Aehr Test Systems (NASDAQ:AEHR) COO Sells 15,000 Shares

Aehr Test Systems (NASDAQ:AEHR) COO Adil Engineer sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $131.02, for a total transaction of $1,965,300.00. Following the transaction, the chief operating officer directly owned 46,977 shares of the company’s stock, valued at $6,154,926.54. This represents a 24.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Aehr Test Systems Stock Performance

Shares of AEHR traded down $5.93 during mid-day trading on Thursday, reaching $123.30. The company had a trading volume of 3,009,691 shares, compared to its average volume of 2,430,740. Aehr Test Systems has a 52 week low of $16.38 and a 52 week high of $133.35. The company has a market capitalization of $4.02 billion, a price-to-earnings ratio of -513.73 and a beta of 3.10. The firm has a 50-day moving average price of $91.98 and a 200 day moving average price of $70.33.

Institutional Trading of Aehr Test Systems

A number of large investors have recently made changes to their positions in AEHR. BlackRock Inc. purchased a new position in shares of Aehr Test Systems in the 2nd quarter valued at approximately $255,476,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Aehr Test Systems during the second quarter worth $64,433,000. Wellington Management Group LLP grew its holdings in shares of Aehr Test Systems by 129.9% during the fourth quarter. Wellington Management Group LLP now owns 830,664 shares of the semiconductor company’s stock valued at $16,771,000 after buying an additional 469,400 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Aehr Test Systems by 1,137.2% during the third quarter. Invesco Ltd. now owns 366,570 shares of the semiconductor company’s stock valued at $11,037,000 after buying an additional 336,940 shares during the last quarter. Finally, Next Century Growth Investors LLC increased its position in shares of Aehr Test Systems by 99.9% in the 4th quarter. Next Century Growth Investors LLC now owns 552,506 shares of the semiconductor company’s stock valued at $11,155,000 after acquiring an additional 276,160 shares during the period. 69.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AEHR shares. Zacks Research raised shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Weiss Ratings lowered shares of Aehr Test Systems from a “sell (d)” rating to a “sell (e+)” rating in a report on Wednesday, July 29th. Lake Street Capital reissued a “buy” rating and set a $110.00 price target on shares of Aehr Test Systems in a report on Wednesday, July 15th. Freedom Capital raised shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Finally, Wall Street Zen raised Aehr Test Systems from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $117.50.

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.