Fariba Danesh Sells 9,000 Shares of Aehr Test Systems (NASDAQ:AEHR) Stock

Aehr Test Systems (NASDAQ:AEHR) Director Fariba Danesh sold 9,000 shares of the stock in a transaction on Thursday, October 9th. The shares were sold at an average price of $24.79, for a total transaction of $223,110.00. Following the completion of the transaction, the director directly owned 16,643 shares in the company, valued at $412,579.97. This trade represents a 35.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Aehr Test Systems Price Performance

Shares of NASDAQ:AEHR opened at $23.49 on Friday. The stock has a market cap of $704.93 million, a P/E ratio of -106.77 and a beta of 2.47. The firm has a fifty day moving average price of $25.13 and a 200 day moving average price of $16.06. Aehr Test Systems has a 1-year low of $6.27 and a 1-year high of $34.35.

Aehr Test Systems (NASDAQ:AEHR) last issued its quarterly earnings results on Monday, October 6th. The semiconductor company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. The firm had revenue of $11.00 million during the quarter, compared to analysts’ expectations of $13.69 million. Aehr Test Systems had a negative net margin of 11.71% and a negative return on equity of 2.41%. During the same quarter in the prior year, the business earned $0.07 EPS. Sell-side analysts expect that Aehr Test Systems will post 0.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Craig Hallum cut shares of Aehr Test Systems from a “buy” rating to a “hold” rating and set a $24.00 price target for the company. in a research note on Tuesday. Zacks Research cut shares of Aehr Test Systems from a “hold” rating to a “strong sell” rating in a research note on Thursday. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Aehr Test Systems in a research note on Wednesday. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Aehr Test Systems currently has a consensus rating of “Sell” and a consensus target price of $24.00.

Hedge Funds Weigh In On Aehr Test Systems

A number of large investors have recently made changes to their positions in AEHR. GAMMA Investing LLC increased its holdings in shares of Aehr Test Systems by 1,753.1% in the 1st quarter. GAMMA Investing LLC now owns 7,079 shares of the semiconductor company’s stock valued at $52,000 after purchasing an additional 6,697 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Aehr Test Systems by 5.7% in the 1st quarter. Rhumbline Advisers now owns 40,212 shares of the semiconductor company’s stock valued at $293,000 after purchasing an additional 2,165 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Aehr Test Systems in the 1st quarter valued at about $267,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Aehr Test Systems by 4.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 225,923 shares of the semiconductor company’s stock valued at $1,647,000 after purchasing an additional 10,327 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Aehr Test Systems by 88.8% in the 1st quarter. Invesco Ltd. now owns 30,226 shares of the semiconductor company’s stock valued at $220,000 after purchasing an additional 14,219 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

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.