Rhea Posedel Sells 8,413 Shares of Aehr Test Systems (NASDAQ:AEHR) Stock

Key Points

• Director Rhea Posedel sold 8,413 Aehr Test Systems shares for approximately $1.09 million at an average price of $130, reducing her holdings by 2.12% to 387,962 shares.
• Aehr shares fell 4.6% to $123.30, despite trading near a 12-month high and carrying a $4.02 billion market capitalization. The stock’s beta of 3.10 indicates relatively high volatility.
• Analysts maintain a consensus “Buy” rating with a $117.50 price target, while institutional investors own 69.69% of the company’s shares.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) Director Rhea Posedel sold 8,413 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $130.00, for a total value of $1,093,690.00. Following the sale, the director owned 387,962 shares in the company, valued at approximately $50,435,060. This represents a 2.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Aehr Test Systems Stock Down 4.6%

AEHR traded down $5.93 during trading on Thursday, reaching $123.30. 3,009,691 shares of the company were exchanged, compared to its average volume of 2,430,740. Aehr Test Systems has a 12-month low of $16.38 and a 12-month high of $133.35. The company's 50-day moving average is $91.98 and its two-hundred day moving average is $70.33. The company has a market cap of $4.02 billion, a price-to-earnings ratio of -513.73 and a beta of 3.10.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Zacks Research upgraded Aehr Test Systems from a "hold" rating to a "strong-buy" rating in a report on Friday, July 17th. Craig Hallum restated a "buy" rating and issued a $125.00 target price on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Lake Street Capital reiterated a "buy" rating and set a $110.00 price target on shares of Aehr Test Systems in a research 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 note on Wednesday, July 29th. Finally, Wall Street Zen raised shares of Aehr Test Systems from a "sell" rating to a "hold" rating in a research note on Saturday, July 18th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Aehr Test Systems currently has a consensus rating of "Buy" and a consensus price target of $117.50.

Hedge Funds Weigh In On Aehr Test Systems

Several hedge funds and other institutional investors have recently modified their holdings of AEHR. Vanguard Group Inc. raised its position in Aehr Test Systems by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 2,337,433 shares of the semiconductor company's stock valued at $47,193,000 after purchasing an additional 49,243 shares during the last quarter. Halter Ferguson Financial Inc. grew its position in shares of Aehr Test Systems by 41.7% in the 4th quarter. Halter Ferguson Financial Inc. now owns 642,129 shares of the semiconductor company's stock worth $12,965,000 after buying an additional 189,117 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Aehr Test Systems during the fourth quarter valued at approximately $377,000. UBS Group AG increased its stake in shares of Aehr Test Systems by 55.7% during the fourth quarter. UBS Group AG now owns 243,129 shares of the semiconductor company's stock valued at $4,909,000 after buying an additional 87,014 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Aehr Test Systems during the fourth quarter valued at approximately $407,000. 69.69% of the stock is owned by 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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