ACM Research (NASDAQ:ACMR) Trading Down 5.4%

ACM Research, Inc. (NASDAQ:ACMR) shares dropped 5.4% during trading on Friday . The company traded as low as $25.39 and last traded at $25.94. Approximately 554,905 shares changed hands during trading, a decline of 67% from the average daily volume of 1,658,906 shares. The stock had previously closed at $27.41.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ACMR shares. 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 report on Thursday, February 29th. Needham & Company LLC lifted their price target on shares of ACM Research from $24.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Roth Mkm boosted their price objective 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. Finally, Benchmark upped their price target 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. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $31.88.

ACM Research Trading Down 7.7 %

The firm’s 50-day moving average price is $27.08 and its 200-day moving average price is $21.11. The company has a quick ratio of 1.26, a current ratio of 2.35 and a debt-to-equity ratio of 0.06. The company has a market cap of $1.42 billion, a P/E ratio of 21.83 and a beta of 1.39.

ACM Research (NASDAQ:ACMR) last announced its quarterly earnings data on Wednesday, February 28th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.27. ACM Research had a net margin of 13.87% and a return on equity of 9.23%. The company had revenue of $170.30 million during the quarter, compared to analysts’ expectations of $149.54 million. During the same quarter in the prior year, the company earned $0.15 EPS. The firm’s revenue was up 57.0% on a year-over-year basis. As a group, equities research analysts expect that ACM Research, Inc. will post 1.22 earnings per share for the current fiscal year.

Insider Activity

In other ACM Research news, insider Sotheara Cheav sold 5,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $29.09, for a total value of $145,450.00. Following the sale, the insider now owns 105,002 shares in the company, valued at approximately $3,054,508.18. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Sotheara Cheav sold 5,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $29.09, for a total transaction of $145,450.00. Following the transaction, the insider now directly owns 105,002 shares in the company, valued at $3,054,508.18. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Tracy Liu sold 12,500 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $25.20, for a total transaction of $315,000.00. Following the sale, the director now directly owns 110,772 shares of the company’s stock, valued at approximately $2,791,454.40. The disclosure for this sale can be found here. Insiders sold a total of 149,434 shares of company stock valued at $4,375,572 in the last 90 days. Company insiders own 33.63% of the company’s stock.

Institutional Trading of ACM Research

Several institutional investors have recently modified their holdings of the stock. Spire Wealth Management acquired a new stake in ACM Research during the 3rd quarter worth approximately $27,000. Advisor Group Holdings Inc. boosted its stake in ACM Research by 166.4% during the 1st quarter. Advisor Group Holdings Inc. now owns 1,500 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 937 shares during the period. Great West Life Assurance Co. Can lifted its stake in shares of ACM Research by 210.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 1,752 shares of the specialty retailer’s stock worth $39,000 after acquiring an additional 1,188 shares during the period. Federated Hermes Inc. acquired a new stake in shares of ACM Research in the third quarter valued at about $46,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of ACM Research by 205.7% in the second quarter. Tower Research Capital LLC TRC now owns 3,968 shares of the specialty retailer’s stock valued at $52,000 after purchasing an additional 2,670 shares during the period. Institutional investors and hedge funds own 66.75% of the company’s stock.

ACM Research Company Profile

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.