Aehr Test Systems (NASDAQ:AEHR) Sees Large Growth in Short Interest

Aehr Test Systems (NASDAQ:AEHR) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 5,510,000 shares, an increase of 6.0% from the August 15th total of 5,200,000 shares. Based on an average daily trading volume, of 1,140,000 shares, the days-to-cover ratio is presently 4.8 days.

Aehr Test Systems Price Performance

Shares of AEHR opened at $49.15 on Tuesday. The company has a market capitalization of $1.41 billion, a PE ratio of 98.30 and a beta of 2.02. Aehr Test Systems has a one year low of $13.08 and a one year high of $54.10. The company’s fifty day moving average price is $47.34 and its 200 day moving average price is $38.42.

Aehr Test Systems (NASDAQ:AEHR) last announced its earnings results on Thursday, July 13th. The semiconductor company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. The firm had revenue of $22.27 million for the quarter, compared to the consensus estimate of $21.30 million. Aehr Test Systems had a net margin of 22.41% and a return on equity of 23.07%. Analysts anticipate that Aehr Test Systems will post 0.94 earnings per share for the current year.

Insider Buying and Selling at Aehr Test Systems

In other Aehr Test Systems news, VP Vernon Rogers sold 40,013 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $50.24, for a total value of $2,010,253.12. Following the transaction, the vice president now owns 36,441 shares in the company, valued at approximately $1,830,795.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Aehr Test Systems news, VP Vernon Rogers sold 40,013 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $50.24, for a total value of $2,010,253.12. Following the transaction, the vice president now owns 36,441 shares in the company, valued at approximately $1,830,795.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Gayn Erickson sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $45.00, for a total transaction of $2,250,000.00. Following the completion of the transaction, the chief executive officer now owns 550,033 shares in the company, valued at approximately $24,751,485. The disclosure for this sale can be found here. In the last quarter, insiders have sold 428,543 shares of company stock worth $21,567,026. 11.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new position in Aehr Test Systems in the 2nd quarter worth $26,000. Dorsey Wright & Associates acquired a new stake in Aehr Test Systems in the 4th quarter worth $27,000. Ameritas Advisory Services LLC acquired a new stake in Aehr Test Systems in the 1st quarter worth $31,000. Lazard Asset Management LLC acquired a new stake in Aehr Test Systems in the 4th quarter worth $34,000. Finally, Deutsche Bank AG acquired a new stake in Aehr Test Systems in the 1st quarter worth $40,000. Institutional investors own 67.80% of the company’s stock.

Analyst Upgrades and Downgrades

AEHR has been the topic of several analyst reports. TheStreet upgraded shares of Aehr Test Systems from a “c+” rating to a “b” rating in a research note on Tuesday, August 29th. StockNews.com initiated coverage on shares of Aehr Test Systems in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Finally, Craig Hallum increased their price target on shares of Aehr Test Systems from $45.00 to $60.00 in a research note on Friday, July 14th.

Aehr Test Systems Company Profile

Aehr Test Systems provides test solutions for testing, burning-in, and semiconductor devices in wafer level, singulated die, and package part form, and installed systems worldwide. Its product portfolio includes FOX-XP and FOX-NP systems that are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize range of devices, including silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices.