ACM Research, Inc. (ACMR) – What Are Analysts Saying About This Stock?

ACM Research, Inc. (NASDAQ:ACMR) has received a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $122.75.

A number of research analysts recently issued reports on ACMR shares. Craig Hallum restated a “buy” rating and set a $100.00 price target on shares of ACM Research in a research note on Monday, August 10th. Weiss Ratings cut ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Zacks Research cut ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Finally, Daiwa Securities Group initiated coverage on ACM Research in a report on Wednesday, August 26th. They issued a “buy” rating and a $136.00 price objective for the company.

ACM Research Stock Performance

Shares of ACMR stock opened at $50.55 on Monday. The stock’s 50-day moving average is $71.48 and its two-hundred day moving average is $76.07. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.66 and a current ratio of 3.66. ACM Research has a 1 year low of $28.46 and a 1 year high of $127.19. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 24.07 and a beta of 2.09.

ACM Research (NASDAQ:ACMR) last posted its earnings results on Friday, August 7th. The specialty retailer reported $0.61 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $269.28 million. During the same period in the previous year, the business earned $0.54 EPS. The business’s quarterly revenue was up 36.0% on a year-over-year basis. Analysts predict that ACM Research will post 1.68 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Haiping Dun sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $81.13, for a total value of $405,650.00. Following the completion of the sale, the director owned 5,000 shares in the company, valued at $405,650. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David H. Wang sold 70,000 shares of the stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $74.59, for a total transaction of $5,221,300.00. Following the sale, the insider owned 802,708 shares of the company’s stock, valued at approximately $59,873,989.72. This represents a 8.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 24.36% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Contravisory Investment Management Inc. boosted its stake in shares of ACM Research by 2.3% during the second quarter. Contravisory Investment Management Inc. now owns 5,216 shares of the specialty retailer’s stock valued at $662,000 after acquiring an additional 115 shares during the last quarter. GAMMA Investing LLC increased its position in ACM Research by 14.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,440 shares of the specialty retailer’s stock worth $183,000 after purchasing an additional 182 shares in the last quarter. ProCore Advisors LLC increased its position in ACM Research by 6.0% during the 3rd quarter. ProCore Advisors LLC now owns 4,461 shares of the specialty retailer’s stock worth $361,000 after purchasing an additional 251 shares in the last quarter. First Growth Capital LLC raised its stake in ACM Research by 5.4% in the 1st 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 last quarter. Finally, Yousif Capital Management LLC raised its stake in ACM Research by 2.7% in the 3rd quarter. Yousif Capital Management LLC now owns 15,433 shares of the specialty retailer’s stock valued at $1,249,000 after purchasing an additional 413 shares during the last quarter. 66.75% of the stock is owned by hedge funds and other institutional investors.

ACM Research Company Profile

ACM Research, Inc (NASDAQ: ACMR) develops and manufactures equipment used in semiconductor wafer processing. Its systems are designed to support the fabrication of integrated circuits and other electronic components, with a primary focus on cleaning and other process steps performed during semiconductor manufacturing.

The company’s product portfolio includes single-wafer cleaning systems, wet-cleaning equipment, electrochemical plating systems, and other wafer-processing tools. These products are used by semiconductor manufacturers and foundries in applications involving advanced logic, memory, and specialty devices.