ACM Research (NASDAQ:ACMR) Earns Buy Rating from Analysts at Daiwa Securities Group

Daiwa Securities Group started coverage on shares of ACM Research (NASDAQ:ACMR) in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The firm issued a buy rating and a $136.00 price objective on the specialty retailer’s stock.

A number of other research analysts have also recently commented on the company. Roth Capital set a $125.00 target price on ACM Research and gave the company a “buy” rating in a research note on Wednesday, June 17th. Craig Hallum reaffirmed a “buy” rating and set a $100.00 price target on shares of ACM Research in a research note on Monday, August 10th. Wall Street Zen upgraded ACM Research from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Morgan Stanley reiterated an “overweight” rating and set a $130.00 price objective (up from $90.00) on shares of ACM Research in a research report on Tuesday, June 23rd. Finally, Zacks Research raised ACM Research from a “hold” rating to a “strong-buy” rating in a report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $122.75.

ACM Research Price Performance

ACMR stock opened at $74.42 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.66 and a quick ratio of 2.66. ACM Research has a one year low of $26.10 and a one year high of $127.19. The stock has a market cap of $4.81 billion, a PE ratio of 35.44 and a beta of 1.96. The firm has a 50 day simple moving average of $88.88 and a two-hundred day simple moving average of $71.10.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings data on Friday, August 7th. The specialty retailer reported $0.61 earnings per share 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 firm had revenue of $292.92 million for the quarter, compared to analysts’ expectations of $269.28 million. During the same quarter last year, the company posted $0.54 EPS. The business’s quarterly revenue was up 36.0% on a year-over-year basis. On average, analysts predict that ACM Research will post 1.68 EPS for the current fiscal year.

Insider Activity at ACM Research

In other ACM Research news, insider David H. Wang sold 60,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $90.05, for a total value of $5,403,000.00. Following the completion of the sale, the insider directly owned 802,708 shares of the company’s stock, valued at $72,283,855.40. The trade was a 6.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Sotheara Cheav sold 13,351 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $85.15, for a total transaction of $1,136,837.65. Following the sale, the insider owned 100,002 shares of the company’s stock, valued at approximately $8,515,170.30. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 123,752 shares of company stock valued at $10,826,748. Insiders own 24.36% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of ACM Research by 10.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,061 shares of the specialty retailer’s stock valued at $748,000 after acquiring an additional 3,065 shares during the last quarter. Caxton Associates LLP bought a new position in ACM Research during the 1st quarter worth approximately $250,000. Strs Ohio bought a new position in ACM Research during the 1st quarter worth approximately $133,000. Creative Planning purchased a new position in ACM Research in the 2nd quarter worth approximately $212,000. Finally, Norges Bank purchased a new position in ACM Research in the 2nd quarter worth approximately $739,000. 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.