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

ACM Research, Inc. (NASDAQ:ACMRGet Free Report) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 4,060,000 shares, an increase of 7.1% from the April 30th total of 3,790,000 shares. Based on an average daily volume of 1,690,000 shares, the days-to-cover ratio is currently 2.4 days.

ACM Research Stock Down 2.4 %

Shares of NASDAQ:ACMR traded down $0.52 during midday trading on Monday, hitting $21.08. 281,222 shares of the stock were exchanged, compared to its average volume of 1,533,782. The business’s fifty day simple moving average is $26.57 and its two-hundred day simple moving average is $22.78. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.31 and a current ratio of 2.31. ACM Research has a 52-week low of $9.36 and a 52-week high of $34.40. The company has a market capitalization of $1.20 billion, a PE ratio of 16.36 and a beta of 1.44.

ACM Research (NASDAQ:ACMRGet Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The specialty retailer reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.09. ACM Research had a return on equity of 10.26% and a net margin of 13.79%. The business had revenue of $152.19 million during the quarter, compared to analyst estimates of $151.00 million. As a group, research analysts predict that ACM Research will post 1 earnings per share for the current fiscal year.

Insider Activity

In other ACM Research news, insider David H. Wang sold 90,000 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $30.36, for a total value of $2,732,400.00. Following the sale, the insider now directly owns 591,107 shares in the company, valued at $17,946,008.52. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider David H. Wang sold 86,090 shares of the business’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $22.62, for a total transaction of $1,947,355.80. Following the sale, the insider now directly owns 504,018 shares of the company’s stock, valued at $11,400,887.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David H. Wang sold 90,000 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $30.36, for a total value of $2,732,400.00. Following the completion of the transaction, the insider now owns 591,107 shares of the company’s stock, valued at approximately $17,946,008.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 339,763 shares of company stock worth $8,650,406. 31.24% of the stock is owned by company insiders.

Institutional Trading of ACM Research

Large investors have recently added to or reduced their stakes in the business. Spire Wealth Management bought a new stake in shares of ACM Research during the 3rd quarter worth about $27,000. Federated Hermes Inc. acquired a new position in ACM Research during the third quarter valued at approximately $46,000. Headlands Technologies LLC acquired a new position in ACM Research during the fourth quarter valued at approximately $66,000. DekaBank Deutsche Girozentrale bought a new position in shares of ACM Research in the third quarter valued at approximately $68,000. Finally, Lazard Asset Management LLC lifted its stake 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 worth $93,000 after buying an additional 2,970 shares during the last quarter. 66.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ACMR has been the subject of a number of analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $34.00 price objective on shares of ACM Research in a research note on Thursday, May 9th. The Goldman Sachs Group raised shares of ACM Research from a “neutral” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Thursday, February 29th. Finally, Benchmark boosted their target price on shares of ACM Research from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, ACM Research currently has a consensus rating of “Buy” and a consensus target price of $31.88.

Read Our Latest Research Report on ACMR

ACM Research Company Profile

(Get Free Report)

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.

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