ACM Research (NASDAQ:ACMR) Shares Gap Up – Still a Buy?

ACM Research, Inc. (NASDAQ:ACMR) gapped up before the market opened on Monday . The stock had previously closed at $76.29, but opened at $83.83. ACM Research shares last traded at $80.8450, with a volume of 236,275 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Zacks Research cut shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings upgraded shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Seaport Research Partners assumed coverage on shares of ACM Research in a research note on Monday, May 4th. They set a “buy” rating and a $75.00 price objective on the stock. Roth Mkm restated a “buy” rating and set a $100.00 price objective on shares of ACM Research in a research note on Monday, June 1st. Finally, Wall Street Zen upgraded shares of 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 assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $100.00.

ACM Research Trading Up 0.9%

The company has a quick ratio of 2.52, a current ratio of 3.51 and a debt-to-equity ratio of 0.11. The firm’s 50-day simple moving average is $61.05 and its 200 day simple moving average is $52.59. The stock has a market capitalization of $4.98 billion, a P/E ratio of 62.08 and a beta of 2.01.

ACM Research (NASDAQ:ACMR) last issued its quarterly 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 firm had revenue of $231.26 million for the quarter, compared to analysts’ expectations of $215.69 million. During the same period in the previous year, the business earned $0.46 earnings per share. ACM Research’s revenue for the quarter was up 34.2% compared to the same quarter last year. Equities research analysts anticipate that ACM Research, Inc. will post 1.02 EPS for the current fiscal year.

Insider Buying and Selling at ACM Research

In other ACM Research news, Director Charles C. Pappis sold 5,000 shares of the business’s 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 sale, the director directly owned 5,000 shares in the company, valued at approximately $260,000. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David H. Wang sold 40,002 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $85.80, for a total transaction of $3,432,171.60. Following the completion of the sale, the insider owned 802,708 shares in the company, valued at approximately $68,872,346.40. This trade represents a 4.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 128,752 shares of company stock valued at $11,012,198 in the last ninety days. 24.36% of the stock is owned by insiders.

Institutional Investors Weigh In On ACM Research

Several hedge funds and other institutional investors have recently bought and sold shares of ACMR. Farther Finance Advisors LLC raised its position in ACM Research by 90.1% in the fourth quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 308 shares in the last quarter. Hantz Financial Services Inc. increased its stake in ACM Research by 266.7% in the 4th quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 480 shares in the last quarter. Leonteq Securities AG purchased a new position in ACM Research in the 4th quarter worth about $28,000. Jones Financial Companies Lllp increased its stake in ACM Research by 206.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 515 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its stake in ACM Research by 78.9% in the 3rd quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 367 shares in the last quarter. 66.75% of the stock is currently owned by institutional investors.

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.