Howard Slayen Sells 6,819 Shares of Aehr Test Systems (NASDAQ:AEHR) Stock

Aehr Test Systems (NASDAQ:AEHR) Director Howard Slayen sold 6,819 shares of the stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $104.73, for a total value of $714,153.87. Following the sale, the director owned 169,709 shares of the company’s stock, valued at $17,773,623.57. This trade represents a 3.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Aehr Test Systems Price Performance

Shares of NASDAQ:AEHR traded down $6.84 on Friday, reaching $99.50. 2,179,243 shares of the company traded hands, compared to its average volume of 3,193,188. Aehr Test Systems has a fifty-two week low of $8.31 and a fifty-two week high of $108.75. The company’s 50 day moving average is $64.54 and its 200-day moving average is $39.52. The stock has a market capitalization of $3.13 billion, a PE ratio of -261.84 and a beta of 3.26.

Aehr Test Systems (NASDAQ:AEHR) last announced its quarterly earnings data on Tuesday, April 7th. The semiconductor company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. Aehr Test Systems had a negative return on equity of 7.15% and a negative net margin of 25.23%.The company had revenue of $10.31 million during the quarter, compared to the consensus estimate of $10.85 million. As a group, analysts expect that Aehr Test Systems will post -0.31 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on AEHR shares. Lake Street Capital reissued a “buy” rating on shares of Aehr Test Systems in a research note on Wednesday, April 8th. Weiss Ratings raised shares of Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Craig Hallum raised shares of Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Wednesday, April 8th. William Blair raised shares of Aehr Test Systems from a “market perform” rating to an “outperform” rating in a research note on Monday, March 2nd. Finally, Wall Street Zen raised shares of Aehr Test Systems from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 11th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Aehr Test Systems presently has an average rating of “Hold” and an average price target of $68.00.

Hedge Funds Weigh In On Aehr Test Systems

Hedge funds have recently modified their holdings of the stock. William Blair Investment Management LLC bought a new stake in Aehr Test Systems in the third quarter worth $26,920,000. Wellington Management Group LLP boosted its holdings in Aehr Test Systems by 129.9% in the fourth quarter. Wellington Management Group LLP now owns 830,664 shares of the semiconductor company’s stock worth $16,771,000 after purchasing an additional 469,400 shares in the last quarter. Invesco Ltd. boosted its holdings in Aehr Test Systems by 1,137.2% in the third quarter. Invesco Ltd. now owns 366,570 shares of the semiconductor company’s stock worth $11,037,000 after purchasing an additional 336,940 shares in the last quarter. Next Century Growth Investors LLC boosted its holdings in Aehr Test Systems by 99.9% in the fourth quarter. Next Century Growth Investors LLC now owns 552,506 shares of the semiconductor company’s stock worth $11,155,000 after purchasing an additional 276,160 shares in the last quarter. Finally, Halter Ferguson Financial Inc. boosted its holdings in Aehr Test Systems by 41.7% in the fourth quarter. Halter Ferguson Financial Inc. now owns 642,129 shares of the semiconductor company’s stock worth $12,965,000 after purchasing an additional 189,117 shares in the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

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.