Short Interest in Aehr Test Systems (NASDAQ:AEHR) Drops By 10.3%

Aehr Test Systems (NASDAQ:AEHR) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totalling 5,810,000 shares, a decline of 10.3% from the May 31st total of 6,480,000 shares. Based on an average daily volume of 991,800 shares, the short-interest ratio is currently 5.9 days.

Institutional Trading of Aehr Test Systems

A number of institutional investors and hedge funds have recently modified their holdings of the company. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Aehr Test Systems in the first quarter worth $109,000. Kennedy Capital Management LLC acquired a new position in Aehr Test Systems during the 1st quarter valued at $1,136,000. Silvercrest Asset Management Group LLC raised its stake in Aehr Test Systems by 4.5% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 148,431 shares of the semiconductor company’s stock valued at $1,841,000 after purchasing an additional 6,414 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Aehr Test Systems by 6.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,018 shares of the semiconductor company’s stock valued at $199,000 after purchasing an additional 961 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Aehr Test Systems by 39.0% during the 1st quarter. Vanguard Group Inc. now owns 2,097,712 shares of the semiconductor company’s stock valued at $26,012,000 after purchasing an additional 588,953 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on AEHR. Craig Hallum reissued a “hold” rating and issued a $12.00 target price on shares of Aehr Test Systems in a research report on Tuesday, March 26th. StockNews.com downgraded shares of Aehr Test Systems from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. Finally, William Blair reissued a “market perform” rating on shares of Aehr Test Systems in a research report on Monday, March 25th.

Aehr Test Systems Trading Up 0.5 %

Shares of Aehr Test Systems stock opened at $11.17 on Monday. The firm has a fifty day simple moving average of $11.71 and a 200-day simple moving average of $15.40. Aehr Test Systems has a 1-year low of $9.83 and a 1-year high of $54.10. The stock has a market capitalization of $323.04 million, a price-to-earnings ratio of 21.48 and a beta of 2.01.

Aehr Test Systems (NASDAQ:AEHR) last issued its quarterly earnings data on Tuesday, April 9th. The semiconductor company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. Aehr Test Systems had a net margin of 21.43% and a return on equity of 18.70%. The business had revenue of $7.56 million during the quarter, compared to analysts’ expectations of $7.60 million. As a group, research analysts predict that Aehr Test Systems will post 0.4 earnings per share for the current year.

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.