ACM Research (NASDAQ:ACMR) Trading Down 4.6% – Here’s What Happened

ACM Research, Inc. (NASDAQ:ACMR)’s stock price was down 4.6% during trading on Thursday . The company traded as low as $67.21 and last traded at $66.65. 60,247 shares were traded during mid-day trading, a decline of 96% from the average session volume of 1,407,064 shares. The stock had previously closed at $69.90.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ACMR. Roth Capital set a $125.00 price objective on shares of ACM Research and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Daiwa Securities Group began coverage on ACM Research in a research report on Wednesday, August 26th. They issued a “buy” rating and a $136.00 target price for the company. Wall Street Zen raised ACM Research from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research upgraded ACM Research from a “hold” rating to a “strong-buy” rating in a report on Monday, August 17th. Finally, Craig Hallum reissued a “buy” rating and issued a $100.00 price objective on shares of ACM Research in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $122.75.

ACM Research Stock Performance

The firm has a market cap of $4.81 billion, a P/E ratio of 35.45 and a beta of 1.96. The company has a current ratio of 3.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.08. The company’s 50-day moving average is $85.71 and its two-hundred day moving average is $71.32.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings results on Friday, August 7th. The specialty retailer reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.19. The business had revenue of $292.92 million during the quarter, compared to the consensus estimate of $269.28 million. ACM Research had a return on equity of 4.08% and a net margin of 14.48%.The company’s quarterly revenue was up 36.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 EPS. As a group, equities analysts predict that ACM Research, Inc. will post 1.68 EPS for the current fiscal year.

Insider Buying and Selling at ACM Research

In related news, Director Haiping Dun sold 5,000 shares of ACM Research stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $81.13, for a total transaction of $405,650.00. Following the transaction, the director owned 5,000 shares of the company’s stock, valued at $405,650. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 24.36% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On ACM Research

Several large investors have recently bought and sold shares of ACMR. California State Teachers Retirement System boosted its holdings in ACM Research by 11,899.8% during the 2nd quarter. California State Teachers Retirement System now owns 7,575,587 shares of the specialty retailer’s stock worth $961,266,000 after acquiring an additional 7,512,456 shares during the last quarter. WCM Investment Management LLC raised its holdings in shares of ACM Research by 16,878.8% in the first quarter. WCM Investment Management LLC now owns 1,860,874 shares of the specialty retailer’s stock valued at $70,583,000 after purchasing an additional 1,849,914 shares during the last quarter. Invesco Ltd. raised its holdings in shares of ACM Research by 444.5% in the fourth quarter. Invesco Ltd. now owns 1,342,136 shares of the specialty retailer’s stock valued at $52,947,000 after purchasing an additional 1,095,634 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of ACM Research by 1,406.4% during the fourth quarter. Janus Henderson Group PLC now owns 1,082,982 shares of the specialty retailer’s stock valued at $42,740,000 after purchasing an additional 1,011,088 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in ACM Research by 58.8% during the fourth quarter. Morgan Stanley now owns 1,392,306 shares of the specialty retailer’s stock worth $54,926,000 after purchasing an additional 515,340 shares during the last quarter. 66.75% of the stock is currently owned by 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.