Alistair N. Sporck Sells 470 Shares of Aehr Test Systems (NASDAQ:AEHR) Stock

Aehr Test Systems (NASDAQ:AEHRGet Rating) VP Alistair N. Sporck sold 470 shares of the firm’s stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $34.52, for a total transaction of $16,224.40. Following the completion of the transaction, the vice president now directly owns 13,124 shares in the company, valued at $453,040.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Aehr Test Systems Price Performance

AEHR traded up $2.19 during mid-day trading on Wednesday, hitting $36.19. The stock had a trading volume of 1,754,254 shares, compared to its average volume of 2,437,697. The stock’s fifty day simple moving average is $24.67 and its 200-day simple moving average is $18.91. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 84.28 and a beta of 1.80. Aehr Test Systems has a 1-year low of $6.71 and a 1-year high of $36.63.

Institutional Investors Weigh In On Aehr Test Systems

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Clearview Wealth Advisors LLC acquired a new stake in shares of Aehr Test Systems during the third quarter worth $25,000. Optimum Investment Advisors bought a new position in Aehr Test Systems in the third quarter valued at $35,000. BNP Paribas Arbitrage SNC bought a new position in Aehr Test Systems in the third quarter valued at $68,000. Tower Research Capital LLC TRC grew its position in Aehr Test Systems by 1,568.5% in the third quarter. Tower Research Capital LLC TRC now owns 6,724 shares of the semiconductor company’s stock valued at $95,000 after purchasing an additional 6,321 shares in the last quarter. Finally, Ergoteles LLC bought a new position in shares of Aehr Test Systems in the 1st quarter valued at about $117,000. 42.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AEHR has been the topic of a number of recent research reports. TheStreet cut shares of Aehr Test Systems from a “b-” rating to a “c+” rating in a research note on Tuesday, October 18th. StockNews.com raised shares of Aehr Test Systems from a “sell” rating to a “hold” rating in a research note on Friday, October 7th. Craig Hallum increased their target price on shares of Aehr Test Systems from $31.00 to $45.00 in a report on Friday, January 20th. Finally, William Blair started coverage on shares of Aehr Test Systems in a report on Monday, October 17th. They issued an “outperform” rating on the stock.

About Aehr Test Systems

(Get Rating)

Aehr Test Systems engages in the design, manufacture and marketing of test and burn-in products to the semiconductor manufacturing industry. Its products include wafer contact test systems, test during burn-in systems, test fixtures and die carriers. The company was founded by Rhea J. Posedel on May 25, 1977 and is headquartered in Fremont, CA.

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