Aehr Test Systems (NASDAQ:AEHR) CEO Gayn Erickson Sells 40,000 Shares of Stock

Aehr Test Systems (NASDAQ:AEHR) CEO Gayn Erickson sold 40,000 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $130.84, for a total transaction of $5,233,600.00. Following the transaction, the chief executive officer owned 157,723 shares in the company, valued at approximately $20,636,477.32. The trade was a 20.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Aehr Test Systems Price Performance

Shares of NASDAQ:AEHR traded down $5.93 during trading hours on Thursday, hitting $123.30. The company’s stock 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’s fifty day moving average price is $91.98 and its 200 day moving average price is $70.33.

Institutional Trading of Aehr Test Systems

Several hedge funds and other institutional investors have recently made changes to their positions in AEHR. BlackRock Inc. purchased a new stake in Aehr Test Systems during the 2nd quarter worth approximately $255,476,000. Vanguard Group Inc. lifted its holdings in shares of Aehr Test Systems by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 2,337,433 shares of the semiconductor company’s stock worth $47,193,000 after purchasing an additional 49,243 shares during the period. Wellington Management Group LLP boosted its position 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 valued at $16,771,000 after buying an additional 469,400 shares during the last quarter. Geode Capital Management LLC boosted its position in Aehr Test Systems by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 685,694 shares of the semiconductor company’s stock valued at $13,846,000 after buying an additional 5,591 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Aehr Test Systems in the 2nd quarter worth approximately $64,433,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Analyst Upgrades and Downgrades

AEHR has been the subject of a number of analyst reports. Craig Hallum restated a “buy” rating and set a $125.00 target price on shares of Aehr Test Systems in a report on Wednesday, July 15th. Lake Street Capital reissued a “buy” rating and issued a $110.00 price target on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Wall Street Zen upgraded Aehr Test Systems from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Zacks Research raised Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Finally, Weiss Ratings lowered Aehr Test Systems from a “sell (d)” rating to a “sell (e+)” rating in a research note on Wednesday, July 29th. 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. According to MarketBeat, Aehr Test Systems presently has a consensus rating of “Buy” and an average price target 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.