Aehr Test Systems (NASDAQ:AEHR) Reaches New 52-Week High at $30.74

Aehr Test Systems (NASDAQ:AEHR – Get Rating) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $30.74 and last traded at $30.68, with a volume of 4260 shares changing hands. The stock had previously closed at $28.43.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AEHR shares. TheStreet downgraded Aehr Test Systems from a “b-” rating to a “c+” rating in a research note on Tuesday, October 18th. StockNews.com upgraded Aehr Test Systems from a “sell” rating to a “hold” rating in a research note 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.

Aehr Test Systems Trading Down 3.6 %

The firm has a market capitalization of $771.15 million, a P/E ratio of 64.60 and a beta of 1.80. The company has a 50 day moving average of $24.17 and a 200-day moving average of $18.20.

Insider Buying and Selling at Aehr Test Systems

In other Aehr Test Systems news, CEO Gayn Erickson sold 69,690 shares of Aehr Test Systems stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 608,051 shares of the company’s stock, valued at approximately $15,748,520.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Laura Oliphant sold 5,806 shares of the business’s stock in a transaction on Monday, October 24th. The stock was sold at an average price of $22.00, for a total transaction of $127,732.00. Following the completion of the transaction, the director now owns 22,366 shares of the company’s stock, valued at approximately $492,052. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gayn Erickson sold 69,690 shares of the business’s stock in a transaction 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 approximately $15,748,520.90. The disclosure for this sale can be found here. Insiders sold 225,824 shares of company stock valued at $6,012,267 in the last three months. Corporate insiders own 11.30% of the company’s stock.

Hedge Funds Weigh In On Aehr Test Systems

A number of institutional investors have recently modified their holdings of the business. AWM Investment Company Inc. raised its holdings in shares of Aehr Test Systems by 16.7% during the 2nd quarter. AWM Investment Company Inc. now owns 1,647,319 shares of the semiconductor company’s stock worth $12,355,000 after buying an additional 236,329 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Aehr Test Systems by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 1,207,181 shares of the semiconductor company’s stock worth $12,265,000 after buying an additional 64,226 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Aehr Test Systems by 49.4% during the 1st quarter. Renaissance Technologies LLC now owns 766,800 shares of the semiconductor company’s stock worth $7,791,000 after buying an additional 253,700 shares in the last quarter. Oberweis Asset Management Inc. raised its holdings in shares of Aehr Test Systems by 190.0% during the 3rd quarter. Oberweis Asset Management Inc. now owns 508,339 shares of the semiconductor company’s stock worth $7,168,000 after buying an additional 333,039 shares in the last quarter. Finally, Ameritas Advisory Services LLC raised its holdings in shares of Aehr Test Systems by 11.0% during the 3rd quarter. Ameritas Advisory Services LLC now owns 470,283 shares of the semiconductor company’s stock worth $6,631,000 after buying an additional 46,636 shares in the last quarter. Institutional investors and hedge funds own 42.97% of the company’s stock.

Aehr Test Systems Company Profile

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Aehr Test Systems provides test systems for burning-in semiconductor devices in wafer level, singulated die, and package part form worldwide. Its products include ABTS system that is used in the production and qualification testing of packaged parts for lower power and higher power logic devices, as well as for common types of memory devices; and FOX-XP and FOX-NP systems that are full wafer contact and singulated die/module test and burn-in systems for burn-in and functional test of complex devices, such as leading-edge silicon carbide-based power semiconductors, memories, digital signal processors, microprocessors, microcontrollers, systems-on-a-chip, and integrated optical devices.