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

Aehr Test Systems (NASDAQ:AEHR) saw unusually large options trading on Friday. Stock investors acquired 6,066 call options on the stock. This represents an increase of approximately 93% compared to the average volume of 3,136 call options.

Wall Street Analyst Weigh In

AEHR has been the topic of a number of recent analyst reports. Craig Hallum upgraded Aehr Test Systems from a “hold” rating to a “buy” rating and increased their price objective for the company from $12.00 to $25.00 in a report on Wednesday, July 17th. StockNews.com downgraded Aehr Test Systems from a “hold” rating to a “sell” rating in a research note on Saturday, October 5th.

Aehr Test Systems Stock Up 20.3 %

NASDAQ:AEHR opened at $16.02 on Friday. The stock’s 50 day moving average price is $13.48 and its 200 day moving average price is $13.02. The company has a market capitalization of $463.22 million, a PE ratio of 30.81 and a beta of 2.03. Aehr Test Systems has a 52-week low of $9.83 and a 52-week high of $41.67.

Aehr Test Systems (NASDAQ:AEHR) last released its quarterly earnings results 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 firm 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 quarter in the prior year, the business earned $0.21 EPS. As a group, sell-side analysts anticipate that Aehr Test Systems will post 0.25 EPS for the current fiscal year.

Insiders Place Their Bets

In other Aehr Test Systems news, Director Fariba Danesh sold 10,000 shares of the company’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $18.59, for a total transaction of $185,900.00. Following the sale, 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 this link. In other news, Director Fariba Danesh sold 10,000 shares of the stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $18.59, for a total value of $185,900.00. Following the transaction, the director now owns 16,390 shares in the company, valued at approximately $304,690.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Howard T. Slayen acquired 20,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was acquired at an average price of $15.50 per share, for a total transaction of $310,000.00. Following the acquisition, the director now owns 220,714 shares in the company, valued at approximately $3,421,067. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 11.30% of the stock is owned by company insiders.

Institutional Trading of Aehr Test Systems

Hedge funds have recently added to or reduced their stakes in the stock. RiverPark Advisors LLC lifted its position in Aehr Test Systems by 360.8% during the 1st quarter. RiverPark Advisors LLC now owns 2,069 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 1,620 shares during the period. nVerses Capital LLC acquired a new stake in Aehr Test Systems during the 2nd quarter worth approximately $25,000. Quest Partners LLC acquired a new stake in Aehr Test Systems during the 2nd quarter worth approximately $47,000. B. Riley Wealth Advisors Inc. acquired a new stake in Aehr Test Systems during the 1st quarter worth approximately $109,000. Finally, SG Americas Securities LLC acquired a new stake in Aehr Test Systems during the 3rd quarter worth approximately $130,000. 69.69% of the stock is owned by institutional investors and hedge funds.

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.