Aehr Test Systems (NASDAQ:AEHR – Get Free Report) was the recipient of some unusual options trading on Friday. Investors acquired 10,937 call options on the company. This represents an increase of 399% compared to the average volume of 2,193 call options.
Analyst Ratings Changes
Several brokerages have recently commented on AEHR. StockNews.com began coverage on Aehr Test Systems in a report on Thursday. They set a “hold” rating on the stock. Craig Hallum upped their price target on Aehr Test Systems from $45.00 to $60.00 in a research note on Friday, July 14th. Finally, TheStreet raised Aehr Test Systems from a “c+” rating to a “b” rating in a research note on Tuesday, August 29th.
Check Out Our Latest Analysis on AEHR
Aehr Test Systems Stock Down 12.6 %
Aehr Test Systems (NASDAQ:AEHR – Get Free Report) last issued its quarterly earnings results on Thursday, July 13th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.04. Aehr Test Systems had a return on equity of 23.07% and a net margin of 22.41%. The business had revenue of $22.27 million for the quarter, compared to analyst estimates of $21.30 million. Analysts anticipate that Aehr Test Systems will post 0.94 EPS for the current year.
Insider Buying and Selling at Aehr Test Systems
In other Aehr Test Systems news, insider David S. Hendrickson sold 28,000 shares of the company’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $51.45, for a total value of $1,440,600.00. Following the sale, the insider now directly owns 84,783 shares in the company, valued at $4,362,085.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Vernon Rogers sold 40,013 shares of the stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $50.24, for a total transaction of $2,010,253.12. Following the sale, the vice president now owns 36,441 shares in the company, valued at $1,830,795.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David S. Hendrickson sold 28,000 shares of the stock in a transaction on Monday, July 17th. The stock was sold at an average price of $51.45, for a total value of $1,440,600.00. Following the sale, the insider now owns 84,783 shares in the company, valued at approximately $4,362,085.35. The disclosure for this sale can be found here. Insiders have sold 428,543 shares of company stock worth $21,567,026 over the last three months. Company insiders own 11.30% of the company’s stock.
Hedge Funds Weigh In On Aehr Test Systems
Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in Aehr Test Systems by 253.4% in the second quarter. BlackRock Inc. now owns 1,830,555 shares of the semiconductor company’s stock valued at $75,510,000 after buying an additional 1,312,565 shares during the period. Hood River Capital Management LLC lifted its stake in Aehr Test Systems by 13.8% in the first quarter. Hood River Capital Management LLC now owns 1,543,106 shares of the semiconductor company’s stock valued at $47,867,000 after buying an additional 187,337 shares during the period. Ameriprise Financial Inc. acquired a new position in Aehr Test Systems in the first quarter valued at about $42,623,000. Driehaus Capital Management LLC lifted its stake in Aehr Test Systems by 30.5% in the second quarter. Driehaus Capital Management LLC now owns 1,348,822 shares of the semiconductor company’s stock valued at $55,639,000 after buying an additional 314,973 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Aehr Test Systems by 5.6% in the first quarter. Vanguard Group Inc. now owns 1,207,181 shares of the semiconductor company’s stock valued at $12,265,000 after buying an additional 64,226 shares during the period. Institutional investors and hedge funds own 67.80% of the company’s stock.
About Aehr Test Systems
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.
Featured Articles
- Five stocks we like better than Aehr Test Systems
- 2 Fintech Stocks to Buy Now and 1 to Avoid
- Levi Strauss: A Bottom is in for Steady, Stable Dividend Payer
- What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story
- Starbucks Is About To Become A Value Play You Can’t Miss
- How to Invest in the Entertainment Industry
- Intel to Unlock Value By Spinning Off Programmable Chip Unit
Receive News & Ratings for Aehr Test Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aehr Test Systems and related companies with MarketBeat.com's FREE daily email newsletter.
