2 weeks Ago By ABMN Staff
ACM Research, Inc. ( NASDAQ:ACMR – Get Free Report ) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 4,960,000 shares, a growth of 7.
8% from the August 31st total of 4,600,000 shares. Based on an average daily volume of 1,240,000 shares, the days-to-cover ratio is currently 4.0 days.
Analyst Ratings Changes A number of research analysts recently issued reports on the company. Needham & Company LLC restated a “buy” rating and set a $28.00 price objective on shares of ACM Research in a research report on Thursday, August 8th.
Roth Mkm reduced their price target on shares of ACM Research from $40.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, August 8th.
Finally, Benchmark reaffirmed a “buy” rating and issued a $38.00 price objective on shares of ACM Research in a report on Wednesday, August 7th. Check Out Our Latest Report on ACM Research ACM Research Stock Performance ACM Research ( NASDAQ:ACMR – Get Free Report ) last issued its quarterly earnings results on Wednesday, August 7th.
The specialty retailer reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.
25. The company had revenue of $202.50 million for the quarter, compared to analyst estimates of $163.
05 million. ACM Research had a return on equity of 9.16% and a net margin of 12.
26%. The company’s quarterly revenue was up 40.0% compared to the same quarter last year.
During the same period last year, the company earned $0.45 earnings per share. On average, equities research analysts anticipate that ACM Research will post 0.
92 EPS for the current year. Institutional Investors Weigh In On ACM Research Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC boosted its stake in ACM Research by 297.
1% during the 2nd quarter. CWM LLC now owns 1,930 shares of the specialty retailer’s stock valued at $45,000 after purchasing an additional 1,444 shares in the last quarter. Picton Mahoney Asset Management bought a new position in ACM Research during the second quarter valued at about $59,000.
Lazard Asset Management LLC boosted its stake in ACM Research by 1,197.6% during the first quarter. Lazard Asset Management LLC now owns 3,218 shares of the specialty retailer’s stock valued at $93,000 after buying an additional 2,970 shares in the last quarter.
Ashton Thomas Private Wealth LLC acquired a new position in ACM Research during the second quarter worth about $99,000. Finally, Palouse Capital Management Inc. bought a new stake in ACM Research in the second quarter worth about $105,000.
Institutional investors own 66.75% of the company’s stock. 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. Featured Stories Receive News & Ratings for ACM Research Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ACM Research and related companies with MarketBeat.com's FREE daily email newsletter .
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