ACM Research (NASDAQ:ACMR) Trading 5.1% Higher – What’s Next?

ACM Research, Inc. (NASDAQ:ACMR) shares rose 5.1% during trading on Tuesday . The stock traded as high as $68.40 and last traded at $66.45. Approximately 363,796 shares traded hands during trading, a decline of 74% from the average daily volume of 1,407,160 shares. The stock had previously closed at $63.25.

Analyst Upgrades and Downgrades

ACMR has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Wall Street Zen upgraded shares of ACM Research from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Seaport Research Partners assumed coverage on shares of ACM Research in a research report on Monday, May 4th. They issued a “buy” rating and a $75.00 price objective for the company. Finally, Zacks Research downgraded ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $40.00.

ACM Research Stock Up 5.6%

The stock has a market cap of $4.09 billion, a P/E ratio of 51.04 and a beta of 1.82. The firm has a 50 day simple moving average of $49.57 and a two-hundred day simple moving average of $47.33. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.52 and a current ratio of 3.51.

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. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. The company had revenue of $231.26 million during the quarter, compared to analysts’ expectations of $215.69 million. During the same period last year, the company posted $0.46 earnings per share. The business’s revenue for the quarter was up 34.2% on a year-over-year basis. Equities research analysts predict that ACM Research, Inc. will post 1.2 earnings per share for the current year.

Insider Activity at ACM Research

In related news, Director Charles C. Pappis sold 5,000 shares of the stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $52.00, for a total value of $260,000.00. Following the completion of the sale, the director owned 5,000 shares in the company, valued at approximately $260,000. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tracy Liu sold 15,000 shares of ACM Research stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $47.91, for a total transaction of $718,650.00. Following the sale, the director owned 110,772 shares in the company, valued at approximately $5,307,086.52. This trade represents a 11.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 65,000 shares of company stock valued at $3,110,750 over the last three months. 25.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. boosted its holdings in shares of ACM Research by 396.3% during the third quarter. Principal Financial Group Inc. now owns 336,993 shares of the specialty retailer’s stock worth $13,187,000 after acquiring an additional 269,094 shares during the period. SG Americas Securities LLC bought a new stake in shares of ACM Research during the 3rd quarter worth approximately $886,000. Hussman Strategic Advisors Inc. acquired a new position in shares of ACM Research during the 3rd quarter worth $2,054,000. Belpointe Asset Management LLC bought a new stake in shares of ACM Research during the 3rd quarter valued at approximately $989,000. Finally, Vanguard Group Inc. lifted its stake in shares of ACM Research by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 4,972,103 shares of the specialty retailer’s stock valued at $196,149,000 after acquiring an additional 125,690 shares during the last quarter. 66.75% of the stock is currently owned by institutional investors and hedge funds.

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.