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

ACM Research, Inc. (NASDAQ:ACMR) saw a large growth in short interest during 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 trading volume of 1,720,000 shares, the days-to-cover ratio is currently 2.4 days.

ACM Research Trading Down 4.4 %

Shares of ACM Research stock opened at $27.04 on Monday. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 23.11 and a beta of 1.39. The company has a quick ratio of 1.26, a current ratio of 2.35 and a debt-to-equity ratio of 0.06. ACM Research has a 12-month low of $8.75 and a 12-month high of $34.40. The firm’s 50-day moving average price is $28.01 and its two-hundred day moving average price is $21.50.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings data on Wednesday, February 28th. The specialty retailer reported $0.43 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $149.54 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 57.0% on a year-over-year basis. On average, analysts forecast that ACM Research will post 1.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. 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. Benchmark boosted their price objective on shares of ACM Research from $35.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Roth Mkm boosted their price objective 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. Finally, Needham & Company LLC upped their price target on shares of ACM Research from $24.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $31.88.

Insider Buying and Selling at ACM Research

In other ACM Research news, insider David H. Wang sold 90,000 shares of the stock in a transaction that occurred 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 sale, the insider now owns 591,107 shares in the company, valued at approximately $17,946,008.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Lisa Feng sold 7,500 shares of ACM Research stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $25.20, for a total transaction of $189,000.00. Following the completion of the transaction, the insider now directly owns 50,001 shares of the company’s stock, valued at approximately $1,260,025.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David H. Wang sold 90,000 shares of ACM Research stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $30.36, for a total transaction of $2,732,400.00. Following the transaction, the insider now directly 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 three months, insiders sold 149,434 shares of company stock valued at $4,375,572. 33.63% of the stock is owned by insiders.

Institutional Investors Weigh In On ACM Research

A number of hedge funds have recently modified their holdings of the stock. Arlington Capital Management Inc. lifted its stake in ACM Research by 13.0% in the first quarter. Arlington Capital Management Inc. now owns 77,102 shares of the specialty retailer’s stock worth $2,247,000 after purchasing an additional 8,878 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of ACM Research by 544.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 245,484 shares of the specialty retailer’s stock worth $7,153,000 after purchasing an additional 207,399 shares during the period. Nilsine Partners LLC bought a new stake in shares of ACM Research in the 1st quarter worth about $3,875,000. FCG Investment Co grew its holdings in shares of ACM Research by 35.2% in the first quarter. FCG Investment Co now owns 41,905 shares of the specialty retailer’s stock worth $1,221,000 after purchasing an additional 10,905 shares during the last quarter. Finally, Trust Co. of Oklahoma bought a new position in shares of ACM Research in the 1st quarter worth $687,000. Institutional investors own 66.75% of the company’s stock.

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.