Aehr Test Systems (NASDAQ:AEHR) Trading Down 3.6% – Time to Sell?

Aehr Test Systems (NASDAQ:AEHR)’s stock price fell 3.6% on Friday . The company traded as low as $30.84 and last traded at $31.10. 224,803 shares were traded during mid-day trading, a decline of 82% from the average session volume of 1,255,715 shares. The stock had previously closed at $32.25.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Aehr Test Systems in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Aehr Test Systems Price Performance

The firm has a market capitalization of $929.67 million, a PE ratio of -238.60 and a beta of 2.47. The company’s fifty day simple moving average is $24.31 and its 200 day simple moving average is $15.45.

Aehr Test Systems (NASDAQ:AEHR) last released its quarterly earnings data on Tuesday, July 8th. The semiconductor company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. Aehr Test Systems had a negative net margin of 6.63% and a negative return on equity of 0.15%. The business had revenue of $14.10 million for the quarter, compared to the consensus estimate of $14.83 million. On average, analysts anticipate that Aehr Test Systems will post 0.1 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Alistair N. Sporck sold 3,000 shares of the company’s stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $14.13, for a total transaction of $42,390.00. Following the sale, the vice president directly owned 30,808 shares in the company, valued at $435,317.04. This represents a 8.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Laura Oliphant sold 5,000 shares of the company’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $21.50, for a total value of $107,500.00. Following the sale, the director owned 7,665 shares in the company, valued at approximately $164,797.50. This represents a 39.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,000 shares of company stock worth $506,830 over the last ninety days. Company insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Aehr Test Systems

Hedge funds and other institutional investors have recently modified their holdings of the stock. AWM Investment Company Inc. increased its position in shares of Aehr Test Systems by 28.1% in the first quarter. AWM Investment Company Inc. now owns 1,587,936 shares of the semiconductor company’s stock worth $11,576,000 after purchasing an additional 348,737 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Aehr Test Systems by 1.3% in the second quarter. Geode Capital Management LLC now owns 678,546 shares of the semiconductor company’s stock worth $8,775,000 after purchasing an additional 8,658 shares during the last quarter. Kennedy Capital Management LLC bought a new position in shares of Aehr Test Systems in the second quarter worth approximately $5,751,000. Halter Ferguson Financial Inc. increased its position in shares of Aehr Test Systems by 3.7% in the second quarter. Halter Ferguson Financial Inc. now owns 439,714 shares of the semiconductor company’s stock worth $5,686,000 after purchasing an additional 15,541 shares during the last quarter. Finally, Pier Capital LLC increased its position in shares of Aehr Test Systems by 16.0% in the second quarter. Pier Capital LLC now owns 405,932 shares of the semiconductor company’s stock worth $5,249,000 after purchasing an additional 55,861 shares during the last quarter. 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.