ACM Research (NASDAQ:ACMR) Reaches New 12-Month High – Still a Buy?

ACM Research, Inc. (NASDAQ:ACMR)’s share price reached a new 52-week high on Thursday . The company traded as high as $71.65 and last traded at $71.60, with a volume of 1586051 shares changing hands. The stock had previously closed at $66.45.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ACMR. Seaport Research Partners began coverage on shares of ACM Research in a report on Monday, May 4th. They set a “buy” rating and a $75.00 price target on the stock. Zacks Research downgraded shares of ACM Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Wall Street Zen upgraded shares of ACM Research from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings upgraded shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $40.00.

ACM Research Stock Up 7.8%

The stock has a market cap of $4.38 billion, a P/E ratio of 54.66 and a beta of 1.82. The company has a current ratio of 3.51, a quick ratio of 2.52 and a debt-to-equity ratio of 0.11. The firm’s fifty day moving average is $50.50 and its 200 day moving average is $47.72.

ACM Research (NASDAQ:ACMR) last announced its earnings results on Thursday, May 7th. The specialty retailer reported $0.34 EPS for the quarter, topping the consensus estimate of $0.26 by $0.08. The firm had revenue of $231.26 million for the quarter, compared to the consensus estimate of $215.69 million. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. The business’s quarterly revenue was up 34.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 EPS. As a group, equities research analysts forecast that ACM Research, Inc. will post 1.2 EPS for the current year.

Insider Buying and Selling at ACM Research

In related news, Director Charles C. Pappis sold 5,000 shares of ACM Research stock in a transaction on Friday, April 17th. The shares were sold at an average price of $52.00, for a total value of $260,000.00. Following the transaction, the director owned 5,000 shares in the company, valued at $260,000. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Tracy Liu sold 45,000 shares of ACM Research stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $47.38, for a total transaction of $2,132,100.00. Following the completion of the transaction, the director owned 110,772 shares in the company, valued at $5,248,377.36. This trade represents a 28.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 65,000 shares of company stock worth $3,110,750 in the last quarter. Insiders own 25.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in ACM Research by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 4,972,103 shares of the specialty retailer’s stock worth $196,149,000 after purchasing an additional 125,690 shares during the last quarter. LSV Asset Management grew its position in ACM Research by 462.9% in the 3rd quarter. LSV Asset Management now owns 2,504,305 shares of the specialty retailer’s stock worth $97,993,000 after purchasing an additional 2,059,405 shares during the last quarter. Triata Capital Ltd grew its position in ACM Research by 26.0% in the 3rd quarter. Triata Capital Ltd now owns 2,003,225 shares of the specialty retailer’s stock worth $78,386,000 after purchasing an additional 413,000 shares during the last quarter. WCM Investment Management LLC grew its position in ACM Research by 16,878.8% in the 1st quarter. WCM Investment Management LLC now owns 1,860,874 shares of the specialty retailer’s stock worth $70,583,000 after purchasing an additional 1,849,914 shares during the last quarter. Finally, Morgan Stanley grew its position in ACM Research by 58.8% in the 4th 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. Institutional investors own 66.75% of the company’s stock.

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.