ACM Research (NASDAQ:ACMR) Trading Down 5.4%

ACM Research, Inc. (NASDAQ:ACMR)’s share price dropped 5.4% during mid-day trading on Friday . The company traded as low as $25.39 and last traded at $25.94. Approximately 554,905 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 1,658,906 shares. The stock had previously closed at $27.41.

Analysts Set New Price Targets

Several research firms have recently commented on ACMR. Benchmark increased their price target on shares of ACM Research from $35.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. The Goldman Sachs Group raised shares of ACM Research from a “neutral” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Thursday, February 29th. Needham & Company LLC boosted their target price on shares of ACM Research from $24.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Finally, Roth Mkm boosted their target price on shares of ACM Research from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $31.88.

ACM Research Stock Down 7.7 %

The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.26 and a current ratio of 2.35. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 21.83 and a beta of 1.39. The business’s 50-day moving average is $27.08 and its two-hundred day moving average is $21.11.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings data on Wednesday, February 28th. The specialty retailer reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.27. The firm had revenue of $170.30 million during the quarter, compared to analysts’ expectations of $149.54 million. ACM Research had a net margin of 13.87% and a return on equity of 9.23%. The company’s revenue for the quarter was up 57.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.15 earnings per share. On average, equities analysts anticipate that ACM Research, Inc. will post 1.22 earnings per share for the current year.

Insider Buying and Selling at ACM Research

In related news, insider Sotheara Cheav sold 5,000 shares of ACM Research stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $29.09, for a total value of $145,450.00. Following the completion of the sale, the insider now owns 105,002 shares of the company’s stock, valued at approximately $3,054,508.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Lisa Feng sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $25.20, for a total value of $189,000.00. Following the completion of the sale, the insider now owns 50,001 shares in the company, valued at approximately $1,260,025.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sotheara Cheav sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $29.09, for a total value of $145,450.00. Following the completion of the sale, the insider now owns 105,002 shares of the company’s stock, valued at approximately $3,054,508.18. The disclosure for this sale can be found here. In the last 90 days, insiders sold 149,434 shares of company stock valued at $4,375,572. 33.63% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ACM Research

A number of institutional investors have recently modified their holdings of the stock. Spire Wealth Management bought a new position in shares of ACM Research in the third quarter worth about $27,000. Advisor Group Holdings Inc. boosted its holdings in shares of ACM Research by 166.4% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,500 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 937 shares during the period. Great West Life Assurance Co. Can boosted its holdings in shares of ACM Research by 210.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 1,752 shares of the specialty retailer’s stock worth $39,000 after purchasing an additional 1,188 shares during the period. Federated Hermes Inc. bought a new stake in shares of ACM Research during the 3rd quarter worth approximately $46,000. Finally, Tower Research Capital LLC TRC raised its position in ACM Research by 205.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,968 shares of the specialty retailer’s stock valued at $52,000 after purchasing an additional 2,670 shares in the last quarter. 66.75% of the stock is owned by hedge funds and other institutional investors.

ACM Research Company Profile

ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.