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Insider Selling: Aehr Test Systems (NASDAQ:AEHR) Director Sells $125,000.00 in Stock

Defense World ·  Aug 7, 2022 06:51

Aehr Test Systems (NASDAQ:AEHR – Get Rating) Director Howard T. Slayen sold 10,000 shares of the company's stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $12.50, for a total transaction of $125,000.00. Following the completion of the sale, the director now directly owns 210,762 shares of the company's stock, valued at $2,634,525. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Aehr Test Systems Stock Up 0.3 %

Aehr Test Systems stock opened at $14.93 on Friday. Aehr Test Systems has a twelve month low of $5.08 and a twelve month high of $27.09. The firm has a 50 day moving average price of $9.14 and a 200-day moving average price of $9.91. The company has a market capitalization of $401.92 million, a P/E ratio of 43.91 and a beta of 1.67.

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Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Aehr Test Systems from a "hold" rating to a "sell" rating in a research report on Saturday.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. McCarthy Asset Management Inc. grew its position in shares of Aehr Test Systems by 100.3% during the 1st quarter. McCarthy Asset Management Inc. now owns 4,006 shares of the semiconductor company's stock valued at $41,000 after acquiring an additional 2,006 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of Aehr Test Systems during the 4th quarter valued at approximately $53,000. San Luis Wealth Advisors LLC purchased a new stake in shares of Aehr Test Systems during the 1st quarter valued at approximately $62,000. Ergoteles LLC purchased a new stake in shares of Aehr Test Systems during the 1st quarter valued at approximately $117,000. Finally, Clear Sky Advisers LLC purchased a new stake in shares of Aehr Test Systems during the 1st quarter valued at approximately $183,000. 41.14% of the stock is owned by institutional investors.

Aehr Test Systems Company Profile

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Aehr Test Systems provides test systems for burning-in and testing logic, optical, and memory integrated circuits worldwide. It offers products, such as the ABTS and FOX-P families of test and burn-in systems and FOX WaferPak Aligner, FOX-XP WaferPak Contactor, FOX DiePak Carrier, and FOX DiePak Loader.

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