Insider Selling: Aehr Test Systems (NASDAQ:AEHR) Director Sells $2,166,000.00 in Stock

Aehr Test Systems (NASDAQ:AEHR) Director Howard Slayen sold 20,000 shares of the stock in a transaction on Tuesday, August 4th. The stock was 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 in the company, valued at $15,851,546.10. The trade was a 12.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Aehr Test Systems Stock Performance

Shares of Aehr Test Systems stock opened at $99.74 on Friday. The firm has a 50-day moving average of $91.14 and a 200-day moving average of $67.96. Aehr Test Systems has a 52-week low of $16.38 and a 52-week high of $126.62. The stock has a market cap of $3.25 billion, a PE ratio of -415.57 and a beta of 3.10.

Institutional Investors Weigh In On Aehr Test Systems

Several hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new position in Aehr Test Systems in the 4th quarter worth about $25,000. Advocate Investing Services LLC acquired a new stake in shares of Aehr Test Systems during the second quarter valued at about $26,000. Sunbelt Securities Inc. acquired a new stake in shares of Aehr Test Systems during the third quarter valued at about $27,000. State of Wyoming bought a new stake in shares of Aehr Test Systems during the second quarter worth about $28,000. Finally, KBC Group NV bought a new stake in shares of Aehr Test Systems during the first quarter worth about $30,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on AEHR. Weiss Ratings cut shares of Aehr Test Systems from a “sell (d)” rating to a “sell (e+)” rating in a report on Wednesday, July 29th. Lake Street Capital reissued a “buy” rating and set a $110.00 price target on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Wall Street Zen upgraded Aehr Test Systems from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Freedom Capital raised Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Finally, Craig Hallum reiterated a “buy” rating and set a $125.00 target price on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Aehr Test Systems currently has an average rating of “Buy” and an average 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.