Aehr Test Systems (NASDAQ:AEHR) VP Alistair Sporck Sells 2,000 Shares

Aehr Test Systems (NASDAQ:AEHR) VP Alistair Sporck sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $100.96, for a total value of $201,920.00. Following the transaction, the vice president owned 23,547 shares in the company, valued at $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 can be accessed through this link.

Aehr Test Systems Stock Up 1.0%

NASDAQ AEHR opened at $99.74 on Friday. The business’s 50-day moving average price is $91.14 and its 200 day moving average price is $67.96. Aehr Test Systems has a 52-week low of $16.38 and a 52-week high of $126.62. The firm has a market cap of $3.25 billion, a P/E ratio of -415.57 and a beta of 3.10.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Craig Hallum restated a “buy” rating and set a $125.00 target price 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 report on Saturday, July 18th. Weiss Ratings downgraded shares of Aehr Test Systems from a “sell (d)” rating to a “sell (e+)” rating in a research report on Wednesday, July 29th. Freedom Capital upgraded Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Finally, Zacks Research upgraded shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Aehr Test Systems has an average rating of “Buy” and a consensus target price of $117.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advocate Investing Services LLC purchased a new stake in Aehr Test Systems in the second quarter worth about $26,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Aehr Test Systems during the second quarter valued at approximately $34,000. Millennium Management LLC boosted its position in shares of Aehr Test Systems by 0.8% in the 4th quarter. Millennium Management LLC now owns 59,219 shares of the semiconductor company’s stock worth $1,196,000 after purchasing an additional 492 shares in the last quarter. KBC Group NV bought a new stake in shares of Aehr Test Systems in the 1st quarter worth approximately $30,000. Finally, CoreCap Advisors LLC grew its stake in shares of Aehr Test Systems by 241.8% in the 2nd quarter. CoreCap Advisors LLC now owns 1,251 shares of the semiconductor company’s stock worth $120,000 after buying an additional 885 shares during the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

Aehr Test Systems Company Profile

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.