ACM Research (NASDAQ:ACMR) Shares Gap Down – Time to Sell?

ACM Research, Inc. (NASDAQ:ACMR) gapped down before the market opened on Thursday . The stock had previously closed at $91.96, but opened at $86.69. ACM Research shares last traded at $87.49, with a volume of 205,180 shares.

Analyst Upgrades and Downgrades

ACMR has been the topic of a number of analyst reports. Weiss Ratings raised ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Roth Capital set a $125.00 target price on shares of ACM Research and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Morgan Stanley restated an “overweight” rating and set a $130.00 target price (up from $90.00) on shares of ACM Research in a research note on Tuesday, June 23rd. Wall Street Zen raised shares of ACM Research from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Seaport Research Partners assumed coverage on shares of ACM Research in a research note on Monday, May 4th. They issued a “buy” rating and a $75.00 price target for the company. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $127.50.

ACM Research Price Performance

The firm has a market capitalization of $5.14 billion, a PE ratio of 64.06 and a beta of 1.90. The company has a current ratio of 3.51, a quick ratio of 2.52 and a debt-to-equity ratio of 0.11. The company has a fifty day moving average price of $89.59 and a two-hundred 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 analysts’ consensus estimates of $0.26 by $0.08. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. The firm had revenue of $231.26 million during the quarter, compared to analysts’ expectations of $215.69 million. During the same quarter in the prior year, the business earned $0.46 EPS. ACM Research’s quarterly revenue was up 34.2% compared to the same quarter last year. Sell-side analysts forecast that ACM Research, Inc. will post 1.02 earnings per share for the current year.

Insider Buying and Selling at ACM Research

In other ACM Research news, insider Sotheara Cheav sold 13,351 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $85.15, for a total transaction of $1,136,837.65. Following the completion of the transaction, the insider owned 100,002 shares in the company, valued at approximately $8,515,170.30. This represents a 11.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Haiping Dun sold 5,000 shares of the firm’s stock in a transaction on 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 sale, the director owned 5,000 shares of the company’s stock, valued at $331,100. This trade represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 123,752 shares of company stock valued at $10,752,198. 24.36% of the stock is owned by company insiders.

Hedge Funds Weigh In On ACM Research

A number of large investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC raised its holdings in ACM Research by 90.1% during the fourth quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 308 shares during the last quarter. Hantz Financial Services Inc. grew 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 valued at $26,000 after purchasing an additional 480 shares during the last quarter. Leonteq Securities AG purchased a new position in shares of ACM Research in the fourth quarter valued at $28,000. EverSource Wealth Advisors LLC increased its position in shares of 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 buying an additional 1,122 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of 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 buying an additional 299 shares in the last quarter. Hedge funds and other institutional investors 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.