Zacks Research Downgrades ACM Research (NASDAQ:ACMR) to Hold

ACM Research (NASDAQ:ACMR) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

ACMR has been the subject of a number of other reports. Craig Hallum reissued a “buy” rating and issued a $100.00 target price on shares of ACM Research in a research note on Monday, August 10th. Weiss Ratings downgraded ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, September 24th. Roth Capital set a $125.00 price target on ACM Research and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Morgan Stanley reiterated an “overweight” rating and set a $130.00 price objective (up from $90.00) on shares of ACM Research in a report on Tuesday, June 23rd. Finally, Daiwa Securities Group initiated coverage on ACM Research in a research report on Wednesday, August 26th. They issued a “buy” rating and a $136.00 price objective for the company. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.75.

ACM Research Trading Down 3.4%

Shares of NASDAQ ACMR opened at $72.77 on Tuesday. The company’s fifty day moving average is $76.49 and its 200-day moving average is $74.58. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 34.65 and a beta of 2.09. ACM Research has a twelve month low of $28.46 and a twelve month high of $127.19. The company has a quick ratio of 2.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.08.

ACM Research (NASDAQ:ACMR) last announced its quarterly earnings results on Friday, August 7th. The specialty retailer reported $0.61 earnings per share (EPS) 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 company had revenue of $292.92 million during the quarter, compared to analyst estimates of $269.28 million. During the same quarter in the previous year, the business earned $0.54 EPS. The firm’s revenue was up 36.0% on a year-over-year basis. Equities research analysts predict that ACM Research will post 1.68 EPS for the current year.

Insider Buying and Selling at ACM Research

In other ACM Research news, Director Haiping Dun sold 5,000 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $81.13, for a total transaction of $405,650.00. Following the sale, the director directly owned 5,000 shares of the company’s stock, valued at $405,650. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider David Wang sold 70,000 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $74.59, for a total value of $5,221,300.00. Following the completion of the transaction, the insider owned 802,708 shares of the company’s stock, valued at $59,873,989.72. The trade was a 8.02% decrease in their position. The disclosure for this sale is available in the SEC filing. 24.36% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Contravisory Investment Management Inc. boosted its position 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 worth $662,000 after purchasing an additional 115 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of ACM Research by 14.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,440 shares of the specialty retailer’s stock valued at $183,000 after buying an additional 182 shares during the period. First Growth Capital LLC increased its position in ACM Research by 5.4% in the 1st 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 in the last quarter. Harbor Investment Advisory LLC increased its position in ACM Research by 195.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 738 shares of the specialty retailer’s stock valued at $94,000 after buying an additional 488 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in ACM Research by 26.0% during the 1st quarter. Royal Bank of Canada now owns 4,118 shares of the specialty retailer’s stock worth $162,000 after buying an additional 849 shares during the period. 66.75% of the stock is owned by institutional investors and hedge funds.

ACM Research Company Profile

ACM Research, Inc (NASDAQ: ACMR) develops, manufactures and sells semiconductor wafer-processing equipment used by integrated device manufacturers, foundries and advanced packaging companies. Its systems are designed to support processes involved in producing semiconductor devices, including wafer cleaning, surface preparation and related fabrication steps.

The company’s product portfolio includes single-wafer cleaning systems, batch wafer-cleaning equipment, wet-processing systems and tools for specialized applications such as wafer bevel cleaning and advanced packaging.