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

Shares of ACM Research, Inc. (NASDAQ:ACMR) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $122.75.

A number of research analysts have recently weighed in on the company. Weiss Ratings lowered ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 23rd. Craig Hallum restated a “buy” rating and set a $100.00 price target on shares of ACM Research in a report on Monday, August 10th. Zacks Research cut shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Finally, Daiwa Securities Group started coverage on ACM Research in a research note on Wednesday, August 26th. They set a “buy” rating and a $136.00 target price on the stock.

ACM Research Price Performance

ACMR stock opened at $45.47 on Monday. The company’s 50-day moving average price is $68.48 and its two-hundred day moving average price is $68.59. The firm has a market cap of $2.94 billion, a P/E ratio of 21.65 and a beta of 2.27. The company has a quick ratio of 2.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.08. ACM Research has a 12 month low of $28.46 and a 12 month high of $127.19.

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

Insider Buying and Selling at ACM Research

In other news, insider David 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 value of $5,221,300.00. Following the completion of the transaction, the insider directly owned 802,708 shares in the company, valued at approximately $59,873,989.72. This represents a 8.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Haiping Dun sold 5,000 shares of the company’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 completion of the sale, the director directly owned 5,000 shares of the company’s stock, valued at $405,650. This trade represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 24.36% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ACM Research

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Prescott Group Capital Management L.L.C. bought a new stake in shares of ACM Research during the 3rd quarter valued at about $486,000. Integrity Alliance LLC. bought a new stake in ACM Research during the third quarter worth about $419,000. Oregon Public Employees Retirement Fund grew its holdings in ACM Research by 1.9% in the third quarter. Oregon Public Employees Retirement Fund now owns 13,219 shares of the specialty retailer’s stock worth $1,070,000 after purchasing an additional 242 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of ACM Research during the third quarter valued at approximately $518,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in shares of ACM Research by 49.0% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 7,300 shares of the specialty retailer’s stock worth $591,000 after purchasing an additional 2,400 shares in the last quarter. 66.75% of the stock is currently owned by institutional investors.

About ACM Research

ACM Research, Inc (NASDAQ: ACMR) develops and manufactures equipment used in semiconductor wafer processing. Its systems are designed to support the fabrication of integrated circuits and other electronic components, with a primary focus on cleaning and other process steps performed during semiconductor manufacturing.

The company’s product portfolio includes single-wafer cleaning systems, wet-cleaning equipment, electrochemical plating systems, and other wafer-processing tools. These products are used by semiconductor manufacturers and foundries in applications involving advanced logic, memory, and specialty devices.