Aehr Test Systems (NASDAQ:AEHR) VP Alistair Sporck Sells 2,000 Shares

Aehr Test Systems (NASDAQ:AEHRGet Free Report) VP Alistair Sporck sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $93.50, for a total transaction of $187,000.00. Following the completion of the transaction, the vice president owned 5,177 shares in the company, valued at $484,049.50. The trade was a 27.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Aehr Test Systems Stock Up 3.9%

Shares of AEHR stock opened at $97.36 on Thursday. Aehr Test Systems has a fifty-two week low of $8.02 and a fifty-two week high of $101.99. The firm’s 50 day moving average price is $46.67 and its two-hundred day moving average price is $32.33. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of -256.21 and a beta of 2.28.

Aehr Test Systems (NASDAQ:AEHRGet Free Report) last released its quarterly earnings data on Tuesday, April 7th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.02. Aehr Test Systems had a negative net margin of 25.23% and a negative return on equity of 7.15%. The company had revenue of $10.31 million during the quarter, compared to analyst estimates of $10.85 million. On average, equities analysts forecast that Aehr Test Systems will post -0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Aehr Test Systems

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of 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 valued at $47,193,000 after acquiring an additional 49,243 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in shares of Aehr Test Systems during the third quarter worth about $26,920,000. Wellington Management Group LLP lifted its stake 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 worth $16,771,000 after acquiring an additional 469,400 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Aehr Test Systems by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 685,694 shares of the semiconductor company’s stock worth $13,846,000 after acquiring an additional 5,591 shares in the last quarter. Finally, Halter Ferguson Financial Inc. boosted its holdings in Aehr Test Systems by 41.7% in the fourth quarter. Halter Ferguson Financial Inc. now owns 642,129 shares of the semiconductor company’s stock valued at $12,965,000 after purchasing an additional 189,117 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

More Aehr Test Systems News

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Analyst Ratings Changes

Several research analysts have commented on AEHR shares. Weiss Ratings reissued a “sell (d)” rating on shares of Aehr Test Systems in a research report on Monday. Wall Street Zen upgraded Aehr Test Systems from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 11th. Lake Street Capital reiterated a “buy” rating on shares of Aehr Test Systems in a report on Wednesday, April 8th. William Blair raised Aehr Test Systems from a “market perform” rating to an “outperform” rating in a research report on Monday, March 2nd. Finally, Craig Hallum upgraded Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a report on Wednesday, April 8th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Aehr Test Systems has a consensus rating of “Hold” and a consensus target price of $68.00.

View Our Latest Research Report on Aehr Test Systems

Aehr Test Systems Company Profile

(Get Free Report)

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.

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