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Aehr Test Systems (NASD:AEHR) How Long Can This Last?

Aehr Test Systems (NASD:AEHR)

Aehr Test Systems (NASD:AEHR), a global supplier of semiconductor test and burn-in equipment, today announced that it has received an order in excess of $4 million from a subcontractor to its lead customer for the FOX-XP Test and Burn-in System. Shares responded to the news by gaining over 20% and closing at $4.99. Volumes were heavy – over five times the average daily volume exchanged hands. This recent order comes less than a month after another order sent AEHR shares soaring 37.5%.

Gayn Erickson, President and CEO of Aehr Test Systems, commented, “We have been working closely with the end customer of this application for more than a year and are very excited to receive this first system order. We expect that this application will drive incremental capacity in the near term and over the next year or two. This order is further endorsement of our unique test and burn in technology and represents our second major customer for the FOX-XP Test and Burn-in System for a high-volume manufacturing application.”

While trading saw shares of Aehr Test Systems (NASD:AEHR) close at close to $5, earlier this year the stock was trading below $2.50 – so the stock has essentially doubled in less than a month. For the year, Aehr Test Systems (NASD:AEHR) has tripled in value. The catalyst is easy to see. In 2016 Aehr Test Systems (NASD:AEHR) posted sales of $14.5 million. Less than 60 days into the new year, the company already can be seen to achieve at least half of their 2016 sales figures.

Only one firm follows Aehr Test Systems (NASD:AEHR) and they rate the shares as a “Strong Buy”.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

Marc has a degree in economics and a MSc. in Finance. Over his 20 year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

2/21/2017
Ticker Symbol AEHR
Last Price a/o 5:47 PM EST  $                      4.65
Average Volume                    254,900
Market Cap (mlns)  $                    81.84
Sales (mlns) $12.80
Shares Outstanding (mlns) 16.4
Share Float (mlns) 14.13
Shortable Yes
Optionable No
Inside Ownership 3.40%
Short Float 0.96%
Short Interest Ratio 0.53
Quarterly Return 64.14%
YTD Return 107.05%
Year Return 309.02%

Aehr TestSystems (Nasdaq: AEHR) Up Over 60%

Aehr Test systems – Nasdaq: AEHR 

Fremont, CA-based Aehr Test Systems announced today that it has received several follow-on orders for test and burn-in products from a leading multi-national manufacturer of advanced logic integrated circuits. The orders exceed $2.5 million – more than 17% of reported 2016 sales. The system is planned to ship in fiscal 4th quarter ending May 31, 2017. The market has responded by sending shares (Nasdaq: AEHR) up over 60% to new-highs. Trading in AEHR is extremely heavy – 1.4 million shares traded by mid-morning when the average daily volume barley exceeds 21,000.

Aehr Test Systems designs, engineers, develops, manufactures, and sells test and burn-in equipment used in the global semiconductor industry. Increased quality and reliability needs of the automotive and mobility integrated circuit markets are driving additional test requirements, capacity needs, and opportunities for Aehr Test products in package and wafer level test.

Aehr’s ABTS system is used in production and qualification testing of packaged parts for both low-power and high-power logic as well as all common types of memory devices. The FOX system is a full wafer contact test and burn-in system 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 DiePak carrier is a reusable, temporary package that enables IC manufacturers to perform cost-effective final test and burn-in of bare die.

Last year Aehr posted a loss of $0.52 EPS on sales of $14.5 million. Only one firm follows AEHR and they rate the shares as a “Strong Buy” with a price target of $5.

 I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

2/8/2017
Ticker Symbol AEHR
Last Price a/o 11:38 AM EST  $                      3.13
Average Volume                      21,600
Market Cap (mlns)  $                    38.52
Sales (mlns) $12.80
Shares Outstanding (mlns) 17.43
Share Float (mlns) 14.05
Shortable Yes
Optionable No
Inside Ownership 3.60%
Short Float 0.87%
Short Interest Ratio 5.67
Quarterly Return -32.42%
YTD Return -8.30%
Year Return 95.58%