Insider Selling: Aehr Test Systems (NASDAQ:AEHR) Director Sells $1,093,690.00 in Stock

Aehr Test Systems (NASDAQ:AEHR) Director Rhea Posedel sold 8,413 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $130.00, for a total transaction of $1,093,690.00. Following the completion of the transaction, the director owned 387,962 shares of the company’s stock, valued at $50,435,060. This trade represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Aehr Test Systems Price Performance

AEHR stock traded down $5.93 during 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 business has a 50 day moving average of $91.98 and a 200 day moving average of $70.33. The company has a market cap of $4.02 billion, a P/E ratio of -513.73 and a beta of 3.10.

Analysts Set New Price Targets

AEHR has been the subject of a number of research analyst reports. Zacks Research upgraded Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Lake Street Capital reiterated a “buy” rating and issued a $110.00 price objective on shares of Aehr Test Systems in a report on Wednesday, July 15th. Weiss Ratings lowered Aehr Test Systems from a “sell (d)” rating to a “sell (e+)” rating in a research report on Wednesday, July 29th. Wall Street Zen upgraded shares of Aehr Test Systems from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Finally, Freedom Capital raised shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. 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, Aehr Test Systems currently has a consensus rating of “Buy” and a consensus price target of $117.50.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Advocate Investing Services LLC purchased a new stake in shares of Aehr Test Systems in the second quarter worth $26,000. Compagnie Lombard Odier SCmA bought a new position in Aehr Test Systems in the 2nd quarter worth about $34,000. Millennium Management LLC boosted its stake in 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 purchased a new stake in Aehr Test Systems during the 1st quarter valued at about $30,000. Finally, CoreCap Advisors LLC grew its position in Aehr Test Systems by 241.8% during the 2nd quarter. CoreCap Advisors LLC now owns 1,251 shares of the semiconductor company’s stock valued at $120,000 after purchasing an additional 885 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

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.