ACM Research (NASDAQ:ACMR) Shares Down 7.8% – Here’s Why

ACM Research, Inc. (NASDAQ:ACMR) traded down 7.8% during mid-day trading on Wednesday . The stock traded as low as $116.00 and last traded at $116.9330. Approximately 1,046,940 shares were traded during trading, a decline of 32% from the average session volume of 1,537,110 shares. The stock had previously closed at $126.89.

Analyst Ratings Changes

ACMR has been the subject of a number of research analyst reports. Roth Mkm set a $125.00 price target on shares of ACM Research and gave the company a “buy” rating in a report on Wednesday, June 17th. Zacks Research lowered shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Morgan Stanley reaffirmed an “overweight” rating and issued a $130.00 target price (up from $90.00) on shares of ACM Research in a report on Tuesday, June 23rd. Weiss Ratings upgraded shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Finally, Seaport Research Partners assumed coverage on ACM Research in a report on Monday, May 4th. They issued a “buy” rating and a $75.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $127.50.

ACM Research Stock Down 9.3%

The company has a current ratio of 3.51, a quick ratio of 2.52 and a debt-to-equity ratio of 0.11. The firm has a 50 day moving average price of $78.19 and a 200-day moving average price of $59.79. The firm has a market cap of $7.05 billion, a price-to-earnings ratio of 87.50 and a beta of 2.01.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings data on Thursday, May 7th. The specialty retailer reported $0.34 EPS for the quarter, beating analysts’ consensus estimates 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 for 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 firm’s revenue was up 34.2% on a year-over-year basis. On average, equities analysts forecast that ACM Research, Inc. will post 1.02 EPS for the current year.

Insider Buying and Selling at ACM Research

In related news, insider Sotheara Cheav sold 13,351 shares of ACM Research stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $85.15, for a total transaction of $1,136,837.65. Following the completion of the transaction, the insider directly owned 100,002 shares in the company, valued at $8,515,170.30. The trade was a 11.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Haiping Dun sold 5,000 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $66.22, for a total value of $331,100.00. Following the sale, the director owned 5,000 shares in the company, valued at approximately $331,100. This trade 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 sold 128,752 shares of company stock valued at $11,012,198. Company insiders own 24.36% of the company’s stock.

Institutional Investors Weigh In On ACM Research

Several hedge funds have recently modified their holdings of the company. Jefferies Financial Group Inc. purchased a new stake in shares of ACM Research during the 4th quarter valued at $1,054,000. Thompson Siegel & Walmsley LLC raised its position in shares of ACM Research by 71.8% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 188,500 shares of the specialty retailer’s stock worth $7,436,000 after buying an additional 78,800 shares during the period. Vanguard Group Inc. boosted its holdings in ACM Research by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 4,972,103 shares of the specialty retailer’s stock valued at $196,149,000 after acquiring an additional 125,690 shares during the last quarter. RPg Family Wealth Advisory LLC grew its position in ACM Research by 64.2% during the third quarter. RPg Family Wealth Advisory LLC now owns 156,670 shares of the specialty retailer’s stock valued at $6,130,000 after acquiring an additional 61,249 shares during the period. Finally, Yong Rong HK Asset Management Ltd purchased a new stake in ACM Research during the fourth quarter valued at about $2,367,000. 66.75% of the stock is owned by institutional investors and hedge funds.

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.