Aehr Test Systems (NASDAQ:AEHR) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Aehr Test Systems (NASDAQ:AEHR) issued its quarterly earnings data on Tuesday. The semiconductor company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.06, Zacks reports. Aehr Test Systems had a negative net margin of 25.23% and a negative return on equity of 7.15%.

Aehr Test Systems Price Performance

Shares of NASDAQ:AEHR traded up $3.99 on Tuesday, reaching $72.01. The company’s stock had a trading volume of 3,519,845 shares, compared to its average volume of 2,255,694. Aehr Test Systems has a 52-week low of $14.01 and a 52-week high of $126.62. The stock has a market capitalization of $2.26 billion, a P/E ratio of -189.50 and a beta of 3.17. The stock’s 50-day moving average is $95.13 and its two-hundred day moving average is $60.18.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Weiss Ratings upgraded shares of Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Wall Street Zen upgraded shares of Aehr Test Systems from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 6th. Lake Street Capital reaffirmed a “buy” rating on shares of Aehr Test Systems in a report on Wednesday, April 8th. Finally, Craig Hallum upgraded Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Wednesday, April 8th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $68.00.

Insiders Place Their Bets

In other Aehr Test Systems news, Director Laura Oliphant sold 4,665 shares of the company’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $85.59, for a total transaction of $399,277.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Fariba Danesh sold 8,000 shares of Aehr Test Systems stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $82.63, for a total value of $661,040.00. Following the completion of the sale, the director directly owned 13,143 shares in the company, valued at $1,086,006.09. This represents a 37.84% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 123,606 shares of company stock valued at $10,969,625. 6.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AEHR. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Aehr Test Systems during the 4th quarter worth approximately $25,000. Sunbelt Securities Inc. acquired a new position in Aehr Test Systems during the third quarter worth $27,000. State of Wyoming purchased a new stake in Aehr Test Systems during the second quarter worth $28,000. Russell Investments Group Ltd. boosted its position in Aehr Test Systems by 3,500.0% during the third quarter. Russell Investments Group Ltd. now owns 2,448 shares of the semiconductor company’s stock worth $74,000 after purchasing an additional 2,380 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in Aehr Test Systems by 110.8% in the second quarter. Legal & General Group Plc now owns 6,882 shares of the semiconductor company’s stock valued at $89,000 after purchasing an additional 3,617 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

About Aehr Test Systems

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.