Aehr Test Systems (NASDAQ:AEHR – Get Rating) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 1,510,000 shares, a growth of 49.5% from the July 15th total of 1,010,000 shares. Based on an average daily volume of 610,400 shares, the days-to-cover ratio is currently 2.5 days.
Insider Activity at Aehr Test Systems
In related news, Director Howard T. Slayen sold 10,000 shares of the company's stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $14.75, for a total value of $147,500.00. Following the completion of the sale, the director now owns 200,762 shares in the company, valued at $2,961,239.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Aehr Test Systems news, Director Howard T. Slayen sold 10,000 shares of the stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $14.75, for a total value of $147,500.00. Following the completion of the sale, the director now directly owns 200,762 shares in the company, valued at $2,961,239.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kenneth B. Spink sold 6,819 shares of the stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $15.67, for a total value of $106,853.73. Following the completion of the sale, the chief financial officer now owns 172,380 shares of the company's stock, valued at $2,701,194.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,819 shares of company stock worth $379,354. 19.50% of the stock is owned by insiders.
Get Aehr Test Systems alerts:Institutional Trading of Aehr Test Systems
A number of hedge funds have recently made changes to their positions in the business. Advisor Group Holdings Inc. lifted its position in shares of Aehr Test Systems by 2.2% in the fourth quarter. Advisor Group Holdings Inc. now owns 68,942 shares of the semiconductor company's stock valued at $1,668,000 after buying an additional 1,457 shares during the last quarter. McCarthy Asset Management Inc. lifted its holdings in Aehr Test Systems by 100.3% during the 1st quarter. McCarthy Asset Management Inc. now owns 4,006 shares of the semiconductor company's stock worth $41,000 after purchasing an additional 2,006 shares during the last quarter. San Luis Wealth Advisors LLC acquired a new stake in Aehr Test Systems during the 1st quarter worth approximately $62,000. Heritage Investors Management Corp lifted its holdings in Aehr Test Systems by 5.2% during the 2nd quarter. Heritage Investors Management Corp now owns 60,498 shares of the semiconductor company's stock worth $454,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Aehr Test Systems by 7.9% during the 1st quarter. Northern Trust Corp now owns 41,440 shares of the semiconductor company's stock worth $421,000 after purchasing an additional 3,036 shares during the last quarter. 41.14% of the stock is owned by institutional investors and hedge funds.
Aehr Test Systems Stock Performance
Shares of NASDAQ AEHR opened at $16.43 on Friday. The stock has a 50 day moving average price of $9.76 and a 200 day moving average price of $10.06. Aehr Test Systems has a 52 week low of $5.08 and a 52 week high of $27.09. The stock has a market capitalization of $442.34 million, a PE ratio of 48.32 and a beta of 1.67.Aehr Test Systems (NASDAQ:AEHR – Get Rating) last issued its quarterly earnings results on Tuesday, July 19th. The semiconductor company reported $0.20 EPS for the quarter. Aehr Test Systems had a return on equity of 26.53% and a net margin of 18.59%. The firm had revenue of $20.29 million during the quarter.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded Aehr Test Systems from a "hold" rating to a "sell" rating in a report on Saturday, August 6th.
Aehr Test Systems Company Profile
(Get Rating)
Aehr Test Systems provides test systems for burning-in and testing logic, optical, and memory integrated circuits worldwide. It offers products, such as the ABTS and FOX-P families of test and burn-in systems and FOX WaferPak Aligner, FOX-XP WaferPak Contactor, FOX DiePak Carrier, and FOX DiePak Loader.
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