Aehr Test Systems (NASDAQ:AEHR) VP Sells $201,920.00 in Stock

Aehr Test Systems (NASDAQ:AEHR) VP Alistair Sporck sold 2,000 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $100.96, for a total transaction of $201,920.00. Following the completion of the transaction, the vice president owned 23,547 shares in the company, valued at $2,377,305.12. The trade was a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Aehr Test Systems Price Performance

Shares of AEHR opened at $103.07 on Friday. The company has a market capitalization of $3.36 billion, a PE ratio of -429.44 and a beta of 3.10. Aehr Test Systems has a one year low of $16.38 and a one year high of $126.62. The company’s fifty day moving average price is $91.36 and its 200 day moving average price is $68.20.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Aehr Test Systems in the 2nd quarter valued at $255,476,000. Wellington Management Group LLP raised its stake in shares of Aehr Test Systems by 129.9% in the 4th quarter. Wellington Management Group LLP now owns 830,664 shares of the semiconductor company’s stock valued at $16,771,000 after buying an additional 469,400 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Aehr Test Systems by 1,137.2% during the 3rd quarter. Invesco Ltd. now owns 366,570 shares of the semiconductor company’s stock worth $11,037,000 after acquiring an additional 336,940 shares during the period. Next Century Growth Investors LLC lifted its holdings in shares of Aehr Test Systems by 99.9% during the 4th quarter. Next Century Growth Investors LLC now owns 552,506 shares of the semiconductor company’s stock worth $11,155,000 after acquiring an additional 276,160 shares during the period. Finally, Halter Ferguson Financial Inc. boosted its position 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 valued at $12,965,000 after acquiring an additional 189,117 shares in the last quarter. Institutional investors own 69.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AEHR shares. Lake Street Capital reiterated a “buy” rating and issued a $110.00 price objective on shares of Aehr Test Systems in a research note 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. Wall Street Zen raised Aehr Test Systems from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Craig Hallum reaffirmed a “buy” rating and issued a $125.00 price target on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Finally, Weiss Ratings lowered Aehr Test Systems from a “sell (d)” rating to a “sell (e+)” rating in a report on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average 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.