Key Points
- Insider sale: Aehr Test Systems VP Alistair Sporck sold 2,000 shares at an average price of $100.96, generating $201,920. His remaining direct holdings fell 7.83% to 23,547 shares.
- Stock profile: AEHR opened at $99.74 and has a $3.25 billion market capitalization, trading between a 52-week range of $16.38 and $126.62. Institutional investors own approximately 69.69% of the company.
- Analyst outlook: The stock has a consensus “Buy” rating and an average price target of $117.50, with recent upgrades from several firms and buy targets ranging from $110 to $125.
Aehr Test Systems (NASDAQ:AEHR - Get Free Report) VP Alistair Sporck sold 2,000 shares of Aehr Test Systems stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $100.96, for a total value of $201,920.00. Following the completion of the transaction, the vice president directly owned 23,547 shares of the company's stock, valued at approximately $2,377,305.12. This represents a 7.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Aehr Test Systems Stock Performance
Shares of Aehr Test Systems stock opened at $99.74 on Friday. The company has a 50-day simple moving average of $91.14 and a two-hundred day simple moving average of $67.96. The stock has a market capitalization of $3.25 billion, a PE ratio of -415.57 and a beta of 3.10. Aehr Test Systems has a 52-week low of $16.38 and a 52-week high of $126.62.
Institutional Investors Weigh In On Aehr Test Systems
Several institutional investors and hedge funds have recently added to or reduced their stakes in AEHR. Advocate Investing Services LLC purchased a new stake in Aehr Test Systems during the 2nd quarter valued at $26,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Aehr Test Systems in the 2nd quarter worth $34,000. KBC Group NV bought a new stake in shares of Aehr Test Systems in the first quarter worth $30,000. Sunbelt Securities Inc. purchased a new stake in Aehr Test Systems during the third quarter valued at $27,000. Finally, Tema ETFs LLC purchased a new stake in Aehr Test Systems during the second quarter valued at $89,000. Hedge funds and other institutional investors own 69.69% of the company's stock.
Analyst Ratings Changes
Several brokerages have commented on AEHR. Freedom Capital upgraded Aehr Test Systems from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 16th. Wall Street Zen upgraded Aehr Test Systems from a "sell" rating to a "hold" rating in a research note on Saturday, July 18th. Zacks Research raised Aehr Test Systems from a "hold" rating to a "strong-buy" rating in a report on Friday, July 17th. Lake Street Capital reaffirmed a "buy" rating and set a $110.00 price objective on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Finally, Craig Hallum reaffirmed a "buy" rating and set a $125.00 price objective on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $117.50.
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Aehr Test Systems Company Profile
(
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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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