Aehr Test Systems (NASDAQ:AEHR) VP Sells $108,490.00 in Stock

Aehr Test Systems (NASDAQ:AEHR) VP Alistair Sporck sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $108.49, for a total transaction of $108,490.00. Following the sale, the vice president owned 22,547 shares of the company’s stock, valued at approximately $2,446,124.03. This represents a 4.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Aehr Test Systems Price Performance

AEHR traded up $9.43 on Tuesday, reaching $115.63. 1,997,523 shares of the company traded hands, compared to its average volume of 2,418,529. The company has a market cap of $3.77 billion, a price-to-earnings ratio of -481.95 and a beta of 3.10. The stock’s 50 day moving average price is $91.61 and its 200-day moving average price is $69.02. Aehr Test Systems has a 52-week low of $16.38 and a 52-week high of $126.62.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AEHR. BlackRock Inc. bought a new position in shares of Aehr Test Systems in the 2nd quarter valued at approximately $255,476,000. Wellington Management Group LLP raised 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 purchasing an additional 469,400 shares during the period. Invesco Ltd. lifted its stake in shares of Aehr Test Systems by 1,137.2% in the third quarter. Invesco Ltd. now owns 366,570 shares of the semiconductor company’s stock worth $11,037,000 after buying an additional 336,940 shares during the last quarter. Next Century Growth Investors LLC lifted its stake in shares of Aehr Test Systems by 99.9% in the fourth quarter. Next Century Growth Investors LLC now owns 552,506 shares of the semiconductor company’s stock worth $11,155,000 after buying an additional 276,160 shares during the last quarter. Finally, Halter Ferguson Financial Inc. boosted its holdings in shares of Aehr Test Systems by 41.7% during the 4th quarter. Halter Ferguson Financial Inc. now owns 642,129 shares of the semiconductor company’s stock worth $12,965,000 after buying an additional 189,117 shares during the period. Institutional investors and hedge funds own 69.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Craig Hallum reaffirmed a “buy” rating and issued a $125.00 price target on shares of Aehr Test Systems in a research note on Wednesday, July 15th. Wall Street Zen raised Aehr Test Systems from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. 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 downgraded Aehr Test Systems from a “sell (d)” rating to a “sell (e+)” rating in a report on Wednesday, July 29th. Finally, Zacks Research raised shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $117.50.

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.