Aehr Test Systems (NASDAQ:AEHR) Posts Quarterly Earnings Results, Beats Expectations By $0.17 EPS

Aehr Test Systems (NASDAQ:AEHR) issued its quarterly earnings results on Monday. The semiconductor company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.11 by $0.17, FiscalAI reports. The firm had revenue of $33.01 million during the quarter, compared to analysts’ expectations of $27.53 million. Aehr Test Systems had a negative return on equity of 3.83% and a negative net margin of 14.25%.

Aehr Test Systems Stock Down 6.2%

AEHR traded down $3.42 on Monday, reaching $51.47. The company’s stock had a trading volume of 4,009,559 shares, compared to its average volume of 2,481,317. Aehr Test Systems has a fifty-two week low of $18.70 and a fifty-two week high of $147.40. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of -214.45 and a beta of 3.36. The stock has a 50 day moving average of $83.67 and a two-hundred day moving average of $73.77.

Insider Buying and Selling

In other Aehr Test Systems news, COO Adil Engineer sold 15,000 shares of the business’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $131.02, for a total transaction of $1,965,300.00. Following the sale, the chief operating officer directly owned 46,977 shares in the company, valued at approximately $6,154,926.54. The trade was a 24.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Rhea J. Posedel sold 8,413 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $130.00, for a total value of $1,093,690.00. Following the transaction, the director directly owned 387,962 shares of the company’s stock, valued at $50,435,060. The trade was a 2.12% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 109,475 shares of company stock worth $13,827,160. 4.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Aehr Test Systems from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Oppenheimer initiated coverage on shares of Aehr Test Systems in a research report on Thursday, September 10th. They set an “outperform” rating and a $120.00 price target on the stock. Jefferies Financial Group started coverage on shares of Aehr Test Systems in a report on Thursday, August 13th. They issued a “buy” rating and a $175.00 target price on the stock. Zacks Research cut shares of Aehr Test Systems from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Finally, Craig Hallum reaffirmed a “buy” rating and set a $125.00 price target on shares of Aehr Test Systems in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $132.50.

About Aehr Test Systems

Aehr Test Systems (NASDAQ: AEHR) develops and manufactures test and burn-in equipment used to qualify and screen semiconductor devices. Its systems are designed to identify manufacturing defects and reliability issues before chips are shipped to customers, helping semiconductor manufacturers improve production yields and product quality.

The company’s product portfolio includes the FOX family of semiconductor test systems, including the FOX-XP, FOX-NP and FOX-1P platforms. Aehr also provides wafer contactors, DiePak carriers and related test fixtures and software.