Aehr Test Systems (NASDAQ:AEHR) Trading Down 5.6% - Should You Sell?

Key Points

• Aehr Test Systems shares fell 5.6% on Monday, trading as low as $76.35 after closing at $81.05, with volume running below its daily average.
• Analyst sentiment remains mixed but generally constructive: the stock carries a “Moderate Buy” consensus with an average target price of $117.50, while several firms recently reiterated or upgraded ratings.
• Recent insider activity showed multiple stock sales, including transactions by a director and vice president, though institutional ownership remains high at 69.69%.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) shares fell 5.6% during mid-day trading on Monday . The company traded as low as $76.35 and last traded at $76.5250. 1,478,189 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 2,387,217 shares. The stock had previously closed at $81.05.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Wall Street Zen raised shares of Aehr Test Systems from a "sell" rating to a "hold" rating in a research note on Saturday. Weiss Ratings cut Aehr Test Systems from a "sell (d+)" rating to a "sell (d)" rating in a report on Wednesday. Lake Street Capital reissued a "buy" rating and issued a $110.00 price objective on shares of Aehr Test Systems in a research note on Wednesday, July 15th. Craig Hallum reaffirmed a "buy" rating and set a $125.00 target price on shares of Aehr Test Systems in a research note on Wednesday. Finally, Freedom Capital upgraded shares of Aehr Test Systems from a "hold" rating to a "strong-buy" rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $117.50.

Aehr Test Systems Trading Down 4.6%

The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of -321.05 and a beta of 3.17. The stock has a fifty day moving average of $94.10 and a 200-day moving average of $61.86.

Insiders Place Their Bets

In other Aehr Test Systems news, Director Rhea J. Posedel sold 604 shares of the company's stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $95.00, for a total transaction of $57,380.00. Following the completion of the sale, the director directly owned 396,375 shares of the company's stock, valued at approximately $37,655,625. This represents a 0.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Alistair N. Sporck sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $93.50, for a total transaction of $187,000.00. Following the sale, the vice president owned 5,177 shares in the company, valued at $484,049.50. This represents a 27.87% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 35,325 shares of company stock worth $3,513,762. Company insiders own 6.80% of the company's stock.

Institutional Investors Weigh In On Aehr Test Systems

Institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd purchased a new position in Aehr Test Systems during the fourth quarter valued at approximately $25,000. Sunbelt Securities Inc. acquired a new stake in shares of Aehr Test Systems in the third quarter worth about $27,000. State of Wyoming bought a new position in shares of Aehr Test Systems in the 2nd quarter valued at approximately $28,000. KBC Group NV acquired a new stake in Aehr Test Systems in the 1st quarter worth approximately $30,000. Finally, Russell Investments Group Ltd. boosted its position in Aehr Test Systems by 3,500.0% during the third quarter. Russell Investments Group Ltd. now owns 2,448 shares of the semiconductor company's stock worth $74,000 after purchasing an additional 2,380 shares during the period. 69.69% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.