ACM Research (NASDAQ:ACMR) Hits New 1-Year High – Should You Buy?

ACM Research, Inc. (NASDAQ:ACMR) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $104.99 and last traded at $96.19, with a volume of 2011306 shares changing hands. The stock had previously closed at $91.18.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ACMR. Zacks Research lowered shares of ACM Research from a “strong-buy” rating to a “hold” rating in a report 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. Seaport Research Partners began coverage on shares of ACM Research in a report on Monday, May 4th. They issued a “buy” rating and a $75.00 price objective for the company. Roth Mkm set a $125.00 price objective on shares of ACM Research in a report on Wednesday. Finally, Weiss Ratings upgraded shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, ACM Research currently has a consensus rating of “Hold” and an average price target of $125.00.

ACM Research Trading Up 5.5%

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 firm’s fifty day simple moving average is $67.21 and its 200-day simple moving average is $55.11. The stock has a market cap of $5.89 billion, a P/E ratio of 73.43 and a beta of 2.01.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings results on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $215.69 million. During the same quarter last year, the business earned $0.46 EPS. The company’s revenue was up 34.2% compared to the same quarter last year. Equities research analysts expect that ACM Research, Inc. will post 1.02 EPS for the current fiscal year.

Insider Activity

In other ACM Research news, 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 transaction, the director directly owned 5,000 shares of the company’s stock, valued at $331,100. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sotheara Cheav sold 13,351 shares of ACM Research stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $85.15, for a total transaction of $1,136,837.65. Following the transaction, the insider directly owned 100,002 shares in the company, valued at $8,515,170.30. This represents a 11.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 128,752 shares of company stock valued at $11,012,198 over the last quarter. 24.36% of the stock is owned by insiders.

Hedge Funds Weigh In On ACM Research

Hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its holdings in shares of ACM Research by 90.1% in the 4th quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock worth $26,000 after buying an additional 308 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of ACM Research by 266.7% in the 4th quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock worth $26,000 after buying an additional 480 shares during the last quarter. Leonteq Securities AG purchased a new position in shares of ACM Research in the 4th quarter worth about $28,000. Jones Financial Companies Lllp boosted its holdings in shares of ACM Research by 206.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock worth $29,000 after buying an additional 515 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of ACM Research by 656.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock worth $33,000 after buying an additional 1,122 shares during the last quarter. 66.75% of the stock is owned by hedge funds and other institutional investors.

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.