Insider Selling: Aehr Test Systems (NASDAQ:AEHR) Director Sells 7,500 Shares of Stock

Key Points

• Director sale: Aehr Test Systems director Rhea Posedel sold 7,500 shares on April 20 at an average of $88.09 for $660,675, trimming her stake by 1.85% to 396,979 shares (≈$34.97M); the sale was disclosed in an SEC filing.
• Stock surge and volatility: AEHR shares traded up to $90.15 on the day with heavy volume (3.95M vs. avg. 2.21M) and a 52-week range of $7.71–$92.20, highlighting significant recent gains and volatility.
• Analyst and institutional activity: Analysts’ views are mixed (consensus "Hold", average price target $68) while institutional ownership is high (~69.7%) and several funds have materially increased their positions.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) Director Rhea Posedel sold 7,500 shares of Aehr Test Systems stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $88.09, for a total value of $660,675.00. Following the completion of the transaction, the director owned 396,979 shares in the company, valued at $34,969,880.11. This trade represents a 1.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Aehr Test Systems Price Performance

Shares of NASDAQ:AEHR traded up $6.29 during trading on Monday, reaching $90.15. The company had a trading volume of 3,947,098 shares, compared to its average volume of 2,212,040. Aehr Test Systems has a fifty-two week low of $7.71 and a fifty-two week high of $92.20. The stock's fifty day moving average price is $42.81 and its 200 day moving average price is $31.03. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of -237.24 and a beta of 2.28.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 7th. The semiconductor company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.02. Aehr Test Systems had a negative return on equity of 7.15% and a negative net margin of 25.23%.The firm had revenue of $10.31 million during the quarter, compared to the consensus estimate of $10.85 million. On average, equities analysts anticipate that Aehr Test Systems will post -0.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on AEHR shares. William Blair raised shares of Aehr Test Systems from a "market perform" rating to an "outperform" rating in a report on Monday, March 2nd. Craig Hallum raised shares of Aehr Test Systems from a "hold" rating to a "buy" rating and set a $68.00 price target for the company in a report on Wednesday, April 8th. Wall Street Zen upgraded shares of Aehr Test Systems from a "strong sell" rating to a "sell" rating in a research report on Saturday, April 11th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Aehr Test Systems in a report on Wednesday, January 21st. Finally, Lake Street Capital reiterated a "buy" rating on shares of Aehr Test Systems in a research report on Wednesday, April 8th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $68.00.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. William Blair Investment Management LLC acquired a new stake in shares of Aehr Test Systems during the 3rd quarter valued at approximately $26,920,000. Wellington Management Group LLP grew its holdings in shares of Aehr Test Systems by 129.9% in the 4th quarter. Wellington Management Group LLP now owns 830,664 shares of the semiconductor company's stock worth $16,771,000 after acquiring an additional 469,400 shares during the period. Invesco Ltd. increased its stake in Aehr Test Systems by 1,137.2% in the 3rd quarter. Invesco Ltd. now owns 366,570 shares of the semiconductor company's stock valued at $11,037,000 after purchasing an additional 336,940 shares in the last quarter. Next Century Growth Investors LLC increased its stake in Aehr Test Systems by 99.9% in the 4th quarter. Next Century Growth Investors LLC now owns 552,506 shares of the semiconductor company's stock valued at $11,155,000 after purchasing an additional 276,160 shares in the last quarter. Finally, Halter Ferguson Financial Inc. raised its holdings in Aehr Test Systems by 41.7% during the fourth quarter. Halter Ferguson Financial Inc. now owns 642,129 shares of the semiconductor company's stock worth $12,965,000 after purchasing an additional 189,117 shares during the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

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.

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.