Aehr Test Systems (NASDAQ:AEHR – Get Rating) CFO Kenneth B. Spink sold 6,819 shares of the company's stock in a transaction on Monday, August 8th. The shares were sold at an average price of $15.67, for a total value of $106,853.73. Following the completion of the transaction, the chief financial officer now owns 172,380 shares of the company's stock, valued at $2,701,194.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Aehr Test Systems Trading Up 8.4 %
AEHR stock traded up $1.39 during midday trading on Wednesday, hitting $18.00. The company's stock had a trading volume of 39,377 shares, compared to its average volume of 780,112. The company has a market cap of $484.61 million, a PE ratio of 48.85 and a beta of 1.67. Aehr Test Systems has a 12 month low of $5.08 and a 12 month high of $27.09. The firm's 50-day moving average is $9.44 and its 200-day moving average is $9.97.
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Aehr Test Systems (NASDAQ:AEHR – Get Rating) last issued its earnings results on Tuesday, July 19th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter. The firm had revenue of $20.29 million during the quarter. Aehr Test Systems had a net margin of 18.59% and a return on equity of 26.53%.
Analyst Upgrades and Downgrades
Separately, StockNews.com cut Aehr Test Systems from a "hold" rating to a "sell" rating in a report on Saturday.
Institutional Investors Weigh In On Aehr Test Systems
Several hedge funds have recently modified their holdings of the stock. McCarthy Asset Management Inc. increased its holdings 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 valued at $41,000 after purchasing an additional 2,006 shares during the period. San Luis Wealth Advisors LLC acquired a new position in shares of Aehr Test Systems during the 1st quarter worth approximately $62,000. Ergoteles LLC bought a new stake in shares of Aehr Test Systems during the 1st quarter valued at $117,000. Clear Sky Advisers LLC acquired a new position in Aehr Test Systems in the 1st quarter worth about $183,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of Aehr Test Systems during the 1st quarter valued at about $185,000. 41.14% of the stock is owned by institutional investors and hedge funds.
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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