ACM Research (NASDAQ:ACMR) Sets New 1-Year High – Still a Buy?

ACM Research, Inc. (NASDAQ:ACMR)’s stock price hit a new 52-week high on Thursday . The company traded as high as $104.99 and last traded at $96.19, with a volume of 2011306 shares. The stock had previously closed at $91.18.

Wall Street Analyst Weigh In

ACMR has been the topic of a number of research analyst reports. Zacks Research downgraded shares of ACM Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings upgraded ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Seaport Research Partners started coverage on ACM Research in a research note on Monday, May 4th. They issued a “buy” rating and a $75.00 price objective on the stock. Roth Mkm set a $125.00 price objective on ACM Research in a research note on Wednesday. Finally, Wall Street Zen upgraded ACM Research from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $125.00.

ACM Research Stock Performance

The company has a 50-day moving average price of $67.21 and a two-hundred day moving average price of $55.11. The stock has a market capitalization of $5.89 billion, a P/E ratio of 73.43 and a beta of 2.01. The company has a quick ratio of 2.52, a current ratio of 3.51 and a debt-to-equity ratio of 0.11.

ACM Research (NASDAQ:ACMR) last announced its quarterly earnings results on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.08. ACM Research had a return on equity of 4.17% and a net margin of 9.48%.The firm had revenue of $231.26 million for the quarter, compared to analysts’ expectations of $215.69 million. During the same period in the prior year, the business posted $0.46 earnings per share. The company’s revenue was up 34.2% on a year-over-year basis. Equities analysts expect that ACM Research, Inc. will post 1.02 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Charles C. Pappis sold 5,000 shares of the company’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $52.00, for a total transaction of $260,000.00. Following the sale, the director directly owned 5,000 shares in the company, valued at $260,000. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Haiping Dun sold 5,000 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $66.22, for a total value of $331,100.00. Following the sale, the director owned 5,000 shares in the company, valued at approximately $331,100. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 128,752 shares of company stock valued at $11,012,198. Corporate insiders own 24.36% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ACMR. WCM Investment Management LLC grew its holdings in shares of ACM Research by 16,878.8% during the first 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 in the last quarter. Invesco Ltd. grew its holdings in shares of ACM Research by 444.5% during the fourth quarter. Invesco Ltd. now owns 1,342,136 shares of the specialty retailer’s stock worth $52,947,000 after purchasing an additional 1,095,634 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of ACM Research by 1,406.4% during the fourth quarter. Janus Henderson Group PLC now owns 1,082,982 shares of the specialty retailer’s stock worth $42,740,000 after purchasing an additional 1,011,088 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of ACM Research by 12.8% during the third quarter. Vanguard Group Inc. now owns 4,846,413 shares of the specialty retailer’s stock worth $189,640,000 after purchasing an additional 549,971 shares in the last quarter. Finally, Morgan Stanley grew its holdings in shares of ACM Research by 58.8% during the fourth 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 in the last quarter. Hedge funds and other 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.