Short Interest in ACM Research, Inc. (NASDAQ:ACMR) Expands By 9.9%

ACM Research, Inc. (NASDAQ:ACMR) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 4,310,000 shares, an increase of 9.9% from the November 30th total of 3,920,000 shares. Based on an average trading volume of 1,570,000 shares, the short-interest ratio is presently 2.7 days.

Analyst Ratings Changes

A number of research analysts recently weighed in on ACMR shares. Needham & Company LLC downgraded ACM Research from a “buy” rating to a “hold” rating and set a $25.00 price target on the stock. in a research note on Wednesday, December 4th. Craig Hallum downgraded ACM Research from a “buy” rating to a “hold” rating and decreased their price objective for the company from $30.00 to $18.00 in a report on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $30.00.

ACM Research Trading Up 0.2 %

NASDAQ:ACMR opened at $15.10 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34. ACM Research has a one year low of $13.87 and a one year high of $34.40. The company has a market cap of $869.85 million, a PE ratio of 11.44 and a beta of 1.48. The firm has a 50-day moving average of $17.19 and a 200-day moving average of $18.90.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings results on Thursday, November 7th. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.35. The business had revenue of $204.00 million during the quarter, compared to the consensus estimate of $191.18 million. ACM Research had a return on equity of 9.07% and a net margin of 12.38%. The company’s quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 EPS. As a group, equities research analysts expect that ACM Research will post 1.12 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider David H. Wang sold 56,250 shares of ACM Research stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $19.08, for a total value of $1,073,250.00. Following the completion of the sale, the insider now owns 710,506 shares in the company, valued at $13,556,454.48. The trade was a 7.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Science & Technology Shanghai sold 275,000 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $24.07, for a total transaction of $6,619,250.00. Following the transaction, the insider now directly owns 2,428,906 shares in the company, valued at approximately $58,463,767.42. This represents a 10.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,209,412 shares of company stock worth $26,246,032. Company insiders own 31.24% of the company’s stock.

Institutional Investors Weigh In On ACM Research

Several institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC lifted its stake in ACM Research by 39.3% during the 2nd quarter. AQR Capital Management LLC now owns 178,460 shares of the specialty retailer’s stock valued at $4,115,000 after acquiring an additional 50,356 shares in the last quarter. Richard P Slaughter Associates Inc raised its holdings in shares of ACM Research by 94.9% in the third quarter. Richard P Slaughter Associates Inc now owns 127,810 shares of the specialty retailer’s stock valued at $2,595,000 after purchasing an additional 62,247 shares during the last quarter. Millennium Management LLC raised its holdings in shares of ACM Research by 283.9% in the second quarter. Millennium Management LLC now owns 924,104 shares of the specialty retailer’s stock valued at $21,310,000 after purchasing an additional 683,361 shares during the last quarter. Algert Global LLC lifted its position in shares of ACM Research by 530.5% during the third quarter. Algert Global LLC now owns 177,885 shares of the specialty retailer’s stock valued at $3,611,000 after purchasing an additional 149,670 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in ACM Research during the third quarter worth about $1,056,000. Institutional investors own 66.75% of the company’s stock.

ACM Research Company Profile

ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.