Aehr Test Systems (NASDAQ:AEHR) announced its quarterly earnings results on Thursday. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, Morningstar.com reports. The firm had revenue of $7.24 million for the quarter. Aehr Test Systems had a negative net margin of 24.86% and a negative return on equity of 21.83%. Aehr Test Systems updated its FY 2020 guidance to EPS.
Shares of Aehr Test Systems stock opened at $1.59 on Friday. The firm has a fifty day simple moving average of $1.62. Aehr Test Systems has a 52-week low of $1.03 and a 52-week high of $2.82.
In other Aehr Test Systems news, insider Kunio Sano sold 20,000 shares of the business’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $1.56, for a total value of $31,200.00. Following the sale, the insider now owns 20,000 shares of the company’s stock, valued at approximately $31,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 24,999 shares of company stock worth $39,456 in the last three months. Insiders own 18.30% of the company’s stock.
A hedge fund recently raised its stake in Aehr Test Systems stock. B. Riley Financial Inc. boosted its stake in shares of Aehr Test Systems (NASDAQ:AEHR) by 192.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 673,096 shares of the semiconductor company’s stock after buying an additional 443,096 shares during the quarter. Aehr Test Systems accounts for approximately 0.4% of B. Riley Financial Inc.’s portfolio, making the stock its 16th largest holding. B. Riley Financial Inc. owned 2.98% of Aehr Test Systems worth $929,000 at the end of the most recent reporting period. 27.42% of the stock is currently owned by hedge funds and other institutional investors.
About Aehr Test Systems
Aehr Test Systems primarily designs, engineers, manufactures, and sells test and burn-in equipment for use in the semiconductor industry worldwide. It provides full wafer contact test systems, test during burn-in systems, test fixtures, and related accessories. The company offers Advanced Burn-in and Test System family of packaged part burn-in and test systems, which perform test during burn-in of complex devices, such as digital signal processors, microprocessors, microcontrollers, and systems-on-a-chip, as well as individual temperature control for high-power advanced logic devices.
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