Aehr Test Systems (NASDAQ:AEHR – Get Rating) Director Rhea J. Posedel sold 40,000 shares of the business’s stock in a transaction dated Friday, January 20th. The shares were sold at an average price of $31.40, for a total value of $1,256,000.00. Following the transaction, the director now owns 563,821 shares in the company, valued at $17,703,979.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
NASDAQ AEHR opened at $34.00 on Wednesday. The stock’s 50 day moving average is $24.67 and its two-hundred day moving average is $18.91. The company has a market capitalization of $943.81 million, a price-to-earnings ratio of 79.07 and a beta of 1.80. Aehr Test Systems has a 1-year low of $6.71 and a 1-year high of $35.25.
Get Aehr Test Systems alerts:AEHR has been the topic of several research reports. StockNews.com upgraded Aehr Test Systems from a “sell” rating to a “hold” rating in a research note on Friday, October 7th. TheStreet downgraded Aehr Test Systems from a “b-” rating to a “c+” rating in a report on Tuesday, October 18th. Craig Hallum lifted their price objective on Aehr Test Systems from $31.00 to $45.00 in a report on Friday, January 20th. Finally, William Blair initiated coverage on Aehr Test Systems in a report on Monday, October 17th. They set an “outperform” rating on the stock.
Several institutional investors and hedge funds have recently modified their holdings of AEHR. Clearview Wealth Advisors LLC acquired a new position in shares of Aehr Test Systems in the 3rd quarter worth approximately $25,000. Optimum Investment Advisors acquired a new position in shares of Aehr Test Systems in the 3rd quarter worth approximately $35,000. BNP Paribas Arbitrage SNC acquired a new position in shares of Aehr Test Systems in the 3rd quarter worth approximately $68,000. Tower Research Capital LLC TRC boosted its holdings 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 worth $95,000 after acquiring an additional 6,321 shares in the last quarter. Finally, Ergoteles LLC acquired a new position in shares of Aehr Test Systems in the 1st quarter worth approximately $117,000. 42.97% of the stock is owned by institutional investors and hedge funds.
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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.
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