Rhea Posedel Sells 13,998 Shares of Aehr Test Systems (NASDAQ:AEHR) Stock

Aehr Test Systems (NASDAQ:AEHR) Director Rhea Posedel sold 13,998 shares of Aehr Test Systems stock in a transaction on Friday, February 13th. The shares were sold at an average price of $30.02, for a total value of $420,219.96. Following the transaction, the director owned 456,979 shares in the company, valued at $13,718,509.58. This represents a 2.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Aehr Test Systems Price Performance

NASDAQ:AEHR opened at $28.84 on Friday. Aehr Test Systems has a fifty-two week low of $6.27 and a fifty-two week high of $37.49. The stock’s 50-day moving average is $25.15 and its two-hundred day moving average is $24.64. The stock has a market cap of $883.37 million, a PE ratio of -96.13 and a beta of 2.31.

Aehr Test Systems (NASDAQ:AEHR) last issued its earnings results on Thursday, January 8th. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.04. Aehr Test Systems had a negative net margin of 16.63% and a negative return on equity of 4.57%. The company had revenue of $9.88 million during the quarter, compared to analyst estimates of $11.45 million. On average, equities research analysts anticipate that Aehr Test Systems will post 0.1 earnings per share for the current year.

Hedge Funds Weigh In On Aehr Test Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AEHR. Caitong International Asset Management Co. Ltd bought a new stake in shares of Aehr Test Systems during the 4th quarter worth $25,000. Sunbelt Securities Inc. bought a new stake in Aehr Test Systems during the third quarter valued at about $27,000. State of Wyoming acquired a new stake in shares of Aehr Test Systems in the second quarter valued at about $28,000. Jones Financial Companies Lllp grew its position 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 valued at $31,000 after purchasing an additional 1,000 shares during the last quarter. Finally, RiverPark Advisors LLC bought a new position in shares of Aehr Test Systems in the third quarter worth about $42,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AEHR. Craig Hallum reiterated a “hold” rating on shares of Aehr Test Systems in a report on Friday, January 9th. Zacks Research upgraded shares of Aehr Test Systems from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Weiss Ratings reissued a “sell (d)” rating on shares of Aehr Test Systems in a research report on Wednesday, January 21st. Finally, Lake Street Capital started coverage on shares of Aehr Test Systems in a report on Wednesday, December 17th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $21.00.

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.