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

Key Points

• Vice President Alistair Sporck sold 1,000 Aehr Test Systems shares at an average price of $108.49, receiving $108,490. Following the transaction, his stake fell 4.25% to 22,547 shares.
• AEHR shares rose 8.9% to $115.63, with a market capitalization of approximately $3.77 billion. The stock has traded between $16.38 and $126.62 over the past year.
• Analysts maintain a consensus “Buy” rating with a $117.50 target price, while institutional investors own 69.69% of the company.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) 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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source