ACM Research (NASDAQ:ACMR) Trading Down 6.1% – Should You Sell?

Shares of ACM Research, Inc. (NASDAQ:ACMR) were down 6.1% during mid-day trading on Wednesday . The stock traded as low as $77.79 and last traded at $79.25. 317,990 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 1,448,391 shares. The stock had previously closed at $84.37.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Craig Hallum reissued a “buy” rating and set a $100.00 target price on shares of ACM Research in a report on Monday, August 10th. Morgan Stanley reaffirmed an “overweight” rating and issued a $130.00 price target (up from $90.00) on shares of ACM Research in a research note on Tuesday, June 23rd. Seaport Research Partners initiated coverage on ACM Research in a research note on Monday, May 4th. They issued a “buy” rating and a $75.00 price objective for the company. Zacks Research upgraded ACM Research from a “hold” rating to a “strong-buy” rating in a report on Monday. Finally, Wall Street Zen raised shares of ACM Research from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $118.33.

ACM Research Stock Performance

The company has a current ratio of 3.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.08. The stock’s fifty day simple moving average is $91.40 and its 200 day simple moving average is $70.37. The company has a market cap of $5.08 billion, a price-to-earnings ratio of 37.39 and a beta of 1.96.

ACM Research (NASDAQ:ACMR) last issued its earnings results on Friday, August 7th. The specialty retailer reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.19. ACM Research had a return on equity of 4.08% and a net margin of 14.48%.The business had revenue of $292.92 million for the quarter, compared to analysts’ expectations of $269.28 million. During the same period in the previous year, the firm posted $0.54 EPS. The business’s revenue for the quarter was up 36.0% compared to the same quarter last year. As a group, analysts anticipate that ACM Research, Inc. will post 1.68 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider David H. Wang sold 40,002 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $85.80, for a total value of $3,432,171.60. Following the completion of the sale, the insider owned 802,708 shares of the company’s stock, valued at approximately $68,872,346.40. This represents a 4.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Haiping Dun sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $81.13, for a total transaction of $405,650.00. Following the sale, the director owned 5,000 shares of the company’s stock, valued at approximately $405,650. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 123,752 shares of company stock valued at $10,826,748 in the last three months. 24.36% of the stock is currently owned by insiders.

Institutional Trading of ACM Research

Several hedge funds have recently made changes to their positions in ACMR. Jefferies Financial Group Inc. purchased a new stake in shares of ACM Research in the 4th quarter valued at approximately $1,054,000. Vanguard Group Inc. increased its holdings in ACM Research by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 4,972,103 shares of the specialty retailer’s stock valued at $196,149,000 after purchasing an additional 125,690 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its position in ACM Research by 71.8% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 188,500 shares of the specialty retailer’s stock valued at $7,436,000 after purchasing an additional 78,800 shares during the period. Penn Capital Management Company LLC acquired a new position in ACM Research during the fourth quarter worth $17,212,000. Finally, Yong Rong HK Asset Management Ltd purchased a new position in shares of ACM Research during the fourth quarter worth $2,367,000. Hedge funds and other institutional investors own 66.75% of the company’s stock.

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.