ACM Research, Inc. (NASDAQ:ACMR) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of ACM Research, Inc. (NASDAQ:ACMR) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $38.00.

A number of equities research analysts have recently commented on the company. Zacks Research raised ACM Research from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of ACM Research in a research note on Monday, December 29th. Finally, Roth Capital reissued a “buy” rating and set a $40.00 price objective on shares of ACM Research in a research report on Wednesday, November 5th.

ACM Research Price Performance

Shares of NASDAQ ACMR opened at $53.22 on Friday. The company has a 50 day simple moving average of $37.07 and a two-hundred day simple moving average of $33.82. ACM Research has a fifty-two week low of $14.97 and a fifty-two week high of $53.54. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of 30.94 and a beta of 1.46. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.48 and a current ratio of 3.48.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings results on Wednesday, November 5th. The specialty retailer reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.11). ACM Research had a return on equity of 7.11% and a net margin of 13.30%.The company had revenue of $269.16 million during the quarter, compared to the consensus estimate of $251.72 million. During the same period in the prior year, the firm earned $0.63 earnings per share. The business’s revenue for the quarter was up 32.0% compared to the same quarter last year. Analysts expect that ACM Research will post 1.17 EPS for the current fiscal year.

Insider Activity

In related news, insider Lisa Feng sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $33.77, for a total transaction of $506,550.00. Following the completion of the sale, the insider owned 50,001 shares of the company’s stock, valued at $1,688,533.77. This trade represents a 23.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David H. Wang sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $34.12, for a total transaction of $2,047,200.00. Following the completion of the transaction, the insider owned 802,708 shares of the company’s stock, valued at approximately $27,388,396.96. 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 have sold a total of 265,000 shares of company stock worth $8,849,150 over the last 90 days. 25.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ACMR. Inspire Investing LLC purchased a new stake in shares of ACM Research during the 1st quarter valued at about $655,000. Congress Asset Management Co. lifted its position in ACM Research by 43.0% during the third quarter. Congress Asset Management Co. now owns 281,923 shares of the specialty retailer’s stock valued at $11,032,000 after purchasing an additional 84,747 shares during the period. Acadian Asset Management LLC bought a new position in ACM Research during the first quarter valued at approximately $3,902,000. Teacher Retirement System of Texas boosted its holdings in ACM Research by 79.7% in the second quarter. Teacher Retirement System of Texas now owns 47,840 shares of the specialty retailer’s stock worth $1,239,000 after purchasing an additional 21,216 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in ACM Research in the 2nd quarter worth approximately $471,000. 66.75% of the stock is owned by institutional investors.

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.