Aehr Test Systems (NASDAQ:AEHR) Director Sells $228,361.00 in Stock

Aehr Test Systems (NASDAQ:AEHR) Director Laura Oliphant sold 1,717 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $133.00, for a total value of $228,361.00. Following the transaction, the director owned 16,100 shares in the company, valued at $2,141,300. This trade represents a 9.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Aehr Test Systems Stock Performance

NASDAQ:AEHR traded down $5.93 during mid-day trading on Thursday, reaching $123.30. The stock had a trading volume of 3,009,691 shares, compared to its average volume of 2,430,740. The stock has a market capitalization of $4.02 billion, a P/E ratio of -513.73 and a beta of 3.10. The firm has a 50 day moving average price of $91.98 and a two-hundred day moving average price of $70.33. Aehr Test Systems has a one year low of $16.38 and a one year high of $133.35.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AEHR shares. Freedom Capital raised shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Lake Street Capital reissued a “buy” rating and issued a $110.00 price target on shares of Aehr Test Systems in a research note on Wednesday, July 15th. Weiss Ratings lowered shares of Aehr Test Systems from a “sell (d)” rating to a “sell (e+)” rating in a research report on Wednesday, July 29th. Craig Hallum reiterated a “buy” rating and issued a $125.00 price objective on shares of Aehr Test Systems in a report on Wednesday, July 15th. Finally, Wall Street Zen raised Aehr Test Systems from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Two 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 MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $117.50.

Institutional Investors Weigh In On Aehr Test Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AEHR. BlackRock Inc. purchased a new stake in Aehr Test Systems during the 2nd quarter valued at $255,476,000. Vanguard Group Inc. increased its position in shares of Aehr Test Systems by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 2,337,433 shares of the semiconductor company’s stock valued at $47,193,000 after acquiring an additional 49,243 shares during the period. Wellington Management Group LLP increased its position in shares of Aehr Test Systems by 129.9% in the fourth quarter. Wellington Management Group LLP now owns 830,664 shares of the semiconductor company’s stock valued at $16,771,000 after acquiring an additional 469,400 shares during the period. Geode Capital Management LLC raised its stake in shares of Aehr Test Systems by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 685,694 shares of the semiconductor company’s stock valued at $13,846,000 after acquiring an additional 5,591 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Aehr Test Systems during the second quarter valued at about $64,433,000. 69.69% of the stock is currently owned by institutional investors.

Aehr Test Systems Company Profile

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.