ACM Research (NASDAQ:ACMR) Shares Gap Down – What’s Next?

ACM Research, Inc. (NASDAQ:ACMR) gapped down prior to trading on Friday . The stock had previously closed at $106.86, but opened at $100.98. ACM Research shares last traded at $103.6370, with a volume of 142,847 shares traded.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ACMR shares. Weiss Ratings raised shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Roth Mkm set a $125.00 price target on shares of ACM Research and gave the stock a “buy” rating in a report on Wednesday, June 17th. Zacks Research lowered shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Wall Street Zen raised shares of ACM Research from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Morgan Stanley restated an “overweight” rating and set a $130.00 price objective (up from $90.00) on shares of ACM Research in a research report on Tuesday. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $127.50.

ACM Research Stock Performance

The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.52 and a current ratio of 3.51. The firm has a market cap of $6.26 billion, a P/E ratio of 77.66 and a beta of 2.01. The company’s 50 day moving average is $74.15 and its 200 day moving average is $58.12.

ACM Research (NASDAQ:ACMR) last posted its earnings results on Thursday, May 7th. The specialty retailer reported $0.34 EPS for the quarter, beating the consensus estimate of $0.26 by $0.08. ACM Research had a return on equity of 4.17% and a net margin of 9.48%.The firm had revenue of $231.26 million during the quarter, compared to the consensus estimate of $215.69 million. During the same period last year, the company earned $0.46 earnings per share. The business’s quarterly revenue was up 34.2% on a year-over-year basis. As a group, equities analysts predict that ACM Research, Inc. will post 1.02 earnings per share for the current fiscal year.

Insider Buying and Selling at ACM Research

In other ACM Research news, Director Haiping Dun sold 5,000 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $66.22, for a total value of $331,100.00. Following the sale, the director owned 5,000 shares in the company, valued at approximately $331,100. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Charles C. Pappis sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $52.00, for a total transaction of $260,000.00. Following the transaction, the director owned 5,000 shares of the company’s stock, valued at approximately $260,000. The trade was a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 128,752 shares of company stock worth $11,012,198 over the last ninety days. Insiders own 24.36% of the company’s stock.

Hedge Funds Weigh In On ACM Research

A number of large investors have recently modified their holdings of the company. NewEdge Advisors LLC lifted its stake in shares of ACM Research by 381.0% in the first quarter. NewEdge Advisors LLC now owns 1,087 shares of the specialty retailer’s stock valued at $43,000 after buying an additional 861 shares in the last quarter. Bank of America Corp DE increased its holdings in ACM Research by 33.4% during the 1st quarter. Bank of America Corp DE now owns 402,412 shares of the specialty retailer’s stock worth $15,835,000 after purchasing an additional 100,700 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of ACM Research by 32.4% in the first quarter. California State Teachers Retirement System now owns 63,131 shares of the specialty retailer’s stock worth $2,484,000 after purchasing an additional 15,460 shares during the last quarter. Royal Bank of Canada lifted its stake in ACM Research by 26.0% during the 1st quarter. Royal Bank of Canada now owns 4,118 shares of the specialty retailer’s stock valued at $162,000 after acquiring an additional 849 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new stake in ACM Research in the 1st quarter worth about $1,693,000. 66.75% of the stock is currently owned by institutional investors.

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.