ACM Research (NASDAQ:ACMR) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of ACM Research (NASDAQ:ACMR) from a hold rating to a strong-buy rating in a report issued on Monday morning,Zacks.com reports.

Other research analysts have also recently issued reports about the stock. Morgan Stanley reissued an “overweight” rating and set a $130.00 price objective (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 “buy (b-)” rating in a report on Tuesday, August 11th. Wall Street Zen raised shares of ACM Research from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Roth Capital set a $125.00 target price on shares of ACM Research and gave the company a “buy” rating in a research note on Wednesday, June 17th. Finally, Craig Hallum reissued a “buy” rating and set a $100.00 price target on shares of ACM Research in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $118.33.

ACM Research Trading Down 1.5%

ACM Research stock opened at $84.37 on Monday. ACM Research has a one year low of $24.14 and a one year high of $127.19. The business’s fifty day moving average is $91.71 and its 200 day moving average is $70.06. The stock has a market capitalization of $5.46 billion, a PE ratio of 40.18 and a beta of 1.96. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.66 and a quick ratio of 2.66.

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 analysts’ consensus estimates of $0.42 by $0.19. The business had revenue of $292.92 million during the quarter, compared to analyst estimates of $269.28 million. ACM Research had a return on equity of 4.08% and a net margin of 14.48%.ACM Research’s revenue was up 36.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 EPS. On average, sell-side analysts predict that ACM Research will post 1.68 EPS for the current year.

Insider Activity at ACM Research

In other ACM Research news, insider Sotheara Cheav sold 13,351 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider directly owned 100,002 shares of the company’s stock, valued at approximately $8,515,170.30. This represents a 11.78% 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, insider David H. Wang sold 60,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $90.05, for a total transaction of $5,403,000.00. Following the completion of the transaction, the insider owned 802,708 shares in the company, valued at $72,283,855.40. The trade was a 6.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 118,752 shares of company stock worth $10,421,098 in the last quarter. Company insiders own 24.36% of the company’s stock.

Institutional Trading of ACM Research

Hedge funds have recently bought and sold shares of the stock. Contravisory Investment Management Inc. grew its stake in shares of ACM Research by 2.3% in the 2nd quarter. Contravisory Investment Management Inc. now owns 5,216 shares of the specialty retailer’s stock worth $662,000 after buying an additional 115 shares in the last quarter. Maryland State Retirement & Pension System raised its position in shares of ACM Research by 2.2% during the 4th quarter. Maryland State Retirement & Pension System now owns 7,764 shares of the specialty retailer’s stock valued at $306,000 after buying an additional 168 shares in the last quarter. GAMMA Investing LLC grew its position in ACM Research by 14.5% in the second quarter. GAMMA Investing LLC now owns 1,440 shares of the specialty retailer’s stock worth $183,000 after acquiring an additional 182 shares in the last quarter. MML Investors Services LLC grew its position in ACM Research by 1.0% in the fourth quarter. MML Investors Services LLC now owns 22,851 shares of the specialty retailer’s stock worth $901,000 after acquiring an additional 217 shares in the last quarter. Finally, First Growth Capital LLC increased its stake in ACM Research by 5.4% during the first quarter. First Growth Capital LLC now owns 5,598 shares of the specialty retailer’s stock worth $226,000 after acquiring an additional 285 shares during the last quarter. 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.