Aehr Test Systems (NASDAQ:AEHR) Issues Quarterly Earnings Results

Aehr Test Systems (NASDAQ:AEHR) posted its earnings results on Thursday. The semiconductor company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.03), Zacks reports. Aehr Test Systems had a negative net margin of 11.71% and a negative return on equity of 2.41%.

Aehr Test Systems Stock Down 6.1%

NASDAQ AEHR traded down $1.48 during trading on Thursday, hitting $22.70. The stock had a trading volume of 1,368,320 shares, compared to its average volume of 763,595. The company has a market capitalization of $681.23 million, a PE ratio of -103.18 and a beta of 2.33. The firm has a 50 day moving average price of $22.79 and a 200 day moving average price of $22.43. Aehr Test Systems has a twelve month low of $6.27 and a twelve month high of $34.35.

Insider Activity at Aehr Test Systems

In related news, Director Howard T. Slayen sold 6,000 shares of Aehr Test Systems stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $25.73, for a total value of $154,380.00. Following the completion of the transaction, the director owned 218,328 shares in the company, valued at approximately $5,617,579.44. The trade was a 2.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Aehr Test Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. lifted its holdings in Aehr Test Systems by 1,137.2% during the 3rd quarter. Invesco Ltd. now owns 366,570 shares of the semiconductor company’s stock worth $11,037,000 after buying an additional 336,940 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Aehr Test Systems by 33.4% during the 3rd quarter. Wellington Management Group LLP now owns 361,264 shares of the semiconductor company’s stock worth $10,878,000 after acquiring an additional 90,413 shares in the last quarter. UBS Group AG raised its position in shares of Aehr Test Systems by 10.5% during the 3rd quarter. UBS Group AG now owns 156,115 shares of the semiconductor company’s stock worth $4,701,000 after acquiring an additional 14,872 shares in the last quarter. Two Sigma Investments LP purchased a new stake in Aehr Test Systems during the third quarter worth approximately $3,171,000. Finally, Virtu Financial LLC acquired a new position in Aehr Test Systems in the third quarter valued at approximately $2,170,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Weiss Ratings reissued a “sell (d)” rating on shares of Aehr Test Systems in a research report on Wednesday, October 8th. Craig Hallum lowered shares of Aehr Test Systems from a “buy” rating to a “hold” rating and set a $24.00 target price for the company. in a research note on Tuesday, October 7th. Lake Street Capital began coverage on shares of Aehr Test Systems in a research report on Wednesday, December 17th. They set a “buy” rating for the company. Finally, Zacks Research upgraded shares of Aehr Test Systems from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $24.00.

Aehr Test Systems Company Profile

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.