ACM Research, Inc. (NASDAQ:ACMR) Sees Significant Decrease in Short Interest

ACM Research, Inc. (NASDAQ:ACMR) saw a large decline in short interest in January. As of January 15th, there was short interest totaling 3,596,723 shares, a decline of 13.4% from the December 31st total of 4,154,305 shares. Based on an average trading volume of 1,698,352 shares, the short-interest ratio is currently 2.1 days. Approximately 8.0% of the company’s stock are sold short. Approximately 8.0% of the company’s stock are sold short. Based on an average trading volume of 1,698,352 shares, the short-interest ratio is currently 2.1 days.

Insider Buying and Selling at ACM Research

In related news, insider Lisa Feng sold 15,000 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $33.77, for a total transaction of $506,550.00. Following the completion of the transaction, the insider owned 50,001 shares in the company, valued at approximately $1,688,533.77. The trade was a 23.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider David H. Wang sold 60,000 shares of the stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $34.12, for a total value of $2,047,200.00. Following the completion of the transaction, the insider directly owned 802,708 shares in the company, valued at $27,388,396.96. This trade represents a 6.95% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 265,000 shares of company stock valued at $8,849,150. Insiders own 25.00% of the company’s stock.

Hedge Funds Weigh In On ACM Research

A number of large investors have recently bought and sold shares of ACMR. Farther Finance Advisors LLC increased its holdings in ACM Research by 90.1% in the fourth quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 308 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of ACM Research by 206.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock worth $29,000 after acquiring an additional 515 shares during the period. SBI Securities Co. Ltd. grew its holdings in shares of ACM Research by 78.9% in the 3rd quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock worth $33,000 after acquiring an additional 367 shares during the period. EverSource Wealth Advisors LLC increased its stake in ACM Research by 656.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 1,122 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in ACM Research by 38.8% during the fourth quarter. GAMMA Investing LLC now owns 1,070 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 299 shares during the last quarter. Hedge funds and other institutional investors own 66.75% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on ACMR. Weiss Ratings upgraded shares of ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 26th. Roth Mkm reissued a “buy” rating and issued a $40.00 target price on shares of ACM Research in a report on Wednesday, November 5th. Finally, Zacks Research raised ACM Research from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.00.

ACM Research Stock Performance

Shares of ACMR stock opened at $56.51 on Thursday. The stock’s 50-day moving average price is $44.77 and its 200 day moving average price is $37.15. The company has a quick ratio of 2.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $3.38 billion, a PE ratio of 32.85 and a beta of 1.49. ACM Research has a 52-week low of $16.82 and a 52-week high of $64.79.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings data on Wednesday, November 5th. The specialty retailer reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.11). The company had revenue of $269.16 million for the quarter, compared to analyst estimates of $251.72 million. ACM Research had a return on equity of 7.11% and a net margin of 13.30%.The firm’s revenue was up 32.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.63 earnings per share. As a group, equities research analysts forecast that ACM Research will post 1.17 EPS for the current year.

About ACM Research

ACM Research, Inc (NASDAQ:ACMR) designs, develops and markets wet processing equipment for the semiconductor industry. The company focuses on advanced wafer cleaning technologies that address critical contamination-control requirements for logic, memory and advanced packaging applications. Since its founding in 2003, ACM Research has engineered modular platform tools that can be configured for a range of spin, scrub and batch cleaning processes.

Its product portfolio encompasses single-wafer spin cleaning systems featuring high-purity megasonic capabilities, dynamic chemical scrubbing modules for post-CMP residue removal and batch-process cleaning equipment designed for high-throughput production environments.