ACM Research (NASDAQ:ACMR) Shares Gap Up – Still a Buy?

ACM Research, Inc. (NASDAQ:ACMR) shares gapped up before the market opened on Wednesday . The stock had previously closed at $91.18, but opened at $100.28. ACM Research shares last traded at $100.4470, with a volume of 509,472 shares.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ACMR shares. Seaport Research Partners started coverage on ACM Research in a report on Monday, May 4th. They set a “buy” rating and a $75.00 price target for the company. Wall Street Zen raised shares of ACM Research from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Roth Mkm reissued a “buy” rating and issued a $100.00 target price on shares of ACM Research in a research report on Monday, June 1st. Finally, Zacks Research lowered shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, ACM Research presently has a consensus rating of “Hold” and a consensus target price of $100.00.

ACM Research Stock Performance

The firm’s 50 day moving average price is $66.12 and its 200-day moving average price is $54.66. The firm has a market cap of $6.13 billion, a price-to-earnings ratio of 77.21 and a beta of 2.01. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.51 and a quick ratio of 2.52.

ACM Research (NASDAQ:ACMR) last released its earnings results on Thursday, May 7th. The specialty retailer reported $0.34 EPS for the quarter, beating the consensus estimate of $0.26 by $0.08. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. The firm had revenue of $231.26 million during the quarter, compared to analysts’ expectations of $215.69 million. During the same period in the prior year, the company earned $0.46 EPS. The business’s quarterly revenue was up 34.2% compared to the same quarter last year. On average, analysts anticipate that ACM Research, Inc. will post 1.02 earnings per share for the current year.

Insider Activity at ACM Research

In other news, Director Haiping Dun sold 5,000 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $66.22, for a total transaction of $331,100.00. Following the completion of the transaction, the director owned 5,000 shares of the company’s stock, valued at approximately $331,100. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles C. Pappis sold 5,000 shares of the company’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $52.00, for a total transaction of $260,000.00. Following the transaction, the director directly owned 5,000 shares of the company’s stock, valued at $260,000. This represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 128,752 shares of company stock worth $11,012,198. 24.36% of the stock is owned by company insiders.

Hedge Funds Weigh In On ACM Research

Several large investors have recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System lifted its position in shares of ACM Research by 2.2% in the 4th quarter. Maryland State Retirement & Pension System now owns 7,764 shares of the specialty retailer’s stock worth $306,000 after acquiring an additional 168 shares during the period. MML Investors Services LLC grew its holdings in shares of ACM Research by 1.0% during the 4th quarter. MML Investors Services LLC now owns 22,851 shares of the specialty retailer’s stock worth $901,000 after purchasing an additional 217 shares in the last quarter. First Growth Capital LLC increased its position in shares of ACM Research by 5.4% during the first quarter. First Growth Capital LLC now owns 5,598 shares of the specialty retailer’s stock valued at $226,000 after purchasing an additional 285 shares during the period. GAMMA Investing LLC raised its stake in shares of 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 purchasing an additional 299 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in ACM Research by 90.1% in the fourth quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 308 shares during the period. Institutional investors and hedge funds own 66.75% of the company’s stock.

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.