Aehr Test Systems (NASDAQ:AEHR) Director Howard Slayen Sells 6,819 Shares of Stock

Aehr Test Systems (NASDAQ:AEHR) Director Howard Slayen sold 6,819 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $104.73, for a total value of $714,153.87. Following the completion of the transaction, the director owned 169,709 shares of the company’s stock, valued at $17,773,623.57. The trade was a 3.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Aehr Test Systems Price Performance

AEHR stock opened at $99.50 on Friday. Aehr Test Systems has a 1-year low of $8.31 and a 1-year high of $108.75. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of -261.84 and a beta of 3.26. The business has a 50 day simple moving average of $64.54 and a two-hundred day simple moving average of $39.52.

Aehr Test Systems (NASDAQ:AEHR) last issued its quarterly earnings data on Tuesday, April 7th. The semiconductor company reported ($0.05) earnings per share (EPS) 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 business had revenue of $10.31 million for the quarter, compared to analysts’ expectations of $10.85 million. Sell-side analysts anticipate that Aehr Test Systems will post -0.31 EPS for the current fiscal year.

Institutional Trading of Aehr Test Systems

Hedge funds and other institutional investors have recently bought and sold shares of the stock. KBC Group NV purchased a new stake in Aehr Test Systems during the 1st quarter valued at $30,000. Sunbelt Securities Inc. purchased a new stake in Aehr Test Systems during the 3rd quarter valued at $27,000. Jones Financial Companies Lllp raised its holdings in Aehr Test Systems by 3,448.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,029 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 1,000 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Aehr Test Systems during the 4th quarter valued at $25,000. Finally, RiverPark Advisors LLC purchased a new stake in Aehr Test Systems during the 3rd quarter valued at $42,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. William Blair upgraded shares of Aehr Test Systems from a “market perform” rating to an “outperform” rating in a research report on Monday, March 2nd. Craig Hallum upgraded shares of Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Wednesday, April 8th. Weiss Ratings upgraded shares of Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Wall Street Zen lowered shares of Aehr Test Systems from a “sell” rating to a “strong sell” rating in a research report on Saturday. Finally, Lake Street Capital reiterated a “buy” rating on shares of Aehr Test Systems in a research report on Wednesday, April 8th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $68.00.

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.