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

ACM Research, Inc. (NASDAQ:ACMR) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 4,060,000 shares, an increase of 12.2% from the March 31st total of 3,620,000 shares. Based on an average trading volume of 1,720,000 shares, the days-to-cover ratio is currently 2.4 days.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ACMR. Needham & Company LLC raised their target price on ACM Research from $24.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Benchmark lifted their price objective on ACM Research from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. The Goldman Sachs Group upgraded ACM Research from a “neutral” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Thursday, February 29th. Finally, Roth Mkm lifted their price objective on ACM Research from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $31.88.

ACM Research Price Performance

ACM Research stock opened at $25.52 on Wednesday. The firm has a market capitalization of $1.43 billion, a P/E ratio of 21.81 and a beta of 1.39. ACM Research has a 1 year low of $8.75 and a 1 year high of $34.40. The business has a 50-day moving average of $28.29 and a 200-day moving average of $21.60. The company has a current ratio of 2.35, a quick ratio of 1.26 and a debt-to-equity ratio of 0.06.

ACM Research (NASDAQ:ACMR) last posted its earnings results on Wednesday, February 28th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.27. The company had revenue of $170.30 million during the quarter, compared to analyst estimates of $149.54 million. ACM Research had a return on equity of 9.23% and a net margin of 13.87%. The company’s revenue for the quarter was up 57.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.15 EPS. On average, equities analysts anticipate that ACM Research will post 1.22 EPS for the current year.

Insider Buying and Selling at ACM Research

In other ACM Research news, Director Tracy Liu sold 12,500 shares of ACM Research stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $25.20, for a total transaction of $315,000.00. Following the completion of the transaction, the director now directly owns 110,772 shares of the company’s stock, valued at $2,791,454.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Sotheara Cheav sold 5,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $29.09, for a total value of $145,450.00. Following the completion of the sale, the insider now directly owns 105,002 shares in the company, valued at $3,054,508.18. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Tracy Liu sold 12,500 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $25.20, for a total value of $315,000.00. Following the completion of the sale, the director now owns 110,772 shares of the company’s stock, valued at $2,791,454.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 149,434 shares of company stock valued at $4,375,572. 33.63% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ACM Research

Several institutional investors have recently modified their holdings of ACMR. Ariose Capital Management Ltd lifted its holdings in shares of ACM Research by 163.8% during the 4th quarter. Ariose Capital Management Ltd now owns 1,980,671 shares of the specialty retailer’s stock valued at $38,702,000 after purchasing an additional 1,229,839 shares in the last quarter. Panview Asian Equity Master Fund lifted its holdings in shares of ACM Research by 264.7% during the 4th quarter. Panview Asian Equity Master Fund now owns 1,057,753 shares of the specialty retailer’s stock valued at $20,668,000 after purchasing an additional 767,753 shares in the last quarter. Prelude Capital Management LLC bought a new position in shares of ACM Research during the 4th quarter valued at about $8,640,000. Vanguard Group Inc. lifted its holdings in shares of ACM Research by 10.9% during the 3rd quarter. Vanguard Group Inc. now owns 4,082,835 shares of the specialty retailer’s stock valued at $73,920,000 after purchasing an additional 399,854 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of ACM Research by 1,084.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 286,424 shares of the specialty retailer’s stock valued at $5,186,000 after purchasing an additional 262,235 shares in the last quarter. 66.75% of the stock is currently owned by institutional investors and hedge funds.

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.