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

ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) was the recipient of a significant increase in short interest during 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 daily volume of 1,570,000 shares, the days-to-cover ratio is presently 2.7 days.

ACM Research Stock Up 0.2 %

Shares of ACMR traded up $0.03 during mid-day trading on Tuesday, reaching $15.10. The company had a trading volume of 1,114,637 shares, compared to its average volume of 1,450,803. ACM Research has a 52 week low of $13.87 and a 52 week high of $34.40. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37. The company has a market capitalization of $869.85 million, a price-to-earnings ratio of 11.44 and a beta of 1.48. The firm has a 50-day moving average price of $17.27 and a 200 day moving average price of $18.93.

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

Analysts Set New Price Targets

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

Insider Transactions at ACM Research

In other news, major shareholder Science & Technology Shanghai sold 26,300 shares of the business's stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $20.01, for a total value of $526,263.00. Following the sale, the insider now owns 3,403,906 shares of the company's stock, valued at $68,112,159.06. The trade was a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Haiping Dun sold 15,000 shares of the firm's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $19.12, for a total value of $286,800.00. Following the completion of the transaction, the director now directly owns 774,148 shares of the company's stock, valued at $14,801,709.76. The trade was a 1.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,235,712 shares of company stock valued at $26,772,295 over the last ninety days. 31.24% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Cim LLC grew its position in shares of ACM Research by 8.6% during the second quarter. Cim LLC now owns 16,788 shares of the specialty retailer's stock worth $387,000 after purchasing an additional 1,326 shares in the last quarter. Sei Investments Co. boosted its stake in ACM Research by 6.7% in the 2nd quarter. Sei Investments Co. now owns 21,736 shares of the specialty retailer's stock worth $501,000 after purchasing an additional 1,358 shares during the period. The Manufacturers Life Insurance Company grew its holdings in ACM Research by 7.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,454 shares of the specialty retailer's stock valued at $449,000 after buying an additional 1,382 shares in the last quarter. Erste Asset Management GmbH bought a new stake in shares of ACM Research during the third quarter valued at approximately $37,000. Finally, ClariVest Asset Management LLC lifted its holdings in shares of ACM Research by 1.5% in the second quarter. ClariVest Asset Management LLC now owns 131,914 shares of the specialty retailer's stock worth $3,042,000 after buying an additional 1,964 shares in the last quarter. Hedge funds and other institutional investors own 66.75% of the company's stock.

About ACM Research

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.