Aehr Test Systems (NASDAQ:AEHR) Director Howard Slayen Sells 20,000 Shares

Aehr Test Systems (NASDAQ:AEHR) Director Howard Slayen sold 20,000 shares of Aehr Test Systems stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $108.30, for a total transaction of $2,166,000.00. Following the completion of the transaction, the director directly owned 146,367 shares in the company, valued at approximately $15,851,546.10. The trade was a 12.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Aehr Test Systems Stock Up 19.8%

NASDAQ:AEHR opened at $109.89 on Wednesday. Aehr Test Systems has a 52 week low of $16.38 and a 52 week high of $126.62. The firm has a 50 day moving average of $91.25 and a 200 day moving average of $66.95. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of -457.86 and a beta of 3.10.

Hedge Funds Weigh In On Aehr Test Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Penn Capital Management Company LLC purchased a new stake in Aehr Test Systems during the 2nd quarter valued at about $14,476,000. Pictet Asset Management Holding SA boosted its position in Aehr Test Systems by 187.7% in the second quarter. Pictet Asset Management Holding SA now owns 16,654 shares of the semiconductor company’s stock valued at $1,600,000 after buying an additional 10,866 shares during the last quarter. Ethic Inc. acquired a new position in Aehr Test Systems in the 2nd quarter worth approximately $215,000. Compagnie Lombard Odier SCmA acquired a new position in Aehr Test Systems in the 2nd quarter worth approximately $34,000. Finally, Advocate Investing Services LLC purchased a new position in Aehr Test Systems during the 2nd quarter worth approximately $26,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Wall Street Zen upgraded Aehr Test Systems from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Weiss Ratings lowered 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 target on shares of Aehr Test Systems in a research note on Wednesday, July 15th. Zacks Research raised Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Finally, Freedom Capital upgraded Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Aehr Test Systems presently has an average rating of “Buy” and a consensus price target of $117.50.

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.