ACM Research (NASDAQ:ACMR) Shares Down 5.4% – Should You Sell?

ACM Research, Inc. (NASDAQ:ACMR) was down 5.4% during mid-day trading on Thursday . The company traded as low as $20.75 and last traded at $20.87. Approximately 73,683 shares were traded during trading, a decline of 95% from the average daily volume of 1,469,660 shares. The stock had previously closed at $22.07.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Roth Mkm decreased their price target on shares of ACM Research from $40.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 target price on shares of ACM Research in a research report on Tuesday, October 1st. Finally, Benchmark reiterated a “buy” rating and set a $38.00 target price on shares of ACM Research in a research note on Wednesday, August 7th.

ACM Research Price Performance

The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 16.15 and a beta of 1.52. The company’s 50 day moving average is $18.47 and its 200 day moving average is $22.33. The company has a quick ratio of 1.26, a current ratio of 2.29 and a debt-to-equity ratio of 0.07.

ACM Research (NASDAQ:ACMR) last announced its earnings results on Wednesday, August 7th. The specialty retailer reported $0.55 EPS for the quarter, topping the consensus estimate of $0.30 by $0.25. ACM Research had a net margin of 12.26% and a return on equity of 9.16%. The company had revenue of $202.50 million for the quarter, compared to analysts’ expectations of $163.05 million. During the same period last year, the firm earned $0.45 earnings per share. The business’s revenue for the quarter was up 40.0% on a year-over-year basis. On average, equities research analysts anticipate that ACM Research, Inc. will post 0.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Science & Technology Shanghai sold 26,300 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $20.01, for a total transaction of $526,263.00. Following the completion of the sale, the insider now directly owns 3,403,906 shares in the company, valued at approximately $68,112,159.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Science & Technology Shanghai sold 26,300 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $20.01, for a total value of $526,263.00. Following the completion of the transaction, the insider now directly owns 3,403,906 shares in the company, valued at approximately $68,112,159.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark Mckechnie sold 16,516 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $22.00, for a total transaction of $363,352.00. Following the sale, the insider now directly owns 900 shares of the company’s stock, valued at approximately $19,800. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,116,516 shares of company stock worth $24,573,590 in the last 90 days. Company insiders own 31.24% of the company’s stock.

Institutional Investors Weigh In On ACM Research

Large investors have recently modified their holdings of the business. Transcendent Capital Group LLC acquired a new stake in ACM Research in the fourth quarter valued at about $145,000. Los Angeles Capital Management LLC acquired a new position in ACM Research during the 1st quarter worth approximately $852,000. Westend Capital Management LLC bought a new position in ACM Research in the 1st quarter valued at approximately $4,802,000. Counterpoint Mutual Funds LLC acquired a new stake in ACM Research in the first quarter valued at approximately $279,000. Finally, Denali Advisors LLC acquired a new stake in ACM Research in the first quarter valued at approximately $329,000. Institutional investors and hedge funds own 66.75% of the company’s stock.

About ACM Research

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.