Aehr Test Systems (NASDAQ:AEHR) Shares Gap Down – Here’s Why

Aehr Test Systems (NASDAQ:AEHR) shares gapped down prior to trading on Monday . The stock had previously closed at $101.73, but opened at $95.76. Aehr Test Systems shares last traded at $93.5310, with a volume of 425,543 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AEHR. Craig Hallum reissued a “buy” rating and set a $125.00 target price on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Wall Street Zen upgraded shares of Aehr Test Systems from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Freedom Capital upgraded Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. 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, Zacks Research upgraded Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Aehr Test Systems has an average rating of “Buy” and a consensus target price of $136.67.

Aehr Test Systems Price Performance

The company has a market cap of $3.12 billion, a price-to-earnings ratio of -398.28 and a beta of 3.10. The stock has a 50-day moving average price of $94.05 and a 200 day moving average price of $75.92.

Insiders Place Their Bets

In other Aehr Test Systems news, COO Adil Engineer sold 15,000 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $131.02, for a total transaction of $1,965,300.00. Following the completion of the transaction, the chief operating officer owned 46,977 shares in the company, valued at approximately $6,154,926.54. This represents a 24.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rhea J. Posedel sold 5,973 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $140.00, for a total value of $836,220.00. Following the completion of the sale, the director owned 381,989 shares in the company, valued at approximately $53,478,460. This trade represents a 1.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 109,475 shares of company stock worth $13,827,160 in the last ninety days. 6.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Advocate Investing Services LLC bought a new stake in Aehr Test Systems in the 2nd quarter valued at $26,000. Nykredit A S acquired a new stake in Aehr Test Systems during the second quarter worth about $28,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Aehr Test Systems during the 2nd quarter worth approximately $34,000. Millennium Management LLC increased its stake in shares of Aehr Test Systems by 0.8% in the 4th quarter. Millennium Management LLC now owns 59,219 shares of the semiconductor company’s stock valued at $1,196,000 after purchasing an additional 492 shares during the last quarter. Finally, KBC Group NV bought a new position in Aehr Test Systems in the first quarter valued at about $30,000. 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.