Aehr Test Systems (NASDAQ:AEHR) VP Alistair Sporck Sells 1,000 Shares of Stock

Aehr Test Systems (NASDAQ:AEHR) VP Alistair Sporck sold 1,000 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $108.49, for a total value of $108,490.00. Following the completion of the sale, the vice president owned 22,547 shares of the company’s stock, valued at approximately $2,446,124.03. This trade represents a 4.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Aehr Test Systems Trading Up 8.9%

NASDAQ:AEHR traded up $9.43 during mid-day trading on Tuesday, reaching $115.63. 1,997,523 shares of the stock were exchanged, compared to its average volume of 2,418,529. The business has a fifty day moving average price of $91.61 and a 200 day moving average price of $69.02. Aehr Test Systems has a 1-year low of $16.38 and a 1-year high of $126.62. The firm has a market capitalization of $3.77 billion, a PE ratio of -481.95 and a beta of 3.10.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Craig Hallum reiterated a “buy” rating and issued a $125.00 target price on shares of Aehr Test Systems in a report on Wednesday, July 15th. Weiss Ratings lowered shares of Aehr Test Systems from a “sell (d)” rating to a “sell (e+)” rating in a research report on Wednesday, July 29th. Wall Street Zen raised Aehr Test Systems from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Freedom Capital upgraded Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Finally, Zacks Research raised Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $117.50.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Advocate Investing Services LLC purchased a new stake in shares of Aehr Test Systems in the 2nd quarter valued at approximately $26,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Aehr Test Systems during the second quarter valued at $34,000. KBC Group NV acquired a new position in Aehr Test Systems during the first quarter valued at $30,000. Sunbelt Securities Inc. acquired a new position in Aehr Test Systems during the third quarter valued at $27,000. Finally, Tema ETFs LLC purchased a new stake in Aehr Test Systems in the 2nd quarter worth about $89,000. 69.69% of the stock is owned by hedge funds and other institutional investors.

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.