Aehr Test Systems (NASDAQ:AEHR) Stock Price Down 9.1% – Should You Sell?

Aehr Test Systems (NASDAQ:AEHR) fell 9.1% during trading on Tuesday . The stock traded as low as $132.71 and last traded at $132.3720. Approximately 520,330 shares changed hands during trading, a decline of 79% from the average session volume of 2,424,321 shares. The stock had previously closed at $145.61.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AEHR shares. Zacks Research upgraded Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Jefferies Financial Group began coverage on shares of Aehr Test Systems in a research note on Thursday. They set a “buy” rating and a $175.00 price target for the company. Weiss Ratings downgraded shares of Aehr Test Systems from a “sell (d)” rating to a “sell (e+)” rating in a report on Wednesday, July 29th. 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. Finally, Craig Hallum reiterated a “buy” rating and set a $125.00 price objective on shares of Aehr Test Systems in a report on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $136.67.

Aehr Test Systems Stock Down 15.2%

The firm has a 50 day moving average price of $93.83 and a 200 day moving average price of $72.59. The stock has a market capitalization of $4.03 billion, a PE ratio of -519.12 and a beta of 3.10.

Insider Buying and Selling at Aehr Test Systems

In other Aehr Test Systems news, Director Rhea J. Posedel sold 5,973 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $140.00, for a total transaction of $836,220.00. Following the transaction, the director directly owned 381,989 shares in the company, valued at approximately $53,478,460. This trade represents a 1.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Alberto Salamone sold 9,672 shares of Aehr Test Systems stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $127.72, for a total transaction of $1,235,307.84. Following the transaction, the executive vice president directly owned 41,962 shares in the company, valued at $5,359,386.64. This represents a 18.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 109,475 shares of company stock valued at $13,827,160 in the last three months. Insiders own 6.80% of the company’s stock.

Institutional Trading of Aehr Test Systems

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

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.