The stock of Aehr Test Systems (NASDAQ:AEHR) hit a new 52-week high and has $8.74 target or 157.00% above today’s $3.40 share price. The 7 months bullish chart indicates low risk for the $57.61M company. The 1-year high was reported on Oct, 31 by Barchart.com. If the $8.74 price target is reached, the company will be worth $90.45M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 46,338 shares traded hands. Aehr Test Systems (NASDAQ:AEHR) has risen 179.66% since March 29, 2016 and is uptrending. It has outperformed by 176.19% the S&P500.
According to Zacks Investment Research, “Aehr Test Systems develops, manufactures and sells systems which are designed to reduce the cost of testing DRAMs and other memory devices, perform reliability screening or burn-in of complex logic and memory devices, and enable IC manufacturers to perform test and burn-in of bare die. Leveraging its expertise as a long-time leading provider of burn-in equipment, with over 2,000 systems installed worldwide, the Company has developed and introduced two innovative product families, the MTX system and the DiePak-Registered Trademark- carrier.”
Insitutional Activity: The institutional sentiment decreased to 0.5 in 2016 Q2. Its down 0.50, from 1 in 2016Q1. The ratio fall, as 2 funds sold all Aehr Test Systems shares owned while 4 reduced positions. 1 funds bought stakes while 2 increased positions. They now own 289,127 shares or 9.15% less from 318,256 shares in 2016Q1.
Moreover, Minerva Advsr Ltd Llc has 0.06% invested in Aehr Test Systems (NASDAQ:AEHR) for 58,702 shares. Tower Rech Cap Lc (Trc) accumulated 0% or 1,330 shares. Vanguard Grp accumulated 0% or 108,102 shares. Blackrock Fund Advisors has 2,586 shares for 0% of their US portfolio. Renaissance Technology Ltd Llc has invested 0% of its portfolio in Aehr Test Systems (NASDAQ:AEHR). Morgan Stanley accumulated 0% or 19,669 shares. Geode Capital Mngmt Ltd Liability Corp holds 0% of its portfolio in Aehr Test Systems (NASDAQ:AEHR) for 12,126 shares. Citadel Advisors Ltd Com accumulated 0% or 12,012 shares.
Insider Transactions: Since August 10, 2016, the stock had 0 buys, and 17 selling transactions for $1.54 million net activity. Erickson Gayn had sold 20,000 shares worth $58,026 on Monday, October 10. BUCK CARL N also sold $12,723 worth of Aehr Test Systems (NASDAQ:AEHR) on Friday, October 7. POSEDEL RHEA J sold 1,925 shares worth $6,033. $55,900 worth of Aehr Test Systems (NASDAQ:AEHR) shares were sold by HENDRICKSON DAVID S. 5,100 Aehr Test Systems (NASDAQ:AEHR) shares with value of $9,458 were sold by ELDER WILLIAM W R. 187,877 shares were sold by Schneider John M., worth $582,938 on Monday, October 24.
More notable recent Aehr Test Systems (NASDAQ:AEHR) news were published by: Reuters.com which released: “BRIEF-AEHR Test Systems files for resale of up to 2.7 mln shares by stockh…” on October 25, 2016, also Marketwatch.com with their article: “/quotes/zigman/3870025/realtime” published on August 13, 2009, Streetinsider.com published: “Form 4 AEHR TEST SYSTEMS For: Oct 24 Filed by: Schneider John M.” on October 26, 2016. More interesting news about Aehr Test Systems (NASDAQ:AEHR) were released by: Seekingalpha.com and their article: “Aehr Test Systems’ (AEHR) CEO Gayn Erickson on Q1 2017 Results – Earnings Call …” published on September 30, 2016 as well as Seekingalpha.com‘s news article titled: “Aehr Test Systems’ (AEHR) CEO Gayn Erickson on Q4 2016 Results – Earnings Call …” with publication date: July 27, 2016.
AEHR Company Profile
Aehr Test Systems, incorporated on May 25, 1977, is engaged in the designing, manufacturing and marketing of advanced test and burn-in products to the semiconductor manufacturing industry. The Firm makes and markets full wafer contact test systems, test during burn-in systems, test fixtures, die carriers and related accessories. The Company’s principal products are the Advanced Burn-In and Test System (ABTS), the FOX full wafer contact parallel test and burn-in systems, WaferPak full wafer contactor, the DiePak carrier and test fixtures. The Firm develops, makes and sells systems, which are designed to perform reliability screening, or burn-in, of complex logic devices, memory integrated circuits (ICs), sensors and optical devices. These systems can be used to perform parallel testing and burn-in of packaged ICs, singulated bare die or ICs still in wafer form.
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