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

ACM Research, Inc. (NASDAQ:ACMR)’s share price gapped up prior to trading on Monday . The stock had previously closed at $76.29, but opened at $83.83. ACM Research shares last traded at $80.8450, with a volume of 236,275 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ACMR shares. Weiss Ratings raised ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Wall Street Zen raised ACM Research from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Seaport Research Partners began coverage on ACM Research in a report on Monday, May 4th. They set a “buy” rating and a $75.00 target price for the company. Roth Mkm reiterated a “buy” rating and issued a $100.00 price target on shares of ACM Research in a research report on Monday, June 1st. Finally, Zacks Research cut 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 issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $100.00.

ACM Research Stock Performance

The stock has a market capitalization of $4.97 billion, a PE ratio of 61.69 and a beta of 2.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.52 and a current ratio of 3.51. The firm has a 50 day moving average of $59.44 and a 200-day moving average of $51.89.

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

Insider Activity

In other ACM Research news, insider David H. Wang sold 60,000 shares of ACM Research stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $90.05, for a total transaction of $5,403,000.00. Following the completion of the sale, the insider owned 802,708 shares of the company’s stock, valued at $72,283,855.40. This trade represents a 6.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Sotheara Cheav sold 13,351 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $85.15, for a total transaction of $1,136,837.65. Following the transaction, the insider owned 100,002 shares in the company, valued at approximately $8,515,170.30. This represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 188,752 shares of company stock valued at $13,862,948 in the last three months. 24.36% of the stock is currently owned by insiders.

Institutional Trading of ACM Research

A number of institutional investors have recently bought and sold shares of ACMR. Principal Financial Group Inc. lifted its holdings in shares of ACM Research by 396.3% during the 3rd quarter. Principal Financial Group Inc. now owns 336,993 shares of the specialty retailer’s stock valued at $13,187,000 after buying an additional 269,094 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in ACM Research in the fourth quarter worth approximately $1,054,000. Thompson Siegel & Walmsley LLC raised its position in ACM Research by 71.8% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 188,500 shares of the specialty retailer’s stock valued at $7,436,000 after acquiring an additional 78,800 shares in the last quarter. Vanguard Group Inc. raised its position in ACM Research by 2.6% during 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 in the last quarter. Finally, Public Sector Pension Investment Board acquired a new stake in ACM Research in the third quarter valued at approximately $8,026,000. 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.