Aehr Test Systems (NASDAQ:AEHR) Director Mario M. Rosati Sells 41,918 Shares

Aehr Test Systems (NASDAQ:AEHR) Director Mario M. Rosati sold 41,918 shares of the firm’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $1.67, for a total transaction of $70,003.06. Following the transaction, the director now directly owns 35,619 shares of the company’s stock, valued at $59,483.73. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of AEHR traded down $0.05 during mid-day trading on Tuesday, hitting $1.74. 103,547 shares of the company’s stock were exchanged, compared to its average volume of 85,356. Aehr Test Systems has a 52 week low of $1.03 and a 52 week high of $2.22. The company has a 50-day simple moving average of $1.45 and a 200 day simple moving average of $1.54.

Aehr Test Systems (NASDAQ:AEHR) last issued its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $0.01 earnings per share for the quarter. The company had revenue of $7.24 million during the quarter. Aehr Test Systems had a negative net margin of 18.92% and a negative return on equity of 16.20%.

A hedge fund recently raised its stake in Aehr Test Systems stock. BlackRock Inc. lifted its position in Aehr Test Systems (NASDAQ:AEHR) by 14.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,935 shares of the semiconductor company’s stock after buying an additional 8,580 shares during the quarter. BlackRock Inc. owned about 0.30% of Aehr Test Systems worth $112,000 as of its most recent SEC filing. Institutional investors own 26.87% of the company’s stock.

About Aehr Test Systems

Aehr Test Systems primarily designs, engineers, manufactures, and sells test and burn-in equipment for use in the semiconductor industry worldwide. It provides full wafer contact test systems, test during burn-in systems, test fixtures, and related accessories. The company offers Advanced Burn-in and Test System family of packaged part burn-in and test systems, which perform test during burn-in of complex devices, such as digital signal processors, microprocessors, microcontrollers, and systems-on-a-chip, as well as individual temperature control for high-power advanced logic devices.

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