Insider Selling: Aehr Test Systems (NASDAQ:AEHR) COO Sells $1,965,300.00 in Stock

Key Points

• COO Adil Engineer sold 15,000 Aehr Test Systems shares at an average price of $131.02, generating $1.97 million and reducing his position by 24.2% to 46,977 shares.
• AEHR shares traded at $123.30, near their 52-week high of $133.35, with a $4.02 billion market capitalization and a beta of 3.10.
• Analysts maintain a broadly positive outlook, with a consensus “Buy” rating and a $117.50 price target, while institutional investors own 69.69% of the stock.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) COO Adil Engineer sold 15,000 shares of Aehr Test Systems stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $131.02, for a total transaction of $1,965,300.00. Following the transaction, the chief operating officer owned 46,977 shares in the company, valued at approximately $6,154,926.54. This trade represents a 24.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Aehr Test Systems Price Performance

NASDAQ AEHR traded down $5.93 during mid-day trading on Thursday, reaching $123.30. 3,009,691 shares of the stock were exchanged, compared to its average volume of 2,430,740. The stock has a 50 day simple moving average of $91.98 and a 200-day simple moving average of $70.33. Aehr Test Systems has a one year low of $16.38 and a one year high of $133.35. The stock has a market cap of $4.02 billion, a P/E ratio of -513.73 and a beta of 3.10.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on AEHR shares. Wall Street Zen upgraded Aehr Test Systems from a "sell" rating to a "hold" rating in a report on Saturday, July 18th. Craig Hallum reiterated a "buy" rating and set a $125.00 price target on shares of Aehr Test Systems in a report on Wednesday, July 15th. 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. Zacks Research raised Aehr Test Systems from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 17th. Finally, Lake Street Capital reaffirmed a "buy" rating and set a $110.00 price target on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $117.50.

Institutional Trading of Aehr Test Systems

Institutional investors and hedge funds have recently bought and sold shares of the company. Advocate Investing Services LLC bought a new position in Aehr Test Systems during the 2nd quarter valued at approximately $26,000. Compagnie Lombard Odier SCmA bought a new position in Aehr Test Systems in the second quarter worth $34,000. Millennium Management LLC lifted its position in Aehr Test Systems by 0.8% during the fourth quarter. Millennium Management LLC now owns 59,219 shares of the semiconductor company's stock valued at $1,196,000 after buying an additional 492 shares during the period. KBC Group NV purchased a new position in Aehr Test Systems during the first quarter valued at $30,000. Finally, CoreCap Advisors LLC boosted its holdings in shares of Aehr Test Systems by 241.8% during the 2nd quarter. CoreCap Advisors LLC now owns 1,251 shares of the semiconductor company's stock valued at $120,000 after buying an additional 885 shares in the last quarter. 69.69% of the stock is currently 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.

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