ACM Research, Inc. (NASDAQ:ACMR) Given Consensus Recommendation of “Moderate Buy” by Analysts

ACM Research, Inc. (NASDAQ:ACMR) has been assigned an average rating of “Moderate Buy” from the four analysts that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $127.50.

Several brokerages have recently issued reports on ACMR. Morgan Stanley reissued an “overweight” rating and issued a $130.00 price objective (up from $90.00) on shares of ACM Research in a report on Tuesday, June 23rd. Seaport Research Partners began coverage on ACM Research in a research report on Monday, May 4th. They set a “buy” rating and a $75.00 price target for the company. 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 raised shares of ACM Research from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Roth Capital set a $125.00 target price on shares of ACM Research and gave the company a “buy” rating in a report on Wednesday, June 17th.

ACM Research Trading Down 0.2%

Shares of NASDAQ:ACMR opened at $83.92 on Friday. 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 has a 52-week low of $23.03 and a 52-week high of $127.19. The stock has a market cap of $5.14 billion, a price-to-earnings ratio of 64.06 and a beta of 1.90. The business has a 50-day moving average price of $89.59 and a 200-day moving average price of $64.94.

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

Insider Activity at ACM Research

In other ACM Research news, insider David H. Wang sold 40,002 shares of ACM Research 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 transaction, the insider owned 802,708 shares of the company’s stock, valued at approximately $68,872,346.40. The trade was a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $331,100.00. Following the completion of the transaction, the director owned 5,000 shares of the company’s stock, valued at approximately $331,100. This trade represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 123,752 shares of company stock worth $10,752,198. 24.36% of the stock is owned by company insiders.

Hedge Funds Weigh In On ACM Research

Large investors have recently bought and sold shares of the business. Handelsbanken Fonder AB boosted its position in ACM Research by 31.4% during the second quarter. Handelsbanken Fonder AB now owns 20,900 shares of the specialty retailer’s stock worth $2,652,000 after purchasing an additional 5,000 shares in the last quarter. Key Client Fiduciary Advisors LLC purchased a new stake in shares of ACM Research in the second quarter valued at approximately $252,000. Contravisory Investment Management Inc. raised its stake in shares of ACM Research by 2.3% during the 2nd quarter. Contravisory Investment Management Inc. now owns 5,216 shares of the specialty retailer’s stock worth $662,000 after buying an additional 115 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of ACM Research during the 2nd quarter valued at approximately $888,000. Finally, GAMMA Investing LLC lifted its position in shares of ACM Research by 14.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,440 shares of the specialty retailer’s stock valued at $183,000 after buying an additional 182 shares in the last quarter. Institutional investors and hedge funds own 66.75% of the company’s stock.

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.