ACM Research (NASDAQ:ACMR) Reaches New 12-Month High – Should You Buy?

ACM Research, Inc. (NASDAQ:ACMR)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $56.30 and last traded at $52.5650, with a volume of 482950 shares changing hands. The stock had previously closed at $53.45.

Analysts Set New Price Targets

A number of brokerages have recently commented on ACMR. Zacks Research raised ACM Research from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Roth Mkm reaffirmed a “buy” rating and issued a $40.00 target price on shares of ACM Research in a research note on Wednesday, November 5th. Finally, Weiss Ratings cut shares of ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $38.00.

ACM Research Price Performance

The company’s fifty day moving average price is $40.00 and its two-hundred day moving average price is $35.31. The company has a quick ratio of 2.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.10. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 30.55 and a beta of 1.46.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings data on Wednesday, November 5th. The specialty retailer reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.11). The company had revenue of $269.16 million for the quarter, compared to analyst estimates of $251.72 million. ACM Research had a return on equity of 7.11% and a net margin of 13.30%.The company’s revenue was up 32.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.63 earnings per share. On average, equities research analysts forecast that ACM Research, Inc. will post 1.17 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider David H. Wang sold 70,000 shares of ACM Research stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $33.06, for a total value of $2,314,200.00. Following the sale, the insider owned 802,708 shares of the company’s stock, valued at approximately $26,537,526.48. This trade represents a 8.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Fuping Chen sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $33.20, for a total value of $3,320,000.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 265,000 shares of company stock worth $8,849,150. 25.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ACM Research

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp grew its holdings in shares of ACM Research by 206.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock valued at $29,000 after acquiring an additional 515 shares in the last quarter. SBI Securities Co. Ltd. raised its position in ACM Research by 78.9% during the third quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock worth $33,000 after acquiring an additional 367 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in ACM Research by 656.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 1,122 shares during the last quarter. GAMMA Investing LLC lifted its stake in ACM Research by 38.8% in the fourth quarter. GAMMA Investing LLC now owns 1,070 shares of the specialty retailer’s stock valued at $42,000 after acquiring an additional 299 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of ACM Research in the 2nd quarter valued at about $114,000. 66.75% of the stock is owned by institutional investors.

ACM Research Company Profile

ACM Research, Inc (NASDAQ:ACMR) designs, develops and markets wet processing equipment for the semiconductor industry. The company focuses on advanced wafer cleaning technologies that address critical contamination-control requirements for logic, memory and advanced packaging applications. Since its founding in 2003, ACM Research has engineered modular platform tools that can be configured for a range of spin, scrub and batch cleaning processes.

Its product portfolio encompasses single-wafer spin cleaning systems featuring high-purity megasonic capabilities, dynamic chemical scrubbing modules for post-CMP residue removal and batch-process cleaning equipment designed for high-throughput production environments.