Aehr Test Systems (NASDAQ:AEHR) Director Sells $1,256,000.00 in Stock

Aehr Test Systems (NASDAQ:AEHR – Get Rating) Director Rhea J. Posedel sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, January 20th. The stock was sold at an average price of $31.40, for a total transaction of $1,256,000.00. Following the transaction, the director now owns 563,821 shares of the company’s stock, valued at approximately $17,703,979.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Aehr Test Systems Price Performance

Shares of NASDAQ:AEHR traded down $0.46 during mid-day trading on Tuesday, hitting $34.00. The company had a trading volume of 1,508,833 shares, compared to its average volume of 2,482,949. The firm has a fifty day moving average price of $24.51 and a 200 day moving average price of $18.73. The company has a market capitalization of $943.81 million, a PE ratio of 80.14 and a beta of 1.80. Aehr Test Systems has a one year low of $6.71 and a one year high of $35.25.

Wall Street Analyst Weigh In

Several research firms have issued reports on AEHR. StockNews.com upgraded shares of Aehr Test Systems from a “sell” rating to a “hold” rating in a report on Friday, October 7th. TheStreet lowered shares of Aehr Test Systems from a “b-” rating to a “c+” rating in a report on Tuesday, October 18th. William Blair began coverage on shares of Aehr Test Systems in a report on Monday, October 17th. They set an “outperform” rating for the company. Finally, Craig Hallum raised their price target on shares of Aehr Test Systems from $31.00 to $45.00 in a report on Friday.

Institutional Trading of Aehr Test Systems

Hedge funds have recently modified their holdings of the stock. Clearview Wealth Advisors LLC bought a new stake in shares of Aehr Test Systems in the 3rd quarter valued at $25,000. Optimum Investment Advisors bought a new stake in shares of Aehr Test Systems in the 3rd quarter valued at $35,000. BNP Paribas Arbitrage SNC bought a new stake in shares of Aehr Test Systems in the 3rd quarter valued at $68,000. Tower Research Capital LLC TRC increased its stake in shares of Aehr Test Systems by 1,568.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 6,724 shares of the semiconductor company’s stock valued at $95,000 after acquiring an additional 6,321 shares in the last quarter. Finally, Ergoteles LLC bought a new stake in shares of Aehr Test Systems in the 1st quarter valued at $117,000. Institutional investors own 42.97% of the company’s stock.

About Aehr Test Systems

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Aehr Test Systems engages in the design, manufacture and marketing of test and burn-in products to the semiconductor manufacturing industry. Its products include wafer contact test systems, test during burn-in systems, test fixtures and die carriers. The company was founded by Rhea J. Posedel on May 25, 1977 and is headquartered in Fremont, CA.