Michael A. Brannan Sells 17,000 Shares of Aehr Test Systems (NASDAQ:AEHR) Stock

Aehr Test Systems (NASDAQ:AEHR) VP Michael A. Brannan sold 17,000 shares of Aehr Test Systems stock in a transaction on Monday, October 11th. The stock was sold at an average price of $18.80, for a total transaction of $319,600.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

AEHR stock traded up $1.20 during midday trading on Wednesday, hitting $20.46. The company’s stock had a trading volume of 5,935,179 shares, compared to its average volume of 3,068,916. Aehr Test Systems has a twelve month low of $1.15 and a twelve month high of $21.36. The company’s fifty day moving average price is $10.18 and its 200 day moving average price is $5.47. The stock has a market capitalization of $500.92 million, a P/E ratio of -227.33 and a beta of 1.46.

Aehr Test Systems (NASDAQ:AEHR) last announced its earnings results on Wednesday, September 22nd. The semiconductor company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.01. Aehr Test Systems had a negative net margin of 12.21% and a negative return on equity of 39.32%.

A number of hedge funds and other institutional investors have recently bought and sold shares of AEHR. BlackRock Inc. boosted its holdings in Aehr Test Systems by 10.9% in the 1st quarter. BlackRock Inc. now owns 80,711 shares of the semiconductor company’s stock valued at $203,000 after purchasing an additional 7,934 shares during the period. Geode Capital Management LLC raised its position in shares of Aehr Test Systems by 30.9% in the 1st quarter. Geode Capital Management LLC now owns 147,898 shares of the semiconductor company’s stock valued at $372,000 after buying an additional 34,934 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Aehr Test Systems by 430.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 70,409 shares of the semiconductor company’s stock valued at $177,000 after buying an additional 57,131 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in Aehr Test Systems during the 1st quarter worth approximately $89,000. Finally, Jane Street Group LLC acquired a new position in Aehr Test Systems during the 1st quarter worth approximately $31,000. 19.64% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently weighed in on AEHR. TheStreet raised shares of Aehr Test Systems from a “d” rating to a “c” rating in a research report on Friday, July 16th. Craig Hallum lifted their price target on shares of Aehr Test Systems from $12.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, October 8th.

Aehr Test Systems Company Profile

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.

Read More: Growth and Income Funds

Insider Buying and Selling by Quarter for Aehr Test Systems (NASDAQ:AEHR)

Receive News & Ratings for Aehr Test Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aehr Test Systems and related companies with MarketBeat.com's FREE daily email newsletter.