Aehr Test Systems (NASDAQ:AEHR) Updates Q3 2024 Earnings Guidance

Aehr Test Systems (NASDAQ:AEHR) updated its third quarter 2024 earnings guidance on Monday. The company provided EPS guidance of -0.040–0.030 for the period, compared to the consensus EPS estimate of 0.130. The company issued revenue guidance of $7.6 million-$7.6 million, compared to the consensus revenue estimate of $14.3 million. Aehr Test Systems also updated its FY 2024 guidance to 0.480- EPS.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AEHR shares. StockNews.com upgraded Aehr Test Systems from a sell rating to a hold rating in a research note on Friday, January 19th. William Blair reaffirmed a market perform rating on shares of Aehr Test Systems in a report on Monday.

Aehr Test Systems Trading Down 22.7 %

NASDAQ:AEHR traded down $3.33 during trading hours on Monday, reaching $11.33. 7,849,961 shares of the company traded hands, compared to its average volume of 1,732,461. The business’s 50-day moving average price is $16.25 and its two-hundred day moving average price is $26.15. The stock has a market capitalization of $326.87 million, a P/E ratio of 15.55 and a beta of 2.01. Aehr Test Systems has a 1 year low of $10.53 and a 1 year high of $54.10.

Aehr Test Systems (NASDAQ:AEHR) last posted its quarterly earnings results on Tuesday, January 9th. The semiconductor company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.04. Aehr Test Systems had a return on equity of 26.97% and a net margin of 25.76%. The firm had revenue of $21.43 million during the quarter, compared to analysts’ expectations of $20.10 million. As a group, equities analysts anticipate that Aehr Test Systems will post 0.72 EPS for the current year.

Insider Buying and Selling at Aehr Test Systems

In related news, CEO Gayn Erickson sold 4,871 shares of the stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $17.39, for a total transaction of $84,706.69. Following the completion of the sale, the chief executive officer now owns 427,935 shares in the company, valued at $7,441,789.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Gayn Erickson sold 4,871 shares of the stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $17.39, for a total transaction of $84,706.69. Following the completion of the transaction, the chief executive officer now directly owns 427,935 shares of the company’s stock, valued at $7,441,789.65. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Avijit K. Ray-Chaudhuri purchased 3,000 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The shares were purchased at an average cost of $17.87 per share, with a total value of $53,610.00. Following the completion of the purchase, the vice president now owns 9,719 shares of the company’s stock, valued at approximately $173,678.53. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 8,738 shares of company stock valued at $151,723. Company insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Aehr Test Systems

Institutional investors have recently modified their holdings of the stock. Legal & General Group Plc bought a new stake in shares of Aehr Test Systems during the 4th quarter worth approximately $140,000. Citigroup Inc. increased its holdings in Aehr Test Systems by 62.5% during the 1st quarter. Citigroup Inc. now owns 3,994 shares of the semiconductor company’s stock worth $124,000 after purchasing an additional 1,536 shares during the period. Ergoteles LLC purchased a new position in Aehr Test Systems during the 1st quarter worth $117,000. US Bancorp DE increased its holdings in Aehr Test Systems by 644.2% during the 4th quarter. US Bancorp DE now owns 4,071 shares of the semiconductor company’s stock worth $108,000 after purchasing an additional 3,524 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in Aehr Test Systems by 1,568.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 6,724 shares of the semiconductor company’s stock worth $95,000 after purchasing an additional 6,321 shares during the period. 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.