Aehr Test Systems (NASDAQ:AEHR) insider Gayn Erickson sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $3.40, for a total transaction of $68,000.00. Following the completion of the transaction, the insider now owns 341,063 shares in the company, valued at approximately $1,159,614.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Aehr Test Systems (NASDAQ:AEHR) opened at $3.12 on Friday. Aehr Test Systems has a 1-year low of $2.15 and a 1-year high of $6.10. The company has a quick ratio of 2.64, a current ratio of 3.76 and a debt-to-equity ratio of 0.35.
Aehr Test Systems (NASDAQ:AEHR) last posted its quarterly earnings data on Thursday, September 28th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $6.97 million for the quarter, compared to analyst estimates of $6.75 million. Aehr Test Systems had a negative net margin of 23.79% and a negative return on equity of 47.96%. analysts expect that Aehr Test Systems will post 0.01 EPS for the current year.
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Separately, ValuEngine lowered shares of Aehr Test Systems from a “hold” rating to a “sell” rating in a report on Friday, October 27th.
Several institutional investors and hedge funds have recently bought and sold shares of AEHR. Granite Point Capital Management L.P. purchased a new stake in shares of Aehr Test Systems during the second quarter valued at approximately $182,000. EAM Investors LLC raised its stake in shares of Aehr Test Systems by 115.4% during the second quarter. EAM Investors LLC now owns 263,019 shares of the semiconductor company’s stock valued at $986,000 after purchasing an additional 140,910 shares during the period. Royce & Associates LP purchased a new stake in shares of Aehr Test Systems during the second quarter valued at approximately $1,069,000. Victory Capital Management Inc. purchased a new stake in shares of Aehr Test Systems during the third quarter valued at approximately $1,817,000. Finally, Vanguard Group Inc. raised its stake in shares of Aehr Test Systems by 45.3% during the second quarter. Vanguard Group Inc. now owns 493,399 shares of the semiconductor company’s stock valued at $1,851,000 after purchasing an additional 153,816 shares during the period. Institutional investors own 28.37% of the company’s stock.
About Aehr Test Systems
Aehr Test Systems is engaged in the designing, manufacturing and marketing of advanced test and burn-in products to the semiconductor manufacturing industry. The Company manufactures and markets full wafer contact test systems, test during burn-in systems, test fixtures, die carriers and related accessories.
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