Insider Selling: Aehr Test Systems (NASDAQ:AEHR) EVP Sells 4,995 Shares of Stock

Aehr Test Systems (NASDAQ:AEHR) EVP Alberto Salamone sold 4,995 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $9.08, for a total value of $45,354.60. Following the transaction, the executive vice president now owns 56,241 shares in the company, valued at $510,668.28. This trade represents a 8.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Aehr Test Systems Price Performance

Shares of AEHR stock opened at $9.25 on Wednesday. The stock has a market capitalization of $275.38 million, a PE ratio of 12.33 and a beta of 2.21. Aehr Test Systems has a 1-year low of $6.27 and a 1-year high of $21.44. The business has a 50-day moving average of $8.39 and a 200 day moving average of $11.10.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Aehr Test Systems to a “sell” rating in a report on Tuesday.

Institutional Investors Weigh In On Aehr Test Systems

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Aehr Test Systems by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 2,183,641 shares of the semiconductor company’s stock worth $36,314,000 after buying an additional 44,881 shares during the period. Baillie Gifford & Co. lifted its stake in shares of Aehr Test Systems by 12.0% in the 4th quarter. Baillie Gifford & Co. now owns 2,023,559 shares of the semiconductor company’s stock valued at $33,652,000 after purchasing an additional 216,710 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Aehr Test Systems in the 4th quarter valued at approximately $15,307,000. Geode Capital Management LLC lifted its stake in shares of Aehr Test Systems by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 647,610 shares of the semiconductor company’s stock valued at $10,773,000 after purchasing an additional 8,461 shares during the period. Finally, Rice Hall James & Associates LLC lifted its stake in shares of Aehr Test Systems by 59.1% in the 4th quarter. Rice Hall James & Associates LLC now owns 634,391 shares of the semiconductor company’s stock valued at $10,550,000 after purchasing an additional 235,625 shares during the period. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Aehr Test Systems Company Profile

Aehr Test Systems provides test solutions for testing, burning-in, and semiconductor devices in wafer level, singulated die, and package part form, and installed systems worldwide. Its product portfolio includes FOX-XP and FOX-NP systems that are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize range of devices, including silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices.