ACM Research (NASDAQ:ACMR) Sets New 12-Month High – Still a Buy?

ACM Research, Inc. (NASDAQ:ACMR) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $95.39 and last traded at $95.6790, with a volume of 236743 shares trading hands. The stock had previously closed at $91.70.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ACMR. Zacks Research lowered shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Wall Street Zen upgraded shares of ACM Research from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Roth Mkm reissued a “buy” rating and set a $100.00 target price on shares of ACM Research in a research report on Monday, June 1st. Seaport Research Partners began coverage on ACM Research in a report on Monday, May 4th. They set a “buy” rating and a $75.00 target price on the stock. Finally, Weiss Ratings raised ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $100.00.

ACM Research Stock Up 6.1%

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 business’s 50 day moving average is $62.94 and its 200-day moving average is $53.38. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of 74.29 and a beta of 2.01.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings data 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 business had revenue of $231.26 million during the quarter, compared to analysts’ expectations of $215.69 million. ACM Research had a return on equity of 4.17% and a net margin of 9.48%.The firm’s revenue was up 34.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.46 EPS. Equities analysts anticipate that ACM Research, Inc. will post 1.02 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Charles C. Pappis sold 5,000 shares of the firm’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $52.00, for a total value of $260,000.00. Following the sale, the director owned 5,000 shares in the company, valued at approximately $260,000. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Sotheara Cheav sold 5,399 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $83.18, for a total transaction of $449,088.82. Following the transaction, the insider directly owned 100,002 shares in the company, valued at $8,318,166.36. This trade represents a 5.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 128,752 shares of company stock valued at $11,012,198 over the last ninety days. 24.36% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in ACM Research by 10.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,061 shares of the specialty retailer’s stock valued at $748,000 after acquiring an additional 3,065 shares during the period. Caxton Associates LLP bought a new stake in shares of ACM Research in the 1st quarter worth approximately $250,000. Strs Ohio acquired a new stake in shares of ACM Research during the 1st quarter worth approximately $133,000. Creative Planning acquired a new stake in shares of ACM Research during the 2nd quarter worth approximately $212,000. Finally, Norges Bank bought a new stake in shares of ACM Research during the second quarter valued at approximately $739,000. Institutional investors and hedge funds own 66.75% of the company’s stock.

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.