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

ACM Research, Inc. (NASDAQ:ACMR)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $66.45, but opened at $69.35. ACM Research shares last traded at $67.7510, with a volume of 338,611 shares.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ACMR shares. Wall Street Zen raised shares of ACM Research from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Seaport Research Partners assumed coverage on shares of ACM Research in a research report on Monday, May 4th. They issued a “buy” rating and a $75.00 price target for the company. Zacks Research lowered shares of ACM Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Weiss Ratings raised shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $40.00.

ACM Research Trading Up 5.8%

The company has a market cap of $4.30 billion, a price-to-earnings ratio of 53.90 and a beta of 1.82. The company’s fifty day moving average price is $50.00 and its two-hundred day moving average price is $47.51. The company has a quick ratio of 2.52, a current ratio of 3.51 and a debt-to-equity ratio of 0.11.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings data on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.08. The company had revenue of $231.26 million during the quarter, compared to analyst estimates of $215.69 million. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. The company’s revenue was up 34.2% on a year-over-year basis. During the same quarter last year, the business posted $0.46 earnings per share. Research analysts expect that ACM Research, Inc. will post 1.2 earnings per share for the current year.

Insider Activity at ACM Research

In other news, Director Tracy Liu sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $47.91, for a total transaction of $718,650.00. Following the completion of the sale, the director owned 110,772 shares of the company’s stock, valued at approximately $5,307,086.52. This trade represents a 11.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Charles C. Pappis sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $52.00, for a total transaction of $260,000.00. Following the sale, the director directly owned 5,000 shares of the company’s stock, valued at approximately $260,000. The trade was a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 65,000 shares of company stock valued at $3,110,750. Company insiders own 25.00% of the company’s stock.

Institutional Trading of ACM Research

Several hedge funds have recently modified their holdings of ACMR. Farther Finance Advisors LLC grew its stake in shares of ACM Research by 90.1% during the fourth quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 308 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of ACM Research by 266.7% during the fourth quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 480 shares during the last quarter. Leonteq Securities AG bought a new stake in shares of ACM Research during the fourth quarter valued at approximately $28,000. Jones Financial Companies Lllp grew its stake in shares of ACM Research by 206.8% during the third quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 515 shares during the last quarter. Finally, SBI Securities Co. Ltd. grew its stake in shares of ACM Research by 78.9% during the third quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 367 shares during the last quarter. 66.75% of the stock is owned by institutional investors.

About ACM Research

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.