Alistair Sporck Sells 2,000 Shares of Aehr Test Systems (NASDAQ:AEHR) Stock

Aehr Test Systems (NASDAQ:AEHR) VP Alistair Sporck sold 2,000 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $100.96, for a total value of $201,920.00. Following the transaction, the vice president directly owned 23,547 shares in the company, valued at approximately $2,377,305.12. This represents a 7.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Aehr Test Systems Trading Up 3.3%

Shares of NASDAQ AEHR opened at $103.07 on Friday. Aehr Test Systems has a twelve month low of $16.38 and a twelve month high of $126.62. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of -429.44 and a beta of 3.10. The business has a 50 day simple moving average of $91.36 and a 200-day simple moving average of $68.20.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AEHR. Lake Street Capital reiterated a “buy” rating and set a $110.00 target price on shares of Aehr Test Systems in a research note 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 report on Wednesday, July 29th. Zacks Research raised shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Freedom Capital raised shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Finally, Wall Street Zen upgraded shares of Aehr Test Systems from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $117.50.

Institutional Investors Weigh In On Aehr Test Systems

Large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its holdings in shares of Aehr Test Systems by 262.7% during the first quarter. Royal Bank of Canada now owns 50,207 shares of the semiconductor company’s stock valued at $365,000 after acquiring an additional 36,364 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Aehr Test Systems by 8.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,225 shares of the semiconductor company’s stock worth $126,000 after acquiring an additional 1,344 shares during the period. JPMorgan Chase & Co. lifted its position in Aehr Test Systems by 7.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 15,576 shares of the semiconductor company’s stock valued at $201,000 after purchasing an additional 1,145 shares during the last quarter. Legal & General Group Plc lifted its position in Aehr Test Systems by 110.8% in the 2nd quarter. Legal & General Group Plc now owns 6,882 shares of the semiconductor company’s stock valued at $89,000 after purchasing an additional 3,617 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in Aehr Test Systems by 3.1% during the 2nd quarter. Rhumbline Advisers now owns 41,466 shares of the semiconductor company’s stock valued at $536,000 after purchasing an additional 1,254 shares during the period. 69.69% of the stock is 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.