Fintel reports that Fmr has filed a 13G/A form with the SEC disclosing ownership of 1.29MM shares of Aehr Test Systems (AEHR). This represents 4.692% of the company.
In their previous filing dated February 9, 2022 they reported 1.85MM shares and 6.96% of the company, a decrease in shares of 30.20% and a decrease in total ownership of 2.27% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 7.92% Downside
As of February 8, 2023, the average one-year price target for Aehr Test Systems is $31.62. The forecasts range from a low of $31.31 to a high of $32.55. The average price target represents a decrease of 7.92% from its latest reported closing price of $34.34.
The projected annual revenue for Aehr Test Systems is $69MM, an increase of 12.87%. The projected annual EPS is $0.55, an increase of 21.16%.
What is the Fund Sentiment?
There are 151 funds or institutions reporting positions in Aehr Test Systems. This is an increase of 30 owner(s) or 24.79% in the last quarter. Average portfolio weight of all funds dedicated to AEHR is 0.27%, an increase of 178.33%. Total shares owned by institutions increased in the last three months by 37.25% to 13,398K shares. The put/call ratio of AEHR is 0.59, indicating a bullish outlook.
What are large shareholders doing?
AWM Investment holds 1,648K shares representing 5.94% ownership of the company. In it's prior filing, the firm reported owning 1,647K shares, representing an increase of 0.06%. The firm increased its portfolio allocation in AEHR by 81.56% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 766K shares representing 2.76% ownership of the company. In it's prior filing, the firm reported owning 683K shares, representing an increase of 10.83%. The firm increased its portfolio allocation in AEHR by 119.76% over the last quarter.
FCPGX - Fidelity Small Cap Growth Fund holds 599K shares representing 2.16% ownership of the company. In it's prior filing, the firm reported owning 605K shares, representing a decrease of 0.99%. The firm increased its portfolio allocation in AEHR by 86.02% over the last quarter.
Oberweis Asset Management holds 508K shares representing 1.83% ownership of the company. In it's prior filing, the firm reported owning 175K shares, representing an increase of 65.52%. The firm increased its portfolio allocation in AEHR by 404.08% over the last quarter.
Ameritas Advisory Services holds 470K shares representing 1.69% ownership of the company. In it's prior filing, the firm reported owning 424K shares, representing an increase of 9.92%. The firm increased its portfolio allocation in AEHR by 115.66% over the last quarter.
Aehr Test Systems Background Information
(This description is provided by the company.)
Headquartered in Fremont, California, Aehr Test Systems is a worldwide provider of test systems for burning-in and testing logic, optical and memory integrated circuits and has over 2,500 systems installed worldwide. Increased quality and reliability needs of the Automotive and Mobility integrated circuit markets are driving additional test requirements, incremental capacity needs, and new opportunities for Aehr Test products in package, wafer level, and singulated die/module level test. Aehr Test has developed and introduced several innovative products, including the ABTSTM and FOX-PTM families of test and burn-in systems and FOX WaferPakTM Aligner, FOX-XP WaferPak Contactor, FOX DiePak® Carrier and FOX DiePak Loader. The ABTS system is used in production and qualification testing of packaged parts for both lower power and higher power logic devices as well as all common types of memory devices. The FOX-XP and FOX-NP systems are full wafer contact and singulated die/module test and burn-in systems used for burn-in and functional test of complex devices, such as leading-edge memories, digital signal processors, microprocessors, microcontrollers, systems-on-a-chip, and integrated optical devices. The FOX-CP system is a new low-cost single-wafer compact test and reliability verification solution for logic, memory and photonic devices and the newest addition to the FOX-P product family. The WaferPak contactor contains a unique full wafer probe card capable of testing wafers up to 300mm that enables IC manufacturers to perform test and burn-in of full wafers on Aehr Test FOX systems. The DiePak Carrier is a reusable, temporary package that enables IC manufacturers to perform cost-effective final test and burn-in of both bare die and modules.
This story originally appeared on Fintel.
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