ACM Research, Inc. (NASDAQ:ACMR) Short Interest Update

ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) was the recipient of a significant drop in short interest in November. As of November 15th, there was short interest totalling 3,990,000 shares, a drop of 12.3% from the October 31st total of 4,550,000 shares. Based on an average daily trading volume, of 1,310,000 shares, the short-interest ratio is presently 3.0 days.

ACM Research Stock Performance

NASDAQ ACMR traded down $0.08 during trading hours on Friday, reaching $17.19. 985,048 shares of the company were exchanged, compared to its average volume of 1,190,001. The stock has a market capitalization of $990.32 million, a P/E ratio of 13.02 and a beta of 1.54. The company has a quick ratio of 1.34, a current ratio of 2.37 and a debt-to-equity ratio of 0.10. ACM Research has a 1 year low of $13.94 and a 1 year high of $34.40. The business's 50 day simple moving average is $19.25 and its 200-day simple moving average is $20.12.

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

Analysts Set New Price Targets

A number of research firms recently weighed in on ACMR. Needham & Company LLC reissued a "buy" rating and set a $25.00 price target on shares of ACM Research in a research report on Tuesday, October 1st. Roth Mkm cut their target price on ACM Research from $40.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. Finally, Benchmark reaffirmed a "buy" rating and set a $38.00 price target on shares of ACM Research in a research report on Wednesday, August 7th.

Insider Buying and Selling at ACM Research

In other ACM Research news, Director Xiao Xing sold 700,000 shares of the firm's stock in a transaction on Friday, October 4th. The stock was sold at an average price of $21.41, for a total transaction of $14,987,000.00. Following the transaction, the director now directly owns 2,703,906 shares in the company, valued at approximately $57,890,627.46. This trade represents a 20.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Science & Technology Shanghai sold 26,300 shares of ACM Research stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $20.01, for a total transaction of $526,263.00. Following the transaction, the insider now directly owns 3,403,906 shares in the company, valued at $68,112,159.06. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,244,016 shares of company stock valued at $26,939,953. Corporate insiders own 31.24% of the company's stock.

Institutional Trading of ACM Research

Hedge funds have recently made changes to their positions in the company. Erste Asset Management GmbH bought a new stake in shares of ACM Research in the third quarter valued at approximately $37,000. CWM LLC raised its holdings in ACM Research by 297.1% during the 2nd quarter. CWM LLC now owns 1,930 shares of the specialty retailer's stock valued at $45,000 after acquiring an additional 1,444 shares during the period. Picton Mahoney Asset Management bought a new position in shares of ACM Research in the second quarter worth $59,000. Truvestments Capital LLC bought a new position in shares of ACM Research in the third quarter worth $72,000. Finally, Lazard Asset Management LLC grew its position in shares of ACM Research by 1,197.6% in the first quarter. Lazard Asset Management LLC now owns 3,218 shares of the specialty retailer's stock valued at $93,000 after purchasing an additional 2,970 shares in the last quarter. 66.75% of the stock is currently owned by institutional investors.

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.