Aehr Test Systems (NASDAQ:AEHR) CEO Sells 40,000 Shares of Stock

Aehr Test Systems (NASDAQ:AEHR) CEO Gayn Erickson sold 40,000 shares of the stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $130.84, for a total transaction of $5,233,600.00. Following the transaction, the chief executive officer owned 157,723 shares of the company’s stock, valued at $20,636,477.32. This trade represents a 20.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Aehr Test Systems Price Performance

Shares of Aehr Test Systems stock traded down $5.93 during trading hours on Thursday, reaching $123.30. The company’s stock had a trading volume of 3,009,691 shares, compared to its average volume of 2,430,740. The firm has a 50 day moving average price of $91.98 and a 200-day moving average price of $70.33. Aehr Test Systems has a one year low of $16.38 and a one year high of $133.35. The stock has a market cap of $4.02 billion, a P/E ratio of -513.73 and a beta of 3.10.

Institutional Investors Weigh In On Aehr Test Systems

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AEHR. Freedom Capital raised Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Weiss Ratings lowered Aehr Test Systems from a “sell (d)” rating to a “sell (e+)” rating in a research note on Wednesday, July 29th. Wall Street Zen raised shares of Aehr Test Systems from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Lake Street Capital restated a “buy” rating and issued a $110.00 target price on shares of Aehr Test Systems in a report on Wednesday, July 15th. Finally, Zacks Research upgraded shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Two equities research 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 company has an average rating of “Buy” and a consensus target price 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.