Insider Selling: Aehr Test Systems (NASDAQ:AEHR) Director Sells $2,166,000.00 in Stock

Aehr Test Systems (NASDAQ:AEHR) Director Howard Slayen sold 20,000 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $108.30, for a total value of $2,166,000.00. Following the transaction, the director owned 146,367 shares in the company, valued at $15,851,546.10. This represents a 12.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Aehr Test Systems Stock Up 19.8%

Shares of AEHR stock traded up $18.18 during trading hours on Tuesday, hitting $109.89. 3,493,385 shares of the company’s stock were exchanged, compared to its average volume of 3,375,697. The firm has a market cap of $3.58 billion, a P/E ratio of -457.86 and a beta of 3.10. The firm has a 50 day moving average of $91.25 and a two-hundred day moving average of $66.95. Aehr Test Systems has a fifty-two week low of $16.38 and a fifty-two week high of $126.62.

Institutional Trading of Aehr Test Systems

Several large investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its holdings in shares of Aehr Test Systems by 262.7% during the 1st quarter. Royal Bank of Canada now owns 50,207 shares of the semiconductor company’s stock worth $365,000 after purchasing an additional 36,364 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Aehr Test Systems by 8.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,225 shares of the semiconductor company’s stock worth $126,000 after buying an additional 1,344 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Aehr Test Systems by 7.9% during the second quarter. JPMorgan Chase & Co. now owns 15,576 shares of the semiconductor company’s stock worth $201,000 after buying an additional 1,145 shares in the last quarter. Legal & General Group Plc boosted its stake in Aehr Test Systems by 110.8% during the second quarter. Legal & General Group Plc now owns 6,882 shares of the semiconductor company’s stock worth $89,000 after buying an additional 3,617 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in Aehr Test Systems by 3.1% in the 2nd quarter. Rhumbline Advisers now owns 41,466 shares of the semiconductor company’s stock valued at $536,000 after buying an additional 1,254 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AEHR. Wall Street Zen upgraded shares of Aehr Test Systems from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Craig Hallum reiterated a “buy” rating and set a $125.00 price objective on shares of Aehr Test Systems in a research note on Wednesday, July 15th. Freedom Capital raised Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Weiss Ratings lowered Aehr Test Systems from a “sell (d)” rating to a “sell (e+)” rating in a research note on Wednesday, July 29th. Finally, Lake Street Capital reiterated a “buy” rating and set a $110.00 price target on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Two 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. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $117.50.

About Aehr Test Systems

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.