Brokerages Set ACM Research, Inc. (NASDAQ:ACMR) Price Target at $127.50

ACM Research, Inc. (NASDAQ:ACMR) has received a consensus recommendation of “Moderate Buy” from the four ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $127.50.

ACMR has been the topic of a number of research reports. Weiss Ratings raised ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Seaport Research Partners started coverage on shares of ACM Research in a report on Monday, May 4th. They issued a “buy” rating and a $75.00 target price on the stock. Roth Mkm set a $125.00 target price 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 report on Monday, April 27th. Finally, Wall Street Zen upgraded shares of ACM Research from a “sell” rating to a “hold” rating in a report on Saturday, May 9th.

Insider Buying and Selling at ACM Research

In other ACM Research news, insider David H. Wang sold 40,002 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $85.80, for a total value of $3,432,171.60. Following the completion of the sale, the insider owned 802,708 shares in the company, valued at approximately $68,872,346.40. This trade represents a 4.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Sotheara Cheav sold 5,399 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $83.18, for a total value of $449,088.82. Following the completion of the transaction, the insider directly owned 100,002 shares of the company’s stock, valued at approximately $8,318,166.36. This represents a 5.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 128,752 shares of company stock worth $11,012,198. 24.36% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ACM Research

Several institutional investors have recently modified their holdings of ACMR. Farther Finance Advisors LLC grew its holdings in shares of ACM Research by 90.1% in the fourth quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 308 shares in the last quarter. Hantz Financial Services Inc. increased its stake in shares of ACM Research by 266.7% during the 4th quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 480 shares during the last quarter. Leonteq Securities AG purchased a new stake in shares of ACM Research during the 4th quarter worth approximately $28,000. Jones Financial Companies Lllp increased its stake in shares of ACM Research by 206.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 515 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of ACM Research by 656.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 1,122 shares during the last quarter. 66.75% of the stock is owned by institutional investors.

ACM Research Stock Up 13.8%

ACMR stock opened at $118.88 on Tuesday. The stock’s 50 day simple moving average is $76.66 and its 200 day simple moving average is $59.17. ACM Research has a fifty-two week low of $23.03 and a fifty-two week high of $120.70. 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 company has a market cap of $7.28 billion, a P/E ratio of 90.75 and a beta of 2.00.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings results on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share 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 the consensus estimate of $215.69 million. During the same period in the prior year, the business earned $0.46 EPS. The firm’s revenue for the quarter was up 34.2% on a year-over-year basis. On average, research analysts expect that ACM Research will post 1.02 earnings per share for the current fiscal year.

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.