Laurel Oak Wealth Management LLC purchased a new stake in shares of Aehr Test Systems (NASDAQ:AEHR – Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 38,670 shares of the semiconductor company’s stock, valued at approximately $1,434,000.
Other institutional investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Aehr Test Systems in the fourth quarter worth $25,000. Sunbelt Securities Inc. acquired a new position in Aehr Test Systems in the 3rd quarter valued at $27,000. State of Wyoming acquired a new position in Aehr Test Systems in the 2nd quarter valued at $28,000. RiverPark Advisors LLC bought a new position in Aehr Test Systems in the 3rd quarter worth $42,000. Finally, Russell Investments Group Ltd. raised its holdings in Aehr Test Systems by 3,500.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,448 shares of the semiconductor company’s stock worth $74,000 after acquiring an additional 2,380 shares during the period. Institutional investors own 69.69% of the company’s stock.
Insider Activity at Aehr Test Systems
In related news, EVP Alberto Salamone sold 15,000 shares of the company’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $89.57, for a total value of $1,343,550.00. Following the completion of the transaction, the executive vice president directly owned 63,025 shares in the company, valued at approximately $5,645,149.25. This represents a 19.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Howard T. Slayen sold 6,819 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $104.73, for a total value of $714,153.87. Following the completion of the transaction, the director directly owned 169,709 shares of the company’s stock, valued at approximately $17,773,623.57. This trade represents a 3.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 375,005 shares of company stock worth $28,656,178 in the last three months. Company insiders own 6.80% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Stock Report on Aehr Test Systems
Aehr Test Systems Stock Down 7.1%
AEHR stock opened at $91.81 on Friday. Aehr Test Systems has a twelve month low of $11.99 and a twelve month high of $126.62. The company has a market cap of $2.89 billion, a PE ratio of -241.61 and a beta of 3.17. The business’s 50-day simple moving average is $97.96 and its 200 day simple moving average is $55.84.
Aehr Test Systems (NASDAQ:AEHR – Get Free Report) last issued its quarterly earnings results on Tuesday, April 7th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.02. The firm had revenue of $10.31 million for the quarter, compared to analyst estimates of $10.85 million. Aehr Test Systems had a negative return on equity of 7.15% and a negative net margin of 25.23%. On average, equities research analysts anticipate that Aehr Test Systems will post -0.31 EPS for the current year.
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.
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