Aehr Test Systems (NASDAQ:AEHR) VP Alistair Sporck Sells 2,000 Shares

Key Points

• Insider sale: Aehr Test Systems VP Alistair Sporck sold 2,000 shares at an average price of $100.96, totaling $201,920. He retains 23,547 shares valued at approximately $2.38 million.
• Stock performance: AEHR recently traded at $99.74, with a market capitalization of $3.25 billion and a 52-week range of $16.38 to $126.62.
• Analyst outlook: Analysts maintain a consensus “Buy” rating with an average price target of $117.50, although ratings range from “Strong Buy” to “Sell.” Institutional investors own approximately 69.69% of the company.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) VP Alistair Sporck sold 2,000 shares of the firm's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $100.96, for a total transaction of $201,920.00. Following the transaction, the vice president directly owned 23,547 shares in the company, valued at $2,377,305.12. The trade was a 7.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Aehr Test Systems Price Performance

Shares of NASDAQ:AEHR traded up $0.96 on Thursday, reaching $99.74. The company's stock had a trading volume of 1,524,494 shares, compared to its average volume of 2,422,564. Aehr Test Systems has a 52-week low of $16.38 and a 52-week high of $126.62. The stock has a market capitalization of $3.25 billion, a P/E ratio of -415.57 and a beta of 3.10. The stock's 50-day moving average is $91.15 and its two-hundred day moving average is $67.46.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AEHR shares. Zacks Research upgraded Aehr Test Systems from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 17th. Weiss Ratings downgraded 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 shares of Aehr Test Systems from a "sell" rating to a "hold" rating in a report on Saturday, July 18th. Freedom Capital upgraded shares of Aehr Test Systems from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 16th. Finally, Craig Hallum restated a "buy" rating and issued a $125.00 price objective on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $117.50.

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.

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