ACM Research (NASDAQ:ACMR) Shares Up 5.9% – Time to Buy?

ACM Research, Inc. (NASDAQ:ACMR) shares shot up 5.9% during trading on Monday . The company traded as high as $37.36 and last traded at $37.1630. 232,734 shares traded hands during trading, a decline of 84% from the average session volume of 1,489,910 shares. The stock had previously closed at $35.10.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ACMR. Roth Capital restated a “buy” rating and issued a $40.00 price target on shares of ACM Research in a report on Wednesday, November 5th. Zacks Research downgraded ACM Research from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 12th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of ACM Research in a research note on Monday. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $38.00.

ACM Research Price Performance

The business’s 50-day simple moving average is $36.57 and its 200 day simple moving average is $31.14. The company has a market capitalization of $2.25 billion, a P/E ratio of 21.85 and a beta of 1.45. The company has a current ratio of 3.48, a quick ratio of 2.48 and a debt-to-equity ratio of 0.10.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings data on Wednesday, November 5th. The specialty retailer reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.11). The company had revenue of $269.16 million during the quarter, compared to the consensus estimate of $251.72 million. ACM Research had a net margin of 13.30% and a return on equity of 7.11%. The company’s revenue was up 32.0% on a year-over-year basis. During the same quarter last year, the business earned $0.63 earnings per share. As a group, sell-side analysts anticipate that ACM Research, Inc. will post 1.17 EPS for the current year.

Insider Buying and Selling at ACM Research

In other news, insider Fuping Chen sold 20,000 shares of the business’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $33.06, for a total transaction of $661,200.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Lisa Feng sold 15,000 shares of the stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $33.77, for a total value of $506,550.00. Following the completion of the transaction, the insider owned 50,001 shares of the company’s stock, valued at $1,688,533.77. This trade represents a 23.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 320,000 shares of company stock worth $10,744,150. 25.00% of the stock is owned by insiders.

Institutional Trading of ACM Research

Hedge funds have recently modified their holdings of the business. Inspire Investing LLC acquired a new stake in ACM Research during the first quarter valued at $655,000. Aberdeen Group plc purchased a new stake in shares of ACM Research during the 1st quarter worth about $235,000. Triata Capital Ltd lifted its holdings in shares of ACM Research by 33.5% during the 1st quarter. Triata Capital Ltd now owns 1,371,125 shares of the specialty retailer’s stock valued at $32,002,000 after buying an additional 344,158 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of ACM Research by 388.3% during the 1st quarter. Russell Investments Group Ltd. now owns 142,244 shares of the specialty retailer’s stock valued at $3,320,000 after buying an additional 113,111 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new stake in shares of ACM Research in the 1st quarter valued at approximately $3,902,000. Hedge funds and other 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.