Aehr Test Systems (NASDAQ:AEHR) Short Interest Update

Aehr Test Systems (NASDAQ:AEHR) saw a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 6,250,000 shares, an increase of 15.1% from the October 15th total of 5,430,000 shares. Based on an average daily trading volume, of 1,160,000 shares, the short-interest ratio is presently 5.4 days.

Analysts Set New Price Targets

Separately, StockNews.com cut Aehr Test Systems from a “hold” rating to a “sell” rating in a report on Saturday, October 5th.

Aehr Test Systems Stock Down 4.0 %

Aehr Test Systems stock opened at $10.78 on Friday. The company has a fifty day simple moving average of $13.37 and a 200-day simple moving average of $13.43. The firm has a market capitalization of $319.41 million, a price-to-earnings ratio of 10.94 and a beta of 2.03. Aehr Test Systems has a 52-week low of $9.83 and a 52-week high of $30.50.

Aehr Test Systems (NASDAQ:AEHR) last posted its quarterly earnings results on Thursday, October 10th. The semiconductor company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. The firm had revenue of $13.12 million for the quarter, compared to analyst estimates of $11.90 million. Aehr Test Systems had a net margin of 49.63% and a return on equity of 29.31%. On average, research analysts anticipate that Aehr Test Systems will post 0.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Aehr Test Systems

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets grew its holdings in Aehr Test Systems by 33.2% in the 1st quarter. BNP Paribas Financial Markets now owns 24,683 shares of the semiconductor company’s stock valued at $306,000 after buying an additional 6,150 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Aehr Test Systems by 39.0% in the first 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 period. Price T Rowe Associates Inc. MD increased its position in Aehr Test Systems by 6.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,018 shares of the semiconductor company’s stock worth $199,000 after purchasing an additional 961 shares during the last quarter. Silvercrest Asset Management Group LLC raised its stake in Aehr Test Systems by 4.5% during the first quarter. Silvercrest Asset Management Group LLC now owns 148,431 shares of the semiconductor company’s stock worth $1,841,000 after purchasing an additional 6,414 shares during the period. Finally, Kennedy Capital Management LLC acquired a new position in Aehr Test Systems in the 1st quarter valued at about $1,136,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

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.