ACM Research (NASDAQ:ACMR) Shares Up 5.4%

ACM Research, Inc. (NASDAQ:ACMRGet Free Report) rose 5.4% during trading on Monday . The stock traded as high as $30.93 and last traded at $30.70. Approximately 170,835 shares changed hands during trading, a decline of 90% from the average daily volume of 1,760,211 shares. The stock had previously closed at $29.14.

Analysts Set New Price Targets

ACMR has been the subject of several recent analyst reports. The Goldman Sachs Group raised shares of ACM Research from a “neutral” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Thursday, February 29th. Needham & Company LLC raised their target price on shares of ACM Research from $24.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Benchmark lifted their price objective on shares of ACM Research from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, Roth Mkm increased their target price on shares of ACM Research from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $31.88.

Read Our Latest Stock Analysis on ACMR

ACM Research Price Performance

The company has a market cap of $1.71 billion, a price-to-earnings ratio of 26.05 and a beta of 1.39. The company’s 50 day moving average price is $24.24 and its 200 day moving average price is $20.08. The company has a current ratio of 2.35, a quick ratio of 1.26 and a debt-to-equity ratio of 0.06.

ACM Research (NASDAQ:ACMRGet Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The specialty retailer reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.27. The firm had revenue of $170.30 million during the quarter, compared to the consensus estimate of $149.54 million. ACM Research had a net margin of 13.87% and a return on equity of 9.23%. The firm’s revenue was up 57.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.15 earnings per share. Equities research analysts forecast that ACM Research, Inc. will post 1.22 earnings per share for the current year.

Insider Buying and Selling at ACM Research

In related news, insider Sotheara Cheav sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $29.09, for a total value of $145,450.00. Following the completion of the transaction, the insider now directly owns 105,002 shares of the company’s stock, valued at approximately $3,054,508.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Haiping Dun sold 15,000 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $30.36, for a total value of $455,400.00. Following the sale, the director now directly owns 874,524 shares in the company, valued at $26,550,548.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sotheara Cheav sold 5,000 shares of ACM Research stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $29.09, for a total transaction of $145,450.00. Following the sale, the insider now owns 105,002 shares of the company’s stock, valued at $3,054,508.18. The disclosure for this sale can be found here. Over the last quarter, insiders sold 159,434 shares of company stock valued at $4,595,572. 33.63% of the stock is owned by company insiders.

Institutional Investors Weigh In On ACM Research

Hedge funds have recently made changes to their positions in the business. Transcendent Capital Group LLC purchased a new position in shares of ACM Research during the 4th quarter worth about $145,000. Price T Rowe Associates Inc. MD grew its stake in shares of ACM Research by 5.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,402 shares of the specialty retailer’s stock valued at $575,000 after buying an additional 1,387 shares during the period. Legal & General Group Plc increased its holdings in shares of ACM Research by 3.4% during the 4th quarter. Legal & General Group Plc now owns 39,670 shares of the specialty retailer’s stock worth $775,000 after buying an additional 1,303 shares during the last quarter. Barclays PLC raised its position in shares of ACM Research by 71.0% in the 4th quarter. Barclays PLC now owns 144,452 shares of the specialty retailer’s stock worth $2,823,000 after buying an additional 59,986 shares during the period. Finally, Oberweis Asset Management Inc. boosted its holdings in ACM Research by 15.1% in the fourth quarter. Oberweis Asset Management Inc. now owns 393,400 shares of the specialty retailer’s stock valued at $7,687,000 after acquiring an additional 51,600 shares during the last quarter. Institutional investors and hedge funds own 66.75% of the company’s stock.

About ACM Research

(Get Free Report)

ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.

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