Alberto Salamone Sells 4,995 Shares of Aehr Test Systems (NASDAQ:AEHR) Stock

Aehr Test Systems (NASDAQ:AEHR) EVP Alberto Salamone sold 4,995 shares of the business’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $9.08, for a total transaction of $45,354.60. Following the completion of the transaction, the executive vice president now directly owns 56,241 shares in the company, valued at $510,668.28. This trade represents a 8.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Aehr Test Systems Stock Performance

Shares of Aehr Test Systems stock opened at $9.25 on Wednesday. Aehr Test Systems has a 52-week low of $6.27 and a 52-week high of $21.44. The stock’s 50-day simple moving average is $8.39 and its 200 day simple moving average is $11.10. The stock has a market capitalization of $275.38 million, a P/E ratio of 12.33 and a beta of 2.21.

Analyst Ratings Changes

Separately, StockNews.com upgraded Aehr Test Systems to a “sell” rating in a research note on Tuesday.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AEHR. Point72 Asset Management L.P. purchased a new position in Aehr Test Systems during the fourth quarter worth about $15,307,000. Rice Hall James & Associates LLC increased its stake in Aehr Test Systems by 59.1% in the 4th quarter. Rice Hall James & Associates LLC now owns 634,391 shares of the semiconductor company’s stock worth $10,550,000 after acquiring an additional 235,625 shares during the last quarter. Baillie Gifford & Co. increased its stake in Aehr Test Systems by 12.0% in the 4th quarter. Baillie Gifford & Co. now owns 2,023,559 shares of the semiconductor company’s stock worth $33,652,000 after acquiring an additional 216,710 shares during the last quarter. Panoramic Capital LLC bought a new position in Aehr Test Systems in the 4th quarter worth about $2,786,000. Finally, Pier Capital LLC increased its stake in Aehr Test Systems by 27.2% in the 4th quarter. Pier Capital LLC now owns 524,231 shares of the semiconductor company’s stock worth $8,718,000 after acquiring an additional 112,154 shares during the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Aehr Test Systems Company Profile

Aehr Test Systems provides test solutions for testing, burning-in, and semiconductor devices in wafer level, singulated die, and package part form, and installed systems worldwide. Its product portfolio includes FOX-XP and FOX-NP systems that are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize range of devices, including silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices.