Aehr Test Systems (NASDAQ:AEHR) Trading Down 5.6% – Here’s What Happened

Aehr Test Systems (NASDAQ:AEHR)’s share price was down 5.6% on Monday . The company traded as low as $76.35 and last traded at $76.5250. Approximately 1,478,189 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 2,387,217 shares. The stock had previously closed at $81.05.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Craig Hallum reissued a “buy” rating and set a $125.00 target price on shares of Aehr Test Systems in a research report on Wednesday. Weiss Ratings downgraded Aehr Test Systems from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday. Wall Street Zen raised Aehr Test Systems from a “sell” rating to a “hold” rating in a report on Saturday. Freedom Capital upgraded Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday. Finally, Lake Street Capital reissued a “buy” rating and issued a $110.00 price objective on shares of Aehr Test Systems in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $117.50.

Aehr Test Systems Price Performance

The firm has a 50 day moving average of $94.10 and a 200-day moving average of $61.86. The stock has a market capitalization of $2.43 billion, a P/E ratio of -321.05 and a beta of 3.17.

Insider Activity at Aehr Test Systems

In related news, VP Alistair N. Sporck sold 2,000 shares of the firm’s stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $93.50, for a total value of $187,000.00. Following the completion of the transaction, the vice president directly owned 5,177 shares of the company’s stock, valued at $484,049.50. This trade represents a 27.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Howard T. Slayen sold 6,819 shares of Aehr Test Systems stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $104.73, for a total transaction of $714,153.87. Following the sale, the director owned 169,709 shares in the company, valued at $17,773,623.57. This represents a 3.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 35,325 shares of company stock worth $3,513,762. 6.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Aehr Test Systems

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Aehr Test Systems by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 2,337,433 shares of the semiconductor company’s stock worth $47,193,000 after buying an additional 49,243 shares during the last quarter. Halter Ferguson Financial Inc. grew its position in 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 acquiring an additional 189,117 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in Aehr Test Systems during the 4th quarter worth approximately $377,000. UBS Group AG increased its holdings in Aehr Test Systems by 55.7% during the 4th quarter. UBS Group AG now owns 243,129 shares of the semiconductor company’s stock valued at $4,909,000 after purchasing an additional 87,014 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Aehr Test Systems in the 4th quarter valued at $407,000. 69.69% of the stock is owned by institutional investors and hedge funds.

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.