ACM Research (NASDAQ:ACMR) Reaches New 52-Week High – Time to Buy?

Shares of ACM Research, Inc. (NASDAQ:ACMR) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $56.45 and last traded at $56.1080, with a volume of 609880 shares changing hands. The stock had previously closed at $53.95.

Analysts Set New Price Targets

ACMR has been the topic of a number of research analyst reports. Roth Mkm reaffirmed a “buy” rating and set a $40.00 target price on shares of ACM Research in a report on Wednesday, November 5th. Zacks Research raised shares of ACM Research from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Weiss Ratings raised shares of ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, ACM Research presently has a consensus rating of “Moderate Buy” and an average price target of $38.00.

ACM Research Price Performance

The company has a debt-to-equity ratio of 0.10, a current ratio of 3.48 and a quick ratio of 2.48. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of 32.44 and a beta of 1.46. The stock’s fifty day moving average price is $41.60 and its 200-day moving average price is $36.01.

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

Insider Activity at ACM Research

In other ACM Research news, insider David H. Wang sold 60,000 shares of the business’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $34.12, for a total value of $2,047,200.00. Following the transaction, the insider owned 802,708 shares in the company, valued at $27,388,396.96. The trade was a 6.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Fuping Chen sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $33.06, for a total value of $661,200.00. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 265,000 shares of company stock valued at $8,849,150. Insiders own 25.00% of the company’s stock.

Institutional Trading of ACM Research

Institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its holdings in shares of ACM Research by 90.1% during the 4th quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 308 shares in the last quarter. Jones Financial Companies Lllp increased its position in ACM Research by 206.8% during the third quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock worth $29,000 after buying an additional 515 shares during the last quarter. SBI Securities Co. Ltd. raised its holdings in ACM Research by 78.9% during the third quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock valued at $33,000 after buying an additional 367 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of ACM Research by 656.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock worth $33,000 after buying an additional 1,122 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of ACM Research by 38.8% in the fourth quarter. GAMMA Investing LLC now owns 1,070 shares of the specialty retailer’s stock worth $42,000 after buying an additional 299 shares during the last quarter. 66.75% of the stock is currently owned by institutional investors and hedge funds.

About ACM Research

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.