StockNews.com cut shares of Aehr Test Systems (NASDAQ:AEHR – Get Rating) from a hold rating to a sell rating in a research report released on Saturday morning.
Aehr Test Systems Stock Up 0.1 %
Aehr Test Systems stock opened at $14.94 on Friday. Aehr Test Systems has a twelve month low of $5.08 and a twelve month high of $27.09. The company has a market capitalization of $402.23 million, a P/E ratio of 43.94 and a beta of 1.67. The firm has a 50 day moving average price of $9.27 and a 200-day moving average price of $9.93.
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Aehr Test Systems (NASDAQ:AEHR – Get Rating) last announced its quarterly earnings results on Tuesday, July 19th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter. Aehr Test Systems had a net margin of 18.59% and a return on equity of 26.53%. The business had revenue of $20.29 million for the quarter.
Insider Buying and Selling at Aehr Test Systems
In related news, Director Howard T. Slayen sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $14.75, for a total value of $147,500.00. Following the completion of the transaction, the director now directly owns 200,762 shares of the company's stock, valued at approximately $2,961,239.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 16.70% of the company's stock.
Institutional Trading of Aehr Test Systems
Several institutional investors and hedge funds have recently bought and sold shares of the stock. San Luis Wealth Advisors LLC purchased a new position in Aehr Test Systems in the first quarter worth $62,000. McCarthy Asset Management Inc. grew its position in shares of Aehr Test Systems by 100.3% in the 1st quarter. McCarthy Asset Management Inc. now owns 4,006 shares of the semiconductor company's stock worth $41,000 after acquiring an additional 2,006 shares in the last quarter. Raymond James & Associates acquired a new position in Aehr Test Systems during the 4th quarter valued at approximately $208,000. Ergoteles LLC bought a new stake in Aehr Test Systems during the 1st quarter valued at $117,000. Finally, Gotham Asset Management LLC bought a new stake in shares of Aehr Test Systems in the 4th quarter worth $298,000. 41.14% of the stock is currently owned by hedge funds and other institutional investors.
Aehr Test Systems Company Profile
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Aehr Test Systems provides test systems for burning-in and testing logic, optical, and memory integrated circuits worldwide. It offers products, such as the ABTS and FOX-P families of test and burn-in systems and FOX WaferPak Aligner, FOX-XP WaferPak Contactor, FOX DiePak Carrier, and FOX DiePak Loader.
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