Aehr Test Systems Target of Unusually Large Options Trading (NASDAQ:AEHR)

Aehr Test Systems (NASDAQ:AEHR) saw some unusual options trading on Friday. Stock traders purchased 6,066 call options on the stock. This is an increase of 93% compared to the typical volume of 3,136 call options.

Insider Activity

In other Aehr Test Systems news, Director Fariba Danesh sold 10,000 shares of the company’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $18.59, for a total value of $185,900.00. Following the completion of the transaction, the director now owns 16,390 shares in the company, valued at $304,690.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Aehr Test Systems news, Director Fariba Danesh sold 10,000 shares of the business’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $18.59, for a total value of $185,900.00. Following the transaction, the director now directly owns 16,390 shares in the company, valued at $304,690.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Howard T. Slayen bought 20,000 shares of Aehr Test Systems stock in a transaction dated Friday, August 2nd. The shares were bought at an average cost of $15.50 per share, with a total value of $310,000.00. Following the completion of the transaction, the director now directly owns 220,714 shares in the company, valued at approximately $3,421,067. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Aehr Test Systems

Large investors have recently modified their holdings of the company. Virtu Financial LLC purchased a new stake in shares of Aehr Test Systems in the fourth quarter worth $537,000. Congress Asset Management Co. MA purchased a new stake in shares of Aehr Test Systems in the 4th quarter valued at about $23,229,000. Greenwood Capital Associates LLC boosted its position in shares of Aehr Test Systems by 10.6% during the 4th quarter. Greenwood Capital Associates LLC now owns 21,046 shares of the semiconductor company’s stock valued at $558,000 after acquiring an additional 2,023 shares during the last quarter. Bouvel Investment Partners LLC grew its holdings in shares of Aehr Test Systems by 85.9% during the first quarter. Bouvel Investment Partners LLC now owns 54,594 shares of the semiconductor company’s stock worth $677,000 after purchasing an additional 25,227 shares in the last quarter. Finally, Baillie Gifford & Co. increased its position in shares of Aehr Test Systems by 25.1% in the first quarter. Baillie Gifford & Co. now owns 828,626 shares of the semiconductor company’s stock worth $10,275,000 after purchasing an additional 166,319 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors.

Aehr Test Systems Stock Up 7.7 %

AEHR traded up $1.03 on Friday, hitting $14.35. The company’s stock had a trading volume of 4,169,177 shares, compared to its average volume of 1,347,164. Aehr Test Systems has a 12 month low of $9.83 and a 12 month high of $41.67. The firm has a market cap of $424.47 million, a P/E ratio of 12.61 and a beta of 2.03. The company’s 50 day simple moving average is $13.44 and its 200-day simple moving average is $12.99.

Aehr Test Systems (NASDAQ:AEHR) last issued its quarterly earnings data on Friday, July 19th. The semiconductor company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.70. The business had revenue of $16.60 million for the quarter. Aehr Test Systems had a return on equity of 36.41% and a net margin of 50.07%. During the same period last year, the company posted $0.21 EPS. Equities analysts predict that Aehr Test Systems will post 0.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. StockNews.com cut Aehr Test Systems from a “hold” rating to a “sell” rating in a research report on Saturday, October 5th. Craig Hallum upgraded Aehr Test Systems from a “hold” rating to a “buy” rating and boosted their price objective for the company from $12.00 to $25.00 in a research note on Wednesday, July 17th.

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.