Aehr Test Systems (NASDAQ:AEHR – Get Rating) shot up 8.1% during mid-day trading on Friday after Craig Hallum raised their price target on the stock from $31.00 to $45.00. The company traded as high as $30.35 and last traded at $30.03. 32,522 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 2,525,723 shares. The stock had previously closed at $27.78.
Several other research firms also recently issued reports on AEHR. TheStreet downgraded shares of Aehr Test Systems from a “b-” rating to a “c+” rating in a research note on Tuesday, October 18th. StockNews.com raised Aehr Test Systems from a “sell” rating to a “hold” rating in a report on Friday, October 7th. Finally, William Blair started coverage on Aehr Test Systems in a research note on Monday, October 17th. They issued an “outperform” rating for the company.
Get Aehr Test Systems alerts:In related news, CEO Gayn Erickson sold 69,690 shares of Aehr Test Systems stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $25.90, for a total transaction of $1,804,971.00. Following the completion of the transaction, the chief executive officer now owns 608,051 shares of the company’s stock, valued at $15,748,520.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Aehr Test Systems news, CEO Gayn Erickson sold 69,690 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $25.90, for a total value of $1,804,971.00. Following the transaction, the chief executive officer now directly owns 608,051 shares of the company’s stock, valued at $15,748,520.90. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mario M. Rosati sold 17,291 shares of the firm’s stock in a transaction that occurred on Friday, January 13th. The stock was sold at an average price of $28.64, for a total transaction of $495,214.24. Following the sale, the director now directly owns 50,067 shares of the company’s stock, valued at approximately $1,433,918.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 225,824 shares of company stock valued at $6,012,267. 11.30% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its position in Aehr Test Systems by 71.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 71,671 shares of the semiconductor company’s stock valued at $1,011,000 after buying an additional 29,843 shares in the last quarter. Weiss Asset Management LP bought a new stake in shares of Aehr Test Systems during the third quarter valued at approximately $2,420,000. D L Carlson Investment Group Inc. acquired a new position in shares of Aehr Test Systems during the third quarter worth approximately $3,127,000. BNP Paribas Arbitrage SNC bought a new position in shares of Aehr Test Systems in the 3rd quarter worth $68,000. Finally, State Street Corp lifted its stake in shares of Aehr Test Systems by 4.9% in the third quarter. State Street Corp now owns 77,356 shares of the semiconductor company’s stock valued at $1,091,000 after buying an additional 3,600 shares in the last quarter. Institutional investors own 42.97% of the company’s stock.
The business’s fifty day moving average price is $24.31 and its 200-day moving average price is $18.46. The stock has a market capitalization of $885.51 million, a price-to-earnings ratio of 74.19 and a beta of 1.80.
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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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