Aehr Test Systems Sees Unusually High Options Volume (NASDAQ:AEHR)

Aehr Test Systems (NASDAQ:AEHR) was the recipient of some unusual options trading activity on Wednesday. Stock traders acquired 6,725 call options on the stock. This represents an increase of approximately 88% compared to the typical volume of 3,584 call options.

Insider Activity

In other Aehr Test Systems news, Director Laura Oliphant sold 4,546 shares of the stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $31.40, for a total value of $142,744.40. Following the sale, the director directly owned 18,432 shares of the company’s stock, valued at $578,764.80. This trade represents a 19.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Aehr Test Systems

A number of hedge funds have recently added to or reduced their stakes in AEHR. Royal Bank of Canada lifted its stake in Aehr Test Systems by 262.7% in the first quarter. Royal Bank of Canada now owns 50,207 shares of the semiconductor company’s stock valued at $365,000 after acquiring an additional 36,364 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Aehr Test Systems by 8.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,225 shares of the semiconductor company’s stock worth $126,000 after purchasing an additional 1,344 shares in the last quarter. CWM LLC increased its position in Aehr Test Systems by 15.1% during the second quarter. CWM LLC now owns 6,062 shares of the semiconductor company’s stock worth $78,000 after buying an additional 793 shares during the last quarter. Penbrook Management LLC raised its holdings in Aehr Test Systems by 205.1% during the second quarter. Penbrook Management LLC now owns 126,250 shares of the semiconductor company’s stock valued at $1,632,000 after buying an additional 84,875 shares in the last quarter. Finally, AlphaQuest LLC lifted its position in shares of Aehr Test Systems by 697.6% in the second quarter. AlphaQuest LLC now owns 20,156 shares of the semiconductor company’s stock worth $261,000 after buying an additional 17,629 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AEHR. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Aehr Test Systems in a report on Wednesday, January 21st. Lake Street Capital assumed coverage on shares of Aehr Test Systems in a research note on Wednesday, December 17th. They issued a “buy” rating for the company. Zacks Research upgraded shares of Aehr Test Systems from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Finally, Craig Hallum reissued a “hold” rating on shares of Aehr Test Systems in a report on Friday, January 9th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $21.00.

Aehr Test Systems Trading Up 25.3%

Shares of Aehr Test Systems stock traded up $6.79 on Wednesday, reaching $33.62. 4,077,335 shares of the company were exchanged, compared to its average volume of 1,287,517. Aehr Test Systems has a fifty-two week low of $6.27 and a fifty-two week high of $37.49. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of -112.33 and a beta of 2.31. The stock has a fifty day moving average price of $24.84 and a 200-day moving average price of $24.45.

Aehr Test Systems (NASDAQ:AEHR) last issued its earnings results on Thursday, January 8th. The semiconductor company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.04. Aehr Test Systems had a negative return on equity of 4.57% and a negative net margin of 16.63%.The business had revenue of $9.88 million during the quarter, compared to analysts’ expectations of $11.45 million. On average, equities analysts anticipate that Aehr Test Systems will post 0.1 earnings per share for the current fiscal year.

Aehr Test Systems Company Profile

Aehr Test Systems develops, manufactures and sells semiconductor test and burn-in equipment used by device manufacturers to ensure quality and reliability of integrated circuits. Its products are designed for wafer-level reliability assessment, functional test and stress screening of memory devices, system-on-chips, optical components and power semiconductors. By focusing on wafer-level burn-in and testing processes, the company helps reduce cost and improve yield for high-volume semiconductor production.

The company’s product portfolio includes FOX series wafer probe test and burn-in systems as well as ABTS burn-in ovens.