Aehr Test Systems (NASDAQ:AEHR - Get Free Report) Director Howard Slayen sold 20,000 shares of the firm's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $108.30, for a total transaction of $2,166,000.00. Following the transaction, the director directly owned 146,367 shares of the company's stock, valued at approximately $15,851,546.10. This trade represents a 12.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Aehr Test Systems Price Performance
NASDAQ AEHR opened at $109.89 on Wednesday. Aehr Test Systems has a 1 year low of $16.38 and a 1 year high of $126.62. The company has a market capitalization of $3.58 billion, a PE ratio of -457.86 and a beta of 3.10. The company has a fifty day moving average of $91.25 and a 200 day moving average of $66.95.
Analysts Set New Price Targets
Several research analysts recently weighed in on the company. Freedom Capital upgraded Aehr Test Systems from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 16th. Weiss Ratings downgraded Aehr Test Systems from a "sell (d)" rating to a "sell (e+)" rating in a report on Wednesday, July 29th. Craig Hallum restated a "buy" rating and issued a $125.00 price objective on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Wall Street Zen raised shares of Aehr Test Systems from a "sell" rating to a "hold" rating in a research note on Saturday, July 18th. Finally, Lake Street Capital reaffirmed a "buy" rating and set a $110.00 target price on shares of Aehr Test Systems in a report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $117.50.
Check Out Our Latest Report on AEHR
Hedge Funds Weigh In On Aehr Test Systems
Hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Aehr Test Systems in the fourth quarter valued at approximately $25,000. Advocate Investing Services LLC purchased a new stake in shares of Aehr Test Systems during the second quarter worth about $26,000. Sunbelt Securities Inc. acquired a new position in shares of Aehr Test Systems during the 3rd quarter worth about $27,000. State of Wyoming acquired a new position in shares of Aehr Test Systems during the 2nd quarter worth about $28,000. Finally, KBC Group NV purchased a new position in Aehr Test Systems in the 1st quarter valued at about $30,000. Hedge funds and other institutional investors own 69.69% of the company's stock.
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
