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

ACM Research, Inc. (NASDAQ:ACMR)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $106.04, but opened at $100.00. ACM Research shares last traded at $101.9340, with a volume of 264,014 shares traded.

Analysts Set New Price Targets

ACMR has been the topic of a number of analyst reports. Zacks Research lowered ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Wall Street Zen upgraded ACM Research from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. 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 ACM Research in a report on Monday, May 4th. They issued a “buy” rating and a $75.00 target price on the stock. Finally, Roth Capital set a $125.00 target price on shares of ACM Research and gave the company a “buy” rating in a research report on Wednesday, June 17th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.50.

ACM Research Stock Down 2.2%

The firm has a market cap of $6.35 billion, a price-to-earnings ratio of 79.14 and a beta of 1.90. The firm has a 50 day moving average of $85.02 and a 200 day moving average of $62.90. The company has a quick ratio of 2.52, a current ratio of 3.51 and a debt-to-equity ratio of 0.11.

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

Insider Activity at ACM Research

In other ACM Research news, insider David H. Wang sold 40,002 shares of the firm’s stock in a transaction on 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 directly owned 802,708 shares in the company, valued at approximately $68,872,346.40. This trade represents a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Haiping Dun sold 5,000 shares of ACM Research stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $66.22, for a total transaction of $331,100.00. Following the completion of the sale, the director directly owned 5,000 shares of the company’s stock, valued at approximately $331,100. This trade represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 128,752 shares of company stock worth $11,012,198. 24.36% of the stock is owned by insiders.

Institutional Trading of ACM Research

Several large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC increased its position in ACM Research by 90.1% in the 4th quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 308 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in ACM Research by 266.7% in the fourth quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 480 shares in the last quarter. Leonteq Securities AG bought a new position in ACM Research in the fourth quarter worth approximately $28,000. EverSource Wealth Advisors LLC grew its stake in ACM Research by 656.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 1,122 shares during the period. Finally, GAMMA Investing LLC grew its stake in ACM Research by 38.8% in the fourth quarter. GAMMA Investing LLC now owns 1,070 shares of the specialty retailer’s stock valued at $42,000 after acquiring an additional 299 shares during the period. 66.75% of the stock is currently owned by institutional investors and hedge funds.

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.