The stock of Aehr Test Systems (NASDAQ:AEHR) is a huge mover today! The stock increased 4.55% or $0.15 on October 31, hitting $3.45. About 165,097 shares traded hands or 34.92% up from the average. 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.
The move comes after 7 months positive chart setup for the $58.38 million company. It was reported on Oct, 31 by Barchart.com. We have $7.94 PT which if reached, will make NASDAQ:AEHR worth $75.89 million more.
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 worsened, 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.
Minerva Advsrs Limited Liability Com holds 0.06% or 58,702 shares in its portfolio. Geode Cap Mngmt Lc has 12,126 shares for 0% of their US portfolio. The New York-based Renaissance Technologies Lc has invested 0% in Aehr Test Systems (NASDAQ:AEHR). Morgan Stanley accumulated 19,669 shares or 0% of the stock. Blackrock Fund Advsrs holds 0% or 2,586 shares in its portfolio. Vanguard Grp Incorporated Inc last reported 0% of its portfolio in the stock. Tower Cap Lc (Trc) holds 1,330 shares or 0% of its portfolio. Citadel Advsr reported 12,012 shares or 0% of all its holdings.
Insider Transactions: Since August 10, 2016, the stock had 0 insider purchases, and 17 sales for $1.54 million net activity. 187,877 Aehr Test Systems (NASDAQ:AEHR) shares with value of $582,938 were sold by Schneider John M.. Another trade for 1,000 shares valued at $3,080 was made by BUCK CARL N on Monday, October 24. ELDER WILLIAM W R also sold $9,458 worth of Aehr Test Systems (NASDAQ:AEHR) shares. HENDRICKSON DAVID S also sold $55,900 worth of Aehr Test Systems (NASDAQ:AEHR) on Friday, October 14. POSEDEL RHEA J sold $6,033 worth of stock. Shares for $58,026 were sold by Erickson Gayn on Monday, October 10.
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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