Aehr Test Systems (NASDAQ:AEHR) VP Sells 2,000 Shares of Stock

Aehr Test Systems (NASDAQ:AEHR) VP Alistair Sporck sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $100.96, for a total transaction of $201,920.00. Following the completion of the transaction, the vice president owned 23,547 shares in the company, valued at approximately $2,377,305.12. This trade represents a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Aehr Test Systems Trading Up 1.0%

Shares of NASDAQ AEHR traded up $0.96 during midday trading on Thursday, reaching $99.74. 1,524,494 shares of the stock were exchanged, compared to its average volume of 2,422,564. The stock has a 50 day moving average price of $91.15 and a 200-day moving average price of $67.46. The company has a market capitalization of $3.25 billion, a P/E ratio of -415.57 and a beta of 3.10. Aehr Test Systems has a 52-week low of $16.38 and a 52-week high of $126.62.

Wall Street Analysts Forecast Growth

Several analysts have commented on AEHR shares. Wall Street Zen raised shares of Aehr Test Systems from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Freedom Capital upgraded Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Craig Hallum reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Weiss Ratings lowered Aehr Test Systems from a “sell (d)” rating to a “sell (e+)” rating in a research note on Wednesday, July 29th. Finally, Lake Street Capital reiterated a “buy” rating and set a $110.00 target price on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $117.50.

Hedge Funds Weigh In On Aehr Test Systems

Institutional investors and hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd acquired a new position in Aehr Test Systems during the fourth quarter worth approximately $25,000. Advocate Investing Services LLC acquired a new position in shares of Aehr Test Systems in the 2nd quarter valued at $26,000. Sunbelt Securities Inc. purchased a new stake in shares of Aehr Test Systems during the 3rd quarter valued at $27,000. State of Wyoming purchased a new stake in shares of Aehr Test Systems during the 2nd quarter valued at $28,000. Finally, KBC Group NV acquired a new stake in shares of Aehr Test Systems during the 1st quarter worth $30,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

About Aehr Test Systems

Aehr Test Systems develops, manufactures and sells semiconductor test and burn-in equipment used by device manufacturers to ensure quality and reliability of integrated circuits. Its products are designed for wafer-level reliability assessment, functional test and stress screening of memory devices, system-on-chips, optical components and power semiconductors. By focusing on wafer-level burn-in and testing processes, the company helps reduce cost and improve yield for high-volume semiconductor production.

The company’s product portfolio includes FOX series wafer probe test and burn-in systems as well as ABTS burn-in ovens.