ACM Research (NASDAQ:ACMR) Trading Up 7% – Should You Buy?

Shares of ACM Research, Inc. (NASDAQ:ACMR) traded up 7% on Friday . The company traded as high as $73.99 and last traded at $74.2950. 306,201 shares traded hands during trading, a decline of 78% from the average daily volume of 1,403,807 shares. The stock had previously closed at $69.42.

Wall Street Analyst Weigh In

ACMR has been the subject of several analyst reports. Morgan Stanley reissued an “overweight” rating and issued a $130.00 target price (up from $90.00) on shares of ACM Research in a report on Tuesday, June 23rd. Weiss Ratings raised shares of ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Daiwa Securities Group began coverage on shares of ACM Research in a research report on Wednesday, August 26th. They issued a “buy” rating and a $136.00 price target for the company. Zacks Research raised shares of ACM Research from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. Finally, Roth Capital set a $125.00 price objective on shares of ACM Research and gave the company a “buy” rating in a research report on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $122.75.

ACM Research Price Performance

The firm has a 50-day moving average of $85.71 and a 200-day moving average of $71.32. The stock has a market cap of $4.81 billion, a PE ratio of 35.45 and a beta of 1.96. 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 (NASDAQ:ACMR) last posted its quarterly earnings results on Friday, August 7th. The specialty retailer reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.19. ACM Research had a return on equity of 4.08% and a net margin of 14.48%.The company had revenue of $292.92 million for the quarter, compared to analysts’ expectations of $269.28 million. During the same period in the previous year, the firm earned $0.54 EPS. The firm’s revenue was up 36.0% compared to the same quarter last year. Research analysts predict that ACM Research, Inc. will post 1.68 EPS for the current year.

Insider Activity at ACM Research

In related news, Director Haiping Dun sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $81.13, for a total transaction of $405,650.00. Following the completion of the transaction, the director owned 5,000 shares in the company, valued at approximately $405,650. This represents 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. Company insiders own 24.36% of the company’s stock.

Institutional Trading of ACM Research

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Contravisory Investment Management Inc. boosted its holdings in shares of ACM Research by 2.3% during the 2nd quarter. Contravisory Investment Management Inc. now owns 5,216 shares of the specialty retailer’s stock valued at $662,000 after purchasing an additional 115 shares during the last quarter. Maryland State Retirement & Pension System increased its holdings in shares of ACM Research by 2.2% in the fourth quarter. Maryland State Retirement & Pension System now owns 7,764 shares of the specialty retailer’s stock worth $306,000 after purchasing an additional 168 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of ACM Research by 14.5% in the second quarter. GAMMA Investing LLC now owns 1,440 shares of the specialty retailer’s stock worth $183,000 after buying an additional 182 shares in the last quarter. MML Investors Services LLC lifted its position in shares of ACM Research by 1.0% in the fourth quarter. MML Investors Services LLC now owns 22,851 shares of the specialty retailer’s stock worth $901,000 after buying an additional 217 shares in the last quarter. Finally, First Growth Capital LLC boosted its stake in ACM Research by 5.4% during the first quarter. First Growth Capital LLC now owns 5,598 shares of the specialty retailer’s stock valued at $226,000 after buying an additional 285 shares during 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.