ACM Research, Inc. (NASDAQ:ACMR) Stock Rated “Buy” by Sell-Side Analysts

Shares of ACM Research, Inc. (NASDAQ:ACMR) have received a consensus rating of “Buy” from the six research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $122.75.

Several research analysts recently issued reports on ACMR shares. Daiwa Securities Group assumed coverage on shares of ACM Research in a research report on Wednesday, August 26th. They issued a “buy” rating and a $136.00 target price for the company. Weiss Ratings downgraded shares of ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, September 24th. Roth Capital set a $125.00 price target on ACM Research and gave the company a “buy” rating in a research report on Wednesday, June 17th. Zacks Research upgraded shares of ACM Research from a “hold” rating to a “strong-buy” rating in a report on Monday, August 17th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $130.00 price target (up from $90.00) on shares of ACM Research in a research note on Tuesday, June 23rd.

ACM Research Trading Down 3.4%

ACM Research stock opened at $72.77 on Thursday. The stock has a market cap of $4.71 billion, a P/E ratio of 34.65 and a beta of 2.09. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.66 and a current ratio of 3.66. The firm’s fifty day moving average price is $76.49 and its 200-day moving average price is $74.58. ACM Research has a fifty-two week low of $28.46 and a fifty-two week high of $127.19.

ACM Research (NASDAQ:ACMR) last issued 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. ACM Research had a return on equity of 4.08% and a net margin of 14.48%.The firm had revenue of $292.92 million during the quarter, compared to the consensus estimate of $269.28 million. During the same quarter last year, the company posted $0.54 EPS. The company’s revenue for the quarter was up 36.0% on a year-over-year basis. Equities research analysts forecast that ACM Research will post 1.68 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Haiping Dun sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $81.13, for a total transaction of $405,650.00. Following the sale, the director owned 5,000 shares in the company, valued at approximately $405,650. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David H. Wang sold 70,000 shares of the company’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $74.59, for a total transaction of $5,221,300.00. Following the completion of the sale, the insider owned 802,708 shares in the company, valued at approximately $59,873,989.72. This trade represents a 8.02% decrease in their position. The SEC filing for this sale provides additional information. 24.36% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On ACM Research

Institutional investors have recently modified their holdings of the stock. Hantz Financial Services Inc. grew its holdings in shares of ACM Research by 266.7% during the fourth quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 480 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in ACM Research by 381.0% in the first quarter. NewEdge Advisors LLC now owns 1,087 shares of the specialty retailer’s stock valued at $43,000 after acquiring an additional 861 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of ACM Research during the 1st quarter valued at about $80,000. Global Retirement Partners LLC lifted its stake in shares of ACM Research by 76,500.0% in the 4th quarter. Global Retirement Partners LLC now owns 2,298 shares of the specialty retailer’s stock worth $91,000 after purchasing an additional 2,295 shares during the period. Finally, Harbor Investment Advisory LLC lifted its stake in shares of ACM Research by 195.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 738 shares of the specialty retailer’s stock worth $94,000 after purchasing an additional 488 shares during the period. 66.75% of the stock is owned by hedge funds and other institutional investors.

ACM Research Company Profile

ACM Research, Inc (NASDAQ: ACMR) develops, manufactures and sells semiconductor wafer-processing equipment used by integrated device manufacturers, foundries and advanced packaging companies. Its systems are designed to support processes involved in producing semiconductor devices, including wafer cleaning, surface preparation and related fabrication steps.

The company’s product portfolio includes single-wafer cleaning systems, batch wafer-cleaning equipment, wet-processing systems and tools for specialized applications such as wafer bevel cleaning and advanced packaging.