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

ACM Research, Inc. (NASDAQ:ACMR) was the target of a significant decline in short interest in January. As of January 31st, there was short interest totalling 3,490,000 shares, a decline of 16.7% from the January 15th total of 4,190,000 shares. Based on an average daily trading volume, of 1,460,000 shares, the days-to-cover ratio is presently 2.4 days.

Analysts Set New Price Targets

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

ACM Research Price Performance

Shares of NASDAQ:ACMR opened at $23.78 on Friday. ACM Research has a fifty-two week low of $13.87 and a fifty-two week high of $34.40. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34. The stock has a market capitalization of $1.37 billion, a P/E ratio of 18.02 and a beta of 1.58. The business has a 50-day moving average of $17.61 and a two-hundred day moving average of $18.13.

Insider Activity

In other news, insider Sotheara Cheav sold 22,598 shares of ACM Research stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $23.00, for a total transaction of $519,754.00. Following the transaction, the insider now owns 100,002 shares in the company, valued at approximately $2,300,046. The trade was a 18.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David H. Wang sold 56,250 shares of ACM Research stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $19.08, for a total value of $1,073,250.00. Following the transaction, the insider now owns 710,506 shares in the company, valued at $13,556,454.48. This represents a 7.34 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 150,098 shares of company stock worth $2,886,117. 31.24% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On ACM Research

Several large investors have recently made changes to their positions in the business. PDT Partners LLC acquired a new position in shares of ACM Research during the 4th quarter worth about $1,631,000. Schonfeld Strategic Advisors LLC lifted its position in shares of ACM Research by 70.6% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 36,701 shares of the specialty retailer’s stock worth $554,000 after purchasing an additional 15,183 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of ACM Research by 39.4% during the 4th quarter. AQR Capital Management LLC now owns 358,250 shares of the specialty retailer’s stock worth $5,410,000 after purchasing an additional 101,249 shares during the last quarter. Northern Trust Corp lifted its position in shares of ACM Research by 9.9% during the 4th quarter. Northern Trust Corp now owns 534,243 shares of the specialty retailer’s stock worth $8,067,000 after purchasing an additional 47,953 shares during the last quarter. Finally, Oberweis Asset Management Inc. increased its stake in ACM Research by 16.5% during the fourth quarter. Oberweis Asset Management Inc. now owns 485,200 shares of the specialty retailer’s stock valued at $7,327,000 after acquiring an additional 68,700 shares during the period. Institutional investors and hedge funds 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.