Insider Selling: Aehr Test Systems (NASDAQ:AEHR) VP Sells 2,000 Shares of Stock

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) VP Alistair Sporck sold 2,000 shares of the stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $93.50, for a total value of $187,000.00. Following the transaction, the vice president owned 5,177 shares of the company's stock, valued at approximately $484,049.50. This trade represents a 27.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Aehr Test Systems Trading Up 3.9%

AEHR stock opened at $97.36 on Thursday. The firm has a 50 day simple moving average of $46.67 and a 200-day simple moving average of $32.33. The company has a market capitalization of $3.06 billion, a P/E ratio of -256.21 and a beta of 2.28. Aehr Test Systems has a twelve month low of $8.02 and a twelve month high of $101.99.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 7th. The semiconductor company reported ($0.05) EPS for the quarter, beating analysts' consensus estimates of ($0.07) by $0.02. The firm had revenue of $10.31 million for the quarter, compared to the consensus estimate of $10.85 million. Aehr Test Systems had a negative net margin of 25.23% and a negative return on equity of 7.15%. On average, research analysts predict that Aehr Test Systems will post -0.31 EPS for the current year.

Institutional Trading of Aehr Test Systems




Several hedge funds have recently made changes to their positions in AEHR. Vanguard Group Inc. boosted its position in Aehr Test Systems by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 2,337,433 shares of the semiconductor company's stock valued at $47,193,000 after purchasing an additional 49,243 shares during the period. William Blair Investment Management LLC acquired a new stake in Aehr Test Systems in the third quarter worth $26,920,000. Wellington Management Group LLP increased its position in 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 buying an additional 469,400 shares during the period. Geode Capital Management LLC lifted its stake in 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 valued at $13,846,000 after buying an additional 5,591 shares during the last quarter. Finally, Halter Ferguson Financial Inc. lifted its stake 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 buying an additional 189,117 shares during the last quarter. Institutional investors own 69.69% of the company's stock.

Analyst Upgrades and Downgrades

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

Read Our Latest Report on AEHR

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About Aehr Test Systems

(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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