Aehr Test Systems (NASDAQ:AEHR) Director Sells $185,900.00 in Stock

Aehr Test Systems (NASDAQ:AEHR) Director Fariba Danesh sold 10,000 shares of the stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $18.59, for a total value of $185,900.00. Following the transaction, the director now directly owns 16,390 shares in the company, valued at $304,690.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Aehr Test Systems Stock Performance

Shares of Aehr Test Systems stock opened at $16.55 on Friday. The stock’s fifty day moving average is $13.80 and its 200 day moving average is $13.96. The stock has a market cap of $478.54 million, a P/E ratio of 31.83 and a beta of 2.07. Aehr Test Systems has a one year low of $9.83 and a one year high of $53.06.

Aehr Test Systems (NASDAQ:AEHR) last posted its quarterly earnings results on Friday, July 19th. The semiconductor company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.70. The business had revenue of $16.60 million for the quarter. Aehr Test Systems had a return on equity of 39.32% and a net margin of 50.07%. During the same period in the prior year, the business earned $0.21 earnings per share. Analysts predict that Aehr Test Systems will post 0.25 EPS for the current year.

Wall Street Analysts Forecast Growth

AEHR has been the topic of a number of recent research reports. StockNews.com cut Aehr Test Systems from a “hold” rating to a “sell” rating in a report on Friday, July 26th. Craig Hallum raised Aehr Test Systems from a “hold” rating to a “buy” rating and raised their target price for the stock from $12.00 to $25.00 in a report on Wednesday, July 17th.

Institutional Investors Weigh In On Aehr Test Systems

Institutional investors and hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its holdings in Aehr Test Systems by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 209,670 shares of the semiconductor company’s stock valued at $5,563,000 after acquiring an additional 9,117 shares during the period. Congress Asset Management Co. MA purchased a new position in shares of Aehr Test Systems during the fourth quarter valued at about $23,229,000. General American Investors Co. Inc. purchased a new position in shares of Aehr Test Systems during the fourth quarter valued at about $2,640,000. Weiss Asset Management LP purchased a new position in shares of Aehr Test Systems during the fourth quarter valued at about $14,458,000. Finally, Baillie Gifford & Co. grew its position in shares of Aehr Test Systems by 25.1% during the first quarter. Baillie Gifford & Co. now owns 828,626 shares of the semiconductor company’s stock valued at $10,275,000 after purchasing an additional 166,319 shares in the last quarter. 69.69% of the stock is owned by institutional investors.

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.