Rhea Posedel Sells 8,787 Shares of Aehr Test Systems (NASDAQ:AEHR) Stock

Aehr Test Systems (NASDAQ:AEHRGet Free Report) Director Rhea Posedel sold 8,787 shares of the firm’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $96.02, for a total value of $843,727.74. Following the sale, the director directly owned 62,376 shares in the company, valued at approximately $5,989,343.52. This represents a 12.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Aehr Test Systems Stock Up 3.9%

NASDAQ:AEHR opened at $97.36 on Thursday. The business’s 50-day simple moving average is $46.67 and its two-hundred day simple moving average is $32.33. The stock has a market cap of $3.06 billion, a PE ratio of -256.21 and a beta of 2.28. Aehr Test Systems has a 52 week low of $8.02 and a 52 week high of $101.99.

Aehr Test Systems (NASDAQ:AEHRGet Free Report) last posted its quarterly earnings results on Tuesday, April 7th. The semiconductor company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The business had revenue of $10.31 million for the quarter, compared to analysts’ expectations of $10.85 million. Aehr Test Systems had a negative return on equity of 7.15% and a negative net margin of 25.23%. Sell-side analysts anticipate that Aehr Test Systems will post -0.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Aehr Test Systems

Large investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Aehr Test Systems in the fourth quarter worth about $25,000. Sunbelt Securities Inc. bought a new stake in shares of Aehr Test Systems in the third quarter worth about $27,000. State of Wyoming bought a new stake in shares of Aehr Test Systems in the second quarter worth about $28,000. Jones Financial Companies Lllp increased its holdings 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 purchasing an additional 1,000 shares during the last quarter. Finally, RiverPark Advisors LLC bought a new stake in shares of Aehr Test Systems in the third quarter worth about $42,000. 69.69% of the stock is owned by institutional investors.

Aehr Test Systems News Summary

Here are the key news stories impacting Aehr Test Systems this week:

Analyst Upgrades and Downgrades

AEHR has been the topic of a number of recent analyst reports. Wall Street Zen raised Aehr Test Systems from a “strong sell” rating to a “sell” rating in a report on Saturday, April 11th. William Blair raised Aehr Test Systems from a “market perform” rating to an “outperform” rating in a report on Monday, March 2nd. Craig Hallum raised Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a report on Wednesday, April 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Aehr Test Systems in a report on Monday. Finally, Lake Street Capital reaffirmed a “buy” rating on shares of Aehr Test Systems in a report on Wednesday, April 8th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Aehr Test Systems has an average rating of “Hold” and an average target price of $68.00.

View Our Latest Analysis on AEHR

About Aehr Test Systems

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Aehr Test Systems (NASDAQ:AEHR)

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