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

Aehr Test Systems (NASDAQ:AEHR) Director Howard Slayen sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $108.30, for a total value of $2,166,000.00. Following the transaction, the director owned 146,367 shares of the company’s stock, valued at $15,851,546.10. This trade represents a 12.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Aehr Test Systems Price Performance

NASDAQ AEHR opened at $98.78 on Thursday. The company has a market cap of $3.22 billion, a P/E ratio of -411.57 and a beta of 3.10. The stock has a 50-day moving average of $91.15 and a two-hundred day moving average of $67.46. Aehr Test Systems has a 1-year low of $16.38 and a 1-year high of $126.62.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in 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 buying an additional 49,243 shares during the last quarter. Halter Ferguson Financial Inc. lifted its holdings 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 buying an additional 189,117 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in Aehr Test Systems during the 4th quarter worth about $377,000. UBS Group AG boosted its position in shares of Aehr Test Systems by 55.7% during the 4th quarter. UBS Group AG now owns 243,129 shares of the semiconductor company’s stock worth $4,909,000 after acquiring an additional 87,014 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Aehr Test Systems during the 4th quarter worth about $407,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

Wall Street Analyst Weigh In

AEHR has been the subject of several recent research reports. Lake Street Capital reissued a “buy” rating and issued a $110.00 price target on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Zacks Research upgraded Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Craig Hallum reiterated a “buy” rating and issued a $125.00 target price on shares of Aehr Test Systems in a report on Wednesday, July 15th. Weiss Ratings cut Aehr Test Systems from a “sell (d)” rating to a “sell (e+)” rating in a research note on Wednesday, July 29th. Finally, Wall Street Zen upgraded Aehr Test Systems from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target 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.