ACM Research (NASDAQ:ACMR) Hits New 52-Week High – Time to Buy?

ACM Research, Inc. (NASDAQ:ACMR) shares reached a new 52-week high on Friday . The company traded as high as $95.39 and last traded at $95.6790, with a volume of 236743 shares. The stock had previously closed at $91.70.

Wall Street Analyst Weigh In

ACMR has been the subject of a number of recent research reports. Zacks Research cut shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Roth Mkm reissued a “buy” rating and issued a $100.00 target price on shares of ACM Research in a research note on Monday, June 1st. Wall Street Zen raised shares of ACM Research from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. 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. Finally, Seaport Research Partners initiated 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. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $100.00.

ACM Research Stock Up 6.1%

The company has a market cap of $5.96 billion, a P/E ratio of 74.29 and a beta of 2.01. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.51 and a quick ratio of 2.52. The business’s 50 day moving average price is $62.94 and its 200-day moving average price is $53.38.

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

Insider Activity at ACM Research

In other news, insider David H. Wang sold 60,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $90.05, for a total transaction of $5,403,000.00. Following the sale, the insider directly owned 802,708 shares of the company’s stock, valued at $72,283,855.40. This represents a 6.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Haiping Dun sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $66.22, for a total transaction of $331,100.00. Following the completion of the sale, the director directly owned 5,000 shares of the company’s stock, valued at approximately $331,100. This represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 128,752 shares of company stock valued at $11,012,198 over the last ninety days. Company insiders own 24.36% of the company’s stock.

Institutional Trading of ACM Research

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in shares of ACM Research by 90.1% in the 4th quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 308 shares during the last quarter. Hantz Financial Services Inc. raised its stake in shares of ACM Research by 266.7% during the fourth quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock worth $26,000 after buying an additional 480 shares during the last quarter. Leonteq Securities AG acquired a new position in ACM Research in the fourth quarter valued at approximately $28,000. Jones Financial Companies Lllp boosted its stake in ACM Research by 206.8% in the third quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock valued at $29,000 after acquiring an additional 515 shares during the last quarter. Finally, SBI Securities Co. Ltd. boosted its stake in ACM Research by 78.9% in the third quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 367 shares during the last quarter. 66.75% of the stock is 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.