On July 16, Aehr Test Systems declined 8.08% in regular trading, trading at $81.20/share, with turnover of $227 million. The pullback comes after the stock surged as much as 50% in the prior session following a blowout fiscal Q4 earnings report, with adjusted EPS of $0.11 significantly beating the consensus estimate of -$0.01 and revenue of $18.84 million also exceeding expectations. The company reported record quarterly orders driven by AI data center demand, with AI-related business now comprising 71% of annual revenue and analyst price targets raised to $125.
The broader Semiconductor Equipment sector traded broadly lower during the session, with Lam Research down 4.85%, Teradyne down 5.37%, Applied Materials down 2.7%, KLA-Tencor down 2.45%, and ASML down 0.72%, adding selling pressure to shares that had already registered outsized gains.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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