Aehr Test Systems (NASDAQ:AEHR) posted its quarterly earnings results on Wednesday. The semiconductor company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.01, MarketWatch Earnings reports. Aehr Test Systems had a negative net margin of 7.11% and a negative return on equity of 26.71%.
AEHR stock traded down $2.57 during mid-day trading on Friday, reaching $17.91. The company had a trading volume of 23,245 shares, compared to its average volume of 1,737,744. Aehr Test Systems has a 52 week low of $1.94 and a 52 week high of $27.09. The stock has a 50 day simple moving average of $19.95 and a two-hundred day simple moving average of $12.96. The company has a market capitalization of $475.64 million, a price-to-earnings ratio of -303.28 and a beta of 1.48.
In other news, CEO Gayn Erickson sold 100,000 shares of the stock in a transaction that occurred on Thursday, November 4th. The stock was sold at an average price of $25.75, for a total value of $2,575,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rhea J. Posedel sold 24,000 shares of the company’s stock in a transaction that occurred on Monday, October 11th. The shares were sold at an average price of $19.93, for a total value of $478,320.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 402,822 shares of company stock valued at $9,381,064. 16.70% of the stock is currently owned by insiders.
Separately, Craig Hallum boosted their price objective on Aehr Test Systems from $12.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, October 8th.
Aehr Test Systems Company Profile
Aehr Test Systems engages in the design, manufacture and marketing of test and burn-in products to the semiconductor manufacturing industry. Its products include wafer contact test systems, test during burn-in systems, test fixtures and die carriers. The company was founded by Rhea J. Posedel on May 25, 1977 and is headquartered in Fremont, CA.
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