Aehr Test Systems Sees Unusually Large Options Volume (NASDAQ:AEHR)

Aehr Test Systems (NASDAQ:AEHR) was the recipient of unusually large options trading activity on Wednesday. Traders acquired 6,725 call options on the company. This represents an increase of 88% compared to the average volume of 3,584 call options.

Aehr Test Systems Stock Up 26.2%

AEHR opened at $33.85 on Thursday. The firm has a market cap of $1.04 billion, a P/E ratio of -112.83 and a beta of 2.31. The business’s fifty day simple moving average is $25.02 and its 200 day simple moving average is $24.52. Aehr Test Systems has a 52 week low of $6.27 and a 52 week high of $37.49.

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

Insider Transactions at Aehr Test Systems

In related news, Director Laura Oliphant sold 4,546 shares of the company’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $31.40, for a total transaction of $142,744.40. Following the completion of the sale, the director owned 18,432 shares of the company’s stock, valued at approximately $578,764.80. This represents a 19.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Aehr Test Systems

Several hedge funds have recently made changes to their positions in AEHR. State of Wyoming increased its stake in Aehr Test Systems by 26.7% in the third quarter. State of Wyoming now owns 2,777 shares of the semiconductor company’s stock valued at $84,000 after purchasing an additional 586 shares during the last quarter. CWM LLC lifted its holdings in shares of Aehr Test Systems by 15.1% during the 2nd quarter. CWM LLC now owns 6,062 shares of the semiconductor company’s stock worth $78,000 after acquiring an additional 793 shares during the period. Sunbelt Securities Inc. acquired a new stake in shares of Aehr Test Systems in the third quarter worth approximately $27,000. Jones Financial Companies Lllp boosted its position in shares of Aehr Test Systems by 3,448.3% in the third quarter. Jones Financial Companies Lllp now owns 1,029 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 1,000 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Aehr Test Systems by 7.9% during the second quarter. JPMorgan Chase & Co. now owns 15,576 shares of the semiconductor company’s stock worth $201,000 after purchasing an additional 1,145 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

Wall Street Analyst Weigh In

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

Aehr Test Systems Company Profile

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.