Fariba Danesh Sells 10,000 Shares of Aehr Test Systems (NASDAQ:AEHR) Stock

Aehr Test Systems (NASDAQ:AEHR) Director Fariba Danesh sold 10,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 16,390 shares of the company’s stock, valued at $304,690.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Aehr Test Systems Stock Performance

Shares of NASDAQ AEHR traded up $0.12 during trading hours on Tuesday, reaching $18.66. 1,306,907 shares of the stock were exchanged, compared to its average volume of 1,478,788. The stock’s fifty day simple moving average is $13.42 and its 200 day simple moving average is $13.90. Aehr Test Systems has a 52 week low of $9.83 and a 52 week high of $54.10. The firm has a market capitalization of $539.65 million, a price-to-earnings ratio of 35.65 and a beta of 2.08.

Aehr Test Systems (NASDAQ:AEHR) last released its earnings results on Friday, July 19th. The semiconductor company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.70. The company 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 last year, the company posted $0.21 earnings per share. Research analysts predict that Aehr Test Systems will post 0.25 EPS for the current fiscal year.

Hedge Funds Weigh In On Aehr Test Systems

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Aehr Test Systems by 39.0% in the first quarter. Vanguard Group Inc. now owns 2,097,712 shares of the semiconductor company’s stock valued at $26,012,000 after acquiring an additional 588,953 shares during the last quarter. Baillie Gifford & Co. lifted its stake in Aehr Test Systems by 101.6% during the second quarter. Baillie Gifford & Co. now owns 1,670,590 shares of the semiconductor company’s stock worth $18,660,000 after purchasing an additional 841,964 shares during the last quarter. Congress Asset Management Co. MA bought a new stake in Aehr Test Systems during the fourth quarter worth $23,229,000. Weiss Asset Management LP bought a new stake in Aehr Test Systems during the fourth quarter worth $14,458,000. Finally, Halter Ferguson Financial Inc. bought a new stake in Aehr Test Systems during the fourth quarter worth $8,532,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.