Aehr Test Systems (NASDAQ:AEHR – Get Rating) Director Mario M. Rosati sold 27,943 shares of the stock in a transaction on Monday, February 6th. The stock was sold at an average price of $36.31, for a total value of $1,014,610.33. Following the completion of the sale, the director now owns 98,083 shares in the company, valued at approximately $3,561,393.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
AEHR opened at $34.34 on Thursday. The business’s fifty day simple moving average is $26.94 and its 200 day simple moving average is $20.87. Aehr Test Systems has a 52 week low of $6.71 and a 52 week high of $37.57. The stock has a market cap of $953.28 million, a PE ratio of 79.86 and a beta of 2.03.
Get Aehr Test Systems alerts:A number of equities analysts have weighed in on the company. William Blair assumed coverage on Aehr Test Systems in a research note on Monday, October 17th. They issued an “outperform” rating on the stock. TheStreet downgraded shares of Aehr Test Systems from a “b-” rating to a “c+” rating in a research note on Tuesday, October 18th. Finally, Craig Hallum lifted their target price on shares of Aehr Test Systems from $31.00 to $45.00 in a research report on Friday, January 20th.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Clearview Wealth Advisors LLC purchased a new position in shares of Aehr Test Systems during the 3rd quarter valued at about $25,000. Optimum Investment Advisors purchased a new position in shares of Aehr Test Systems during the third quarter worth approximately $35,000. BNP Paribas Arbitrage SNC bought a new stake in shares of Aehr Test Systems in the 3rd quarter worth approximately $68,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Aehr Test Systems in the 4th quarter valued at $84,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Aehr Test Systems by 1,568.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 6,724 shares of the semiconductor company’s stock valued at $95,000 after purchasing an additional 6,321 shares during the last quarter. 42.97% of the stock is currently owned by hedge funds and other institutional investors.
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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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