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

Aehr Test Systems (NASDAQ:AEHR) was the recipient of unusually large options trading activity on Monday. Investors purchased 6,426 call options on the company. This is an increase of 141% compared to the typical volume of 2,667 call options.

Institutional Investors Weigh In On Aehr Test Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC raised its position in Aehr Test Systems by 1,535.8% during the 3rd quarter. FMR LLC now owns 2,619,108 shares of the semiconductor company’s stock worth $33,656,000 after buying an additional 2,458,993 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of Aehr Test Systems by 769.7% during the 2nd quarter. Federated Hermes Inc. now owns 1,100,567 shares of the semiconductor company’s stock worth $12,293,000 after acquiring an additional 974,028 shares during the period. Baillie Gifford & Co. grew its stake in shares of Aehr Test Systems by 101.6% in the 2nd quarter. Baillie Gifford & Co. now owns 1,670,590 shares of the semiconductor company’s stock valued at $18,660,000 after buying an additional 841,964 shares during the period. Rice Hall James & Associates LLC increased its position in shares of Aehr Test Systems by 339.6% during the 2nd quarter. Rice Hall James & Associates LLC now owns 339,756 shares of the semiconductor company’s stock worth $3,795,000 after purchasing an additional 262,469 shares during the last quarter. Finally, Apis Capital Advisors LLC acquired a new stake in shares of Aehr Test Systems during the second quarter valued at about $2,133,000. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Aehr Test Systems Stock Performance

AEHR stock traded up $3.23 during midday trading on Monday, reaching $14.76. The company’s stock had a trading volume of 5,571,672 shares, compared to its average volume of 1,338,961. The stock has a fifty day simple moving average of $13.00 and a two-hundred day simple moving average of $13.49. The firm has a market capitalization of $437.35 million, a price-to-earnings ratio of 13.00 and a beta of 1.94. Aehr Test Systems has a 1 year low of $9.83 and a 1 year high of $30.00.

Aehr Test Systems (NASDAQ:AEHR) last announced its quarterly earnings results on Thursday, October 10th. The semiconductor company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. The firm had revenue of $13.12 million during the quarter, compared to analyst estimates of $11.90 million. Aehr Test Systems had a return on equity of 29.31% and a net margin of 49.63%. As a group, analysts forecast that Aehr Test Systems will post 0.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Aehr Test Systems from a “hold” rating to a “sell” rating in a research note on Saturday, October 5th.

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.