ACM Research (NASDAQ:ACMR) Shares Gap Down to $28.29

ACM Research, Inc. (NASDAQ:ACMR)’s share price gapped down before the market opened on Friday . The stock had previously closed at $28.29, but opened at $26.07. ACM Research shares last traded at $25.84, with a volume of 626,989 shares.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ACMR shares. Roth Mkm upped their price target on shares of ACM Research from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Needham & Company LLC upped their price target on shares of ACM Research from $24.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Benchmark upped their price target on shares of ACM Research from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, The Goldman Sachs Group raised shares of ACM Research from a “neutral” rating to a “buy” rating and set a $39.00 price target for the company in a research report on Thursday, February 29th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $31.88.

ACM Research Trading Down 4.4 %

The company has a current ratio of 2.35, a quick ratio of 1.26 and a debt-to-equity ratio of 0.06. The business’s 50-day simple moving average is $28.01 and its two-hundred day simple moving average is $21.49. The company has a market capitalization of $1.52 billion, a PE ratio of 23.11 and a beta of 1.39.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings data on Wednesday, February 28th. The specialty retailer reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.27. The company had revenue of $170.30 million during the quarter, compared to analysts’ expectations of $149.54 million. ACM Research had a net margin of 13.87% and a return on equity of 9.23%. The firm’s revenue for the quarter was up 57.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.15 EPS. On average, analysts predict that ACM Research, Inc. will post 1.22 earnings per share for the current year.

Insider Activity

In other news, insider Lisa Feng sold 7,500 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $25.20, for a total value of $189,000.00. Following the sale, the insider now owns 50,001 shares in the company, valued at approximately $1,260,025.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Lisa Feng sold 7,500 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $25.20, for a total value of $189,000.00. Following the sale, the insider now owns 50,001 shares in the company, valued at approximately $1,260,025.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Tracy Liu sold 12,500 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $25.20, for a total transaction of $315,000.00. Following the completion of the sale, the director now owns 110,772 shares in the company, valued at approximately $2,791,454.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 149,434 shares of company stock worth $4,375,572. 33.63% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On ACM Research

A number of institutional investors have recently modified their holdings of ACMR. Spire Wealth Management acquired a new stake in ACM Research during the third quarter worth about $27,000. Federated Hermes Inc. acquired a new stake in ACM Research during the third quarter worth about $46,000. Headlands Technologies LLC acquired a new stake in ACM Research during the fourth quarter worth about $66,000. DekaBank Deutsche Girozentrale acquired a new stake in ACM Research during the third quarter worth about $68,000. Finally, Transcendent Capital Group LLC acquired a new stake in ACM Research during the fourth quarter worth about $145,000. Institutional investors and hedge funds own 66.75% of the company’s stock.

ACM Research Company Profile

ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.