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

ACM Research, Inc. (NASDAQ:ACMR) saw 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 currently 2.7 days.

Insider Transactions at ACM Research

In other news, insider David H. Wang sold 56,250 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $19.08, for a total transaction of $1,073,250.00. Following the completion of the transaction, the insider now owns 710,506 shares of the company’s stock, valued at approximately $13,556,454.48. The trade was a 7.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Xiao Xing sold 700,000 shares of the company’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $21.41, for a total value of $14,987,000.00. Following the sale, the director now owns 2,703,906 shares of the company’s stock, valued at approximately $57,890,627.46. This represents a 20.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,209,412 shares of company stock valued at $26,246,032. Company insiders own 31.24% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Millennium Management LLC increased its stake 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 buying an additional 683,361 shares during the period. Algert Global LLC boosted its holdings in ACM Research by 530.5% in the third quarter. Algert Global LLC now owns 177,885 shares of the specialty retailer’s stock valued at $3,611,000 after acquiring an additional 149,670 shares during the last quarter. Portolan Capital Management LLC increased its position in ACM Research by 7.7% during the 3rd quarter. Portolan Capital Management LLC now owns 921,451 shares of the specialty retailer’s stock valued at $18,705,000 after purchasing an additional 65,616 shares during the period. Seven Eight Capital LP raised its holdings in ACM Research by 625.1% during the 2nd quarter. Seven Eight Capital LP now owns 75,517 shares of the specialty retailer’s stock worth $1,741,000 after purchasing an additional 65,102 shares during the last quarter. Finally, Richard P Slaughter Associates Inc raised its holdings in ACM Research by 94.9% during the 3rd quarter. Richard P Slaughter Associates Inc now owns 127,810 shares of the specialty retailer’s stock worth $2,595,000 after purchasing an additional 62,247 shares during the last quarter. 66.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

ACM Research Stock Performance

NASDAQ:ACMR opened at $15.10 on Thursday. The stock’s 50-day moving average is $17.19 and its 200-day moving average is $18.90. ACM Research has a 1-year low of $13.87 and a 1-year high of $34.40. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10. The stock has a market cap of $869.85 million, a P/E ratio of 11.44 and a beta of 1.48.

ACM Research (NASDAQ:ACMR) last posted its earnings results on Thursday, November 7th. The specialty retailer reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.35. The firm had revenue of $204.00 million for the quarter, compared to analyst estimates of $191.18 million. ACM Research had a net margin of 12.38% and a return on equity of 9.07%. The company’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 firm posted $0.41 EPS. Equities research analysts anticipate that ACM Research will post 1.12 earnings per share for the current year.

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.