research note on Wednesday, December 17th. They issued a “buy” rating for the company. Weiss Ratings restated a “sell (d)” rating on shares of Aehr Test Systems in a research note on Wednesday, January 21st. Finally, Craig Hallum reiterated a “hold” rating on shares of Aehr Test Systems in a report on Friday, January 9th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Aehr Test Systems has a consensus rating of “Hold” and an average target price of $21.00.

About Aehr Test Systems

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.