Shares of Aehr Test Systems (NASDAQ:AEHR – Get Rating) dropped 6.3% during mid-day trading on Wednesday after an insider sold shares in the company. The stock traded as low as $32.65 and last traded at $32.75. Approximately 713,086 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 2,106,371 shares. The stock had previously closed at $34.96.
Specifically, VP Vernon Rogers sold 20,000 shares of the business’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $26.32, for a total transaction of $526,400.00. Following the transaction, the vice president now directly owns 71,129 shares in the company, valued at $1,872,115.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Aehr Test Systems news, Director Geoffrey Gates Scott sold 25,000 shares of the company’s stock in a transaction on Monday, January 30th. The stock was sold at an average price of $33.89, for a total value of $847,250.00. Following the completion of the sale, the director now directly owns 89,668 shares in the company, valued at approximately $3,038,848.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Vernon Rogers sold 20,000 shares of the firm’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $26.32, for a total value of $526,400.00. Following the completion of the sale, the vice president now directly owns 71,129 shares of the company’s stock, valued at $1,872,115.28. The disclosure for this sale can be found here. Insiders sold 391,574 shares of company stock worth $11,994,384 over the last three months. Insiders own 11.30% of the company’s stock.Get Aehr Test Systems alerts:
AEHR has been the subject of several recent analyst reports. Craig Hallum raised their price objective on shares of Aehr Test Systems from $31.00 to $45.00 in a research report on Friday, January 20th. 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. TheStreet lowered shares of Aehr Test Systems from a “b-” rating to a “c+” rating in a research report on Tuesday, October 18th. Finally, StockNews.com upgraded Aehr Test Systems from a “sell” rating to a “hold” rating in a research report on Friday, October 7th.
The stock has a market capitalization of $957.44 million, a price-to-earnings ratio of 80.21 and a beta of 1.80. The business has a 50-day moving average of $25.98 and a 200-day moving average of $19.99.
A number of institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Aehr Test Systems in the 4th quarter worth approximately $84,000. Legato Capital Management LLC acquired a new stake in shares of Aehr Test Systems in the fourth quarter valued at $1,104,000. Kestra Advisory Services LLC purchased a new stake in shares of Aehr Test Systems in the 4th quarter valued at $255,000. Chapin Davis Inc. acquired a new position in Aehr Test Systems during the 4th quarter worth about $218,000. Finally, Greenwood Capital Associates LLC increased its stake in Aehr Test Systems by 17.9% during the fourth quarter. Greenwood Capital Associates LLC now owns 31,642 shares of the semiconductor company’s stock worth $636,000 after purchasing an additional 4,802 shares during the period. 42.97% of the stock is currently owned by institutional investors and hedge funds.
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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