Aehr Test Systems (NASDAQ:AEHR) Stock Passes Above Two Hundred Day Moving Average - Here's What Happened

Aehr Test Systems (NASDAQ:AEHR - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.79 and traded as high as $15.87. Aehr Test Systems shares last traded at $15.51, with a volume of 1,630,095 shares changing hands.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Aehr Test Systems to a "sell" rating in a research note on Tuesday, May 13th.

Aehr Test Systems Stock Performance

The stock has a 50 day moving average of $10.65 and a 200-day moving average of $10.77. The company has a market cap of $441.19 million, a PE ratio of 19.00 and a beta of 2.29.

Insiders Place Their Bets

In other Aehr Test Systems news, EVP Alberto Salamone sold 4,995 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $9.08, for a total value of $45,354.60. Following the transaction, the executive vice president directly owned 56,241 shares of the company's stock, valued at $510,668.28. This trade represents a 8.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 6.20% of the company's stock.

Institutional Trading of Aehr Test Systems

Several institutional investors have recently added to or reduced their stakes in AEHR. Bank of New York Mellon Corp grew its stake in shares of Aehr Test Systems by 9.4% during the fourth quarter. Bank of New York Mellon Corp now owns 89,631 shares of the semiconductor company's stock worth $1,491,000 after purchasing an additional 7,680 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Aehr Test Systems during the fourth quarter worth about $272,000. HighTower Advisors LLC boosted its stake in shares of Aehr Test Systems by 18.1% during the fourth quarter. HighTower Advisors LLC now owns 13,256 shares of the semiconductor company's stock worth $220,000 after buying an additional 2,032 shares during the period. LPL Financial LLC purchased a new stake in Aehr Test Systems in the 4th quarter valued at approximately $874,000. Finally, Vanguard Group Inc. lifted its position in shares of Aehr Test Systems by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 2,183,641 shares of the semiconductor company's stock valued at $36,314,000 after acquiring an additional 44,881 shares during the period. Institutional investors and hedge funds own 69.69% of the company's stock.

Aehr Test Systems Company Profile

Aehr Test Systems provides test solutions for testing, burning-in, and semiconductor devices in wafer level, singulated die, and package part form, and installed systems worldwide. Its product portfolio includes FOX-XP and FOX-NP systems that are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize range of devices, including silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices.