Traders Buy Large Volume of Call Options on Aehr Test Systems (NASDAQ:AEHR)

Aehr Test Systems (NASDAQ:AEHR) was the recipient of some unusual options trading on Wednesday. Stock traders acquired 5,584 call options on the company. This is an increase of approximately 214% compared to the average daily volume of 1,778 call options.

Aehr Test Systems Trading Down 1.8 %

Shares of Aehr Test Systems stock opened at $15.11 on Friday. The firm has a market capitalization of $436.98 million, a P/E ratio of 29.06 and a beta of 2.07. The business has a fifty day simple moving average of $11.87 and a two-hundred day simple moving average of $14.59. Aehr Test Systems has a 12 month low of $9.83 and a 12 month high of $54.10.

Aehr Test Systems (NASDAQ:AEHR) last issued its quarterly earnings results on Tuesday, April 9th. The semiconductor company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.01. Aehr Test Systems had a return on equity of 18.70% and a net margin of 21.43%. The firm had revenue of $7.56 million during the quarter, compared to the consensus estimate of $7.60 million. Analysts predict that Aehr Test Systems will post 0.4 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. William Blair reaffirmed a “market perform” rating on shares of Aehr Test Systems in a research note on Monday, March 25th. StockNews.com lowered Aehr Test Systems from a “hold” rating to a “sell” rating in a research note on Thursday, April 11th. Finally, Craig Hallum reaffirmed a “hold” rating and issued a $12.00 price target on shares of Aehr Test Systems in a research note on Tuesday, March 26th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Aehr Test Systems by 39.0% in the first quarter. Vanguard Group Inc. now owns 2,097,712 shares of the semiconductor company’s stock worth $26,012,000 after purchasing an additional 588,953 shares during the last quarter. Congress Asset Management Co. MA bought a new stake in Aehr Test Systems in the 4th quarter worth approximately $23,229,000. Baillie Gifford & Co. increased its stake in Aehr Test Systems by 25.1% in the 1st quarter. Baillie Gifford & Co. now owns 828,626 shares of the semiconductor company’s stock worth $10,275,000 after acquiring an additional 166,319 shares during the last quarter. Weiss Asset Management LP bought a new stake in Aehr Test Systems in the 4th quarter worth approximately $14,458,000. Finally, Halter Ferguson Financial Inc. bought a new stake in Aehr Test Systems in the 4th quarter worth approximately $8,532,000. 69.69% of the stock is owned by hedge funds and other institutional investors.

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.