ACM Research (NASDAQ:ACMR) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of ACM Research (NASDAQ:ACMRFree Report) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

A number of other equities analysts have also issued reports on ACMR. Seaport Research Partners started coverage on ACM Research in a report on Monday, May 4th. They set a “buy” rating and a $75.00 price target on the stock. Weiss Ratings raised ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Finally, Zacks Research lowered ACM Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $40.00.

Check Out Our Latest Research Report on ACMR

ACM Research Stock Up 1.1%

ACMR opened at $59.85 on Friday. The business’s 50-day simple moving average is $48.52 and its 200-day simple moving average is $46.20. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.33 and a current ratio of 3.51. ACM Research has a one year low of $21.87 and a one year high of $71.65. The stock has a market capitalization of $3.66 billion, a P/E ratio of 45.69 and a beta of 1.82.

ACM Research (NASDAQ:ACMRGet Free Report) last posted its earnings results on Thursday, May 7th. The specialty retailer reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. ACM Research had a return on equity of 4.17% and a net margin of 9.48%.The business had revenue of $231.26 million for the quarter, compared to analysts’ expectations of $215.69 million. During the same quarter in the previous year, the firm earned $0.46 earnings per share. The business’s revenue was up 34.2% compared to the same quarter last year. Analysts anticipate that ACM Research will post 1.2 EPS for the current year.

Insider Transactions at ACM Research

In other ACM Research news, Director Tracy Liu sold 45,000 shares of ACM Research stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $47.38, for a total value of $2,132,100.00. Following the sale, the director owned 110,772 shares of the company’s stock, valued at approximately $5,248,377.36. The trade was a 28.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles C. Pappis sold 5,000 shares of ACM Research stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $52.00, for a total value of $260,000.00. Following the completion of the sale, the director directly owned 5,000 shares in the company, valued at $260,000. This represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 65,000 shares of company stock worth $3,110,750. Corporate insiders own 25.00% of the company’s stock.

Institutional Investors Weigh In On ACM Research

Institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its holdings in ACM Research by 396.3% in the 3rd quarter. Principal Financial Group Inc. now owns 336,993 shares of the specialty retailer’s stock valued at $13,187,000 after purchasing an additional 269,094 shares in the last quarter. SG Americas Securities LLC purchased a new stake in ACM Research in the 3rd quarter valued at approximately $886,000. Hussman Strategic Advisors Inc. purchased a new stake in ACM Research in the 3rd quarter valued at approximately $2,054,000. State of Alaska Department of Revenue purchased a new stake in ACM Research in the 3rd quarter valued at approximately $1,011,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in ACM Research in the 3rd quarter valued at approximately $2,028,000. Hedge funds and other institutional investors own 66.75% of the company’s stock.

ACM Research News Roundup

Here are the key news stories impacting ACM Research this week:

ACM Research Company Profile

(Get Free Report)

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.

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