Insider Selling: Aehr Test Systems (NASDAQ:AEHR) Director Sells 20,000 Shares

Key Points

• Director Howard Slayen sold 20,000 Aehr Test Systems shares at an average price of $108.30, generating approximately $2.17 million. The sale reduced his direct ownership by 12.02% to 146,367 shares.
• Aehr shares traded at $109.89, near their 52-week high of $126.62, with a market capitalization of approximately $3.58 billion. The stock has risen sharply, with its 50-day and 200-day moving averages at $91.25 and $66.95, respectively.
• Analysts maintain a broadly positive outlook, with a consensus “Buy” rating and a $117.50 price target; institutional investors and hedge funds own 69.69% of the company.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) Director Howard Slayen sold 20,000 shares of Aehr Test Systems stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $108.30, for a total transaction of $2,166,000.00. Following the transaction, the director directly owned 146,367 shares in the company, valued at approximately $15,851,546.10. The trade was a 12.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Aehr Test Systems Price Performance

NASDAQ AEHR traded up $18.18 during midday trading on Tuesday, hitting $109.89. 3,493,385 shares of the company traded hands, compared to its average volume of 3,375,697. The company has a market cap of $3.58 billion, a PE ratio of -457.86 and a beta of 3.10. The company's 50-day simple moving average is $91.25 and its 200-day simple moving average is $66.95. Aehr Test Systems has a 52 week low of $16.38 and a 52 week high of $126.62.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Craig Hallum reiterated a "buy" rating and issued a $125.00 target price on shares of Aehr Test Systems in a research note on Wednesday, July 15th. Wall Street Zen raised Aehr Test Systems from a "sell" rating to a "hold" rating in a research report on Saturday, July 18th. Freedom Capital raised Aehr Test Systems from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 16th. Weiss Ratings lowered Aehr Test Systems from a "sell (d)" rating to a "sell (e+)" rating in a research report on Wednesday, July 29th. Finally, Zacks Research upgraded Aehr Test Systems from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 17th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Aehr Test Systems has a consensus rating of "Buy" and a consensus price target of $117.50.

Institutional Investors Weigh In On Aehr Test Systems

Institutional investors and hedge funds have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Aehr Test Systems during the 4th quarter worth approximately $25,000. Advocate Investing Services LLC acquired a new stake in Aehr Test Systems during the second quarter valued at $26,000. Sunbelt Securities Inc. purchased a new position in Aehr Test Systems in the third quarter valued at $27,000. State of Wyoming purchased a new position in Aehr Test Systems in the second quarter valued at $28,000. Finally, KBC Group NV acquired a new position in shares of Aehr Test Systems in the first quarter worth about $30,000. 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.

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