Aehr Test Systems (AEHR) Set to Announce Earnings on Tuesday

Aehr Test Systems (NASDAQ:AEHR) will be releasing its earnings data after the market closes on Tuesday, April 9th. Analysts expect Aehr Test Systems to post earnings of ($0.04) per share for the quarter. Aehr Test Systems has set its FY 2024 guidance at EPS and its Q2 guidance at $0.23 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Aehr Test Systems (NASDAQ:AEHR) last released its quarterly earnings data on Tuesday, January 9th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.04. Aehr Test Systems had a return on equity of 26.97% and a net margin of 25.76%. The firm had revenue of $21.43 million during the quarter, compared to analyst estimates of $20.10 million. On average, analysts expect Aehr Test Systems to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Aehr Test Systems Price Performance

Aehr Test Systems stock opened at $11.34 on Friday. The stock has a fifty day moving average price of $15.27 and a two-hundred day moving average price of $23.75. Aehr Test Systems has a 52-week low of $10.53 and a 52-week high of $54.10. The firm has a market capitalization of $327.16 million, a P/E ratio of 15.97 and a beta of 1.97.

Insider Buying and Selling

In related news, VP Avijit K. Ray-Chaudhuri bought 3,000 shares of Aehr Test Systems stock in a transaction on Friday, January 12th. The shares were purchased at an average price of $17.87 per share, for a total transaction of $53,610.00. Following the completion of the acquisition, the vice president now owns 9,719 shares in the company, valued at $173,678.53. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Aehr Test Systems news, CEO Gayn Erickson sold 4,871 shares of the firm’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $17.39, for a total transaction of $84,706.69. Following the transaction, the chief executive officer now owns 427,935 shares in the company, valued at $7,441,789.65. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Avijit K. Ray-Chaudhuri bought 3,000 shares of Aehr Test Systems stock in a transaction on Friday, January 12th. The shares were bought at an average price of $17.87 per share, for a total transaction of $53,610.00. Following the acquisition, the vice president now owns 9,719 shares of the company’s stock, valued at approximately $173,678.53. The disclosure for this purchase can be found here. Insiders sold a total of 8,738 shares of company stock worth $151,723 over the last three months. 11.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Aehr Test Systems

Several institutional investors and hedge funds have recently modified their holdings of AEHR. Lazard Asset Management LLC acquired a new position in shares of Aehr Test Systems in the 4th quarter valued at approximately $34,000. Deutsche Bank AG acquired a new position in shares of Aehr Test Systems in the 1st quarter valued at approximately $40,000. PNC Financial Services Group Inc. grew its position in shares of Aehr Test Systems by 93.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,158 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 558 shares during the period. Citigroup Inc. grew its position in shares of Aehr Test Systems by 463.8% in the 4th quarter. Citigroup Inc. now owns 2,458 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 2,022 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Aehr Test Systems by 1,027.1% in the 1st quarter. JPMorgan Chase & Co. now owns 1,578 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 1,438 shares during the period. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AEHR has been the subject of several recent analyst reports. Craig Hallum reiterated a “hold” rating and set a $12.00 price objective on shares of Aehr Test Systems in a research note on Tuesday, March 26th. William Blair reiterated a “market perform” rating on shares of Aehr Test Systems in a research report on Monday, March 25th. Finally, StockNews.com upgraded Aehr Test Systems from a “sell” rating to a “hold” rating in a research report on Friday, January 19th.

Aehr Test Systems Company Profile

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.