Aehr Test Systems (NASDAQ:AEHR) Short Interest Update

Aehr Test Systems (NASDAQ:AEHR – Get Rating) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totalling 4,640,000 shares, a decrease of 10.1% from the April 15th total of 5,160,000 shares. Based on an average trading volume of 1,430,000 shares, the short-interest ratio is currently 3.2 days.

Insider Activity at Aehr Test Systems

In related news, VP Alistair N. Sporck sold 960 shares of the company’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $27.08, for a total value of $25,996.80. Following the transaction, the vice president now directly owns 12,651 shares in the company, valued at $342,589.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Aehr Test Systems news, CEO Gayn Erickson sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, March 23rd. The stock was sold at an average price of $40.00, for a total value of $2,000,000.00. Following the sale, the chief executive officer now owns 569,064 shares of the company’s stock, valued at $22,762,560. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Alistair N. Sporck sold 960 shares of the business’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $27.08, for a total value of $25,996.80. Following the completion of the sale, the vice president now directly owns 12,651 shares in the company, valued at approximately $342,589.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 105,960 shares of company stock worth $3,752,797. Insiders own 11.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of AEHR. Renaissance Technologies LLC boosted its holdings in Aehr Test Systems by 718.1% during the first quarter. Renaissance Technologies LLC now owns 294,500 shares of the semiconductor company’s stock worth $9,135,000 after buying an additional 258,500 shares in the last quarter. Stifel Financial Corp bought a new stake in shares of Aehr Test Systems in the first quarter worth about $398,000. Axiom Investors LLC DE bought a new stake in shares of Aehr Test Systems in the first quarter worth about $2,302,000. BlackRock Inc. increased its holdings in Aehr Test Systems by 3.3% during the 1st quarter. BlackRock Inc. now owns 517,990 shares of the semiconductor company’s stock worth $16,068,000 after purchasing an additional 16,652 shares in the last quarter. Finally, Mirabella Financial Services LLP bought a new stake in Aehr Test Systems during the 1st quarter worth approximately $869,000. Institutional investors own 42.97% of the company’s stock.

Aehr Test Systems Price Performance

Shares of AEHR opened at $27.67 on Monday. The firm has a 50 day simple moving average of $30.06 and a 200-day simple moving average of $28.10. Aehr Test Systems has a 1-year low of $6.71 and a 1-year high of $40.69. The stock has a market cap of $784.11 million, a price-to-earnings ratio of 56.47 and a beta of 1.97.

Aehr Test Systems (NASDAQ:AEHR – Get Rating) last announced its quarterly earnings data on Thursday, March 30th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). The company had revenue of $17.21 million for the quarter, compared to analysts’ expectations of $17.00 million. Aehr Test Systems had a net margin of 22.61% and a return on equity of 24.98%. During the same period in the prior year, the firm earned $0.11 earnings per share. On average, equities analysts expect that Aehr Test Systems will post 0.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on the company. StockNews.com raised Aehr Test Systems from a “sell” rating to a “hold” rating in a research report on Friday. TheStreet lowered Aehr Test Systems from a “b-” rating to a “c+” rating in a research report on Monday, April 3rd. Finally, Craig Hallum upped their price objective on Aehr Test Systems from $31.00 to $45.00 in a research report on Friday, January 20th.

About Aehr Test Systems

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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.