Insider Selling: Aehr Test Systems (NASDAQ:AEHR) Director Sells 1,717 Shares

Key Points

• Aehr Test Systems director Laura Oliphant sold 1,717 shares at an average price of $133, generating $228,361. Her direct ownership fell 9.64% to 16,100 shares.
• AEHR shares declined $5.93 to $123.30 in Thursday trading, though the stock remains near its 52-week high of $133.35 and has a market capitalization of approximately $4.02 billion.
• Analyst sentiment remains positive, with a consensus “Buy” rating and an average price target of $117.50; institutional investors own 69.69% of the company.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) Director Laura Oliphant sold 1,717 shares of the stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $133.00, for a total value of $228,361.00. Following the transaction, the director directly owned 16,100 shares of the company's stock, valued at approximately $2,141,300. This trade represents a 9.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Aehr Test Systems Price Performance

Shares of NASDAQ AEHR traded down $5.93 during trading on Thursday, reaching $123.30. 3,009,691 shares of the stock traded hands, compared to its average volume of 2,430,740. The stock has a market capitalization of $4.02 billion, a P/E ratio of -513.73 and a beta of 3.10. Aehr Test Systems has a 52-week low of $16.38 and a 52-week high of $133.35. The company has a 50-day moving average of $91.98 and a 200-day moving average of $70.33.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Aehr Test Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Advocate Investing Services LLC bought a new position in shares of Aehr Test Systems in the 2nd quarter worth $26,000. Compagnie Lombard Odier SCmA bought a new stake in shares of Aehr Test Systems during the 2nd quarter worth $34,000. KBC Group NV purchased a new position in Aehr Test Systems in the first quarter worth $30,000. Sunbelt Securities Inc. purchased a new position in Aehr Test Systems in the third quarter worth $27,000. Finally, Tema ETFs LLC bought a new position in Aehr Test Systems in the second quarter valued at $89,000. Hedge funds and other institutional investors own 69.69% of the company's stock.

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.

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