ACM Research, Inc. (NASDAQ:ACMR) Short Interest Up 12.2% in April

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

Insider Transactions at ACM Research

In other ACM Research news, insider David H. Wang sold 90,000 shares of ACM Research stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $30.36, for a total transaction of $2,732,400.00. Following the completion of the sale, the insider now owns 591,107 shares of the company’s stock, valued at approximately $17,946,008.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Sotheara Cheav sold 5,000 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David H. Wang sold 90,000 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $30.36, for a total transaction of $2,732,400.00. Following the sale, the insider now owns 591,107 shares of the company’s stock, valued at $17,946,008.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 149,434 shares of company stock valued at $4,375,572. Company insiders own 33.63% of the company’s stock.

Institutional Trading of ACM Research

A number of large investors have recently bought and sold shares of ACMR. SG Americas Securities LLC bought a new position in shares of ACM Research in the third quarter valued at approximately $473,000. Raymond James Financial Services Advisors Inc. bought a new stake in ACM Research in the 3rd quarter worth $704,000. Bank of New York Mellon Corp boosted its holdings in ACM Research by 18.3% in the third quarter. Bank of New York Mellon Corp now owns 190,205 shares of the specialty retailer’s stock valued at $3,444,000 after acquiring an additional 29,360 shares in the last quarter. Total Clarity Wealth Management Inc. raised its stake in ACM Research by 7.8% during the third quarter. Total Clarity Wealth Management Inc. now owns 44,750 shares of the specialty retailer’s stock valued at $810,000 after buying an additional 3,250 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in ACM Research by 32.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,727 shares of the specialty retailer’s stock worth $230,000 after acquiring an additional 3,113 shares in the last quarter. 66.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ACMR has been the topic of several analyst reports. Roth Mkm lifted their target price on shares of ACM Research from $20.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Needham & Company LLC upped their price target on shares of ACM Research from $24.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Benchmark upped their price target on shares of ACM Research from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, The Goldman Sachs Group raised shares of ACM Research from a “neutral” rating to a “buy” rating and set a $39.00 price target for the company in a report on Thursday, February 29th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $31.88.

ACM Research Stock Performance

Shares of ACMR stock opened at $27.04 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.35 and a quick ratio of 1.26. The stock has a 50-day moving average of $28.01 and a 200-day moving average of $21.50. ACM Research has a one year low of $8.75 and a one year high of $34.40. The stock has a market cap of $1.52 billion, a PE ratio of 23.11 and a beta of 1.39.

ACM Research (NASDAQ:ACMR) last issued its earnings results on Wednesday, February 28th. The specialty retailer reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.27. ACM Research had a return on equity of 9.23% and a net margin of 13.87%. The firm had revenue of $170.30 million for the quarter, compared to the consensus estimate of $149.54 million. During the same quarter last year, the business posted $0.15 EPS. The company’s revenue was up 57.0% compared to the same quarter last year. As a group, sell-side analysts expect that ACM Research will post 1.22 earnings per share for the current year.

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.