ACM Research, Inc. (NASDAQ:ACMR) Given Consensus Recommendation of “Hold” by Brokerages

ACM Research, Inc. (NASDAQ:ACMR) has been assigned a consensus rating of “Hold” from the six research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $38.00.

Several research firms recently issued reports on ACMR. Weiss Ratings downgraded shares of ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, December 1st. Zacks Research downgraded ACM Research from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 12th. Finally, Roth Capital reiterated a “buy” rating and issued a $40.00 price target on shares of ACM Research in a research note on Wednesday, November 5th.

ACM Research Stock Up 4.1%

NASDAQ ACMR opened at $36.54 on Tuesday. The company has a quick ratio of 2.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.10. ACM Research has a fifty-two week low of $14.65 and a fifty-two week high of $45.12. The business has a 50 day moving average price of $36.61 and a two-hundred day moving average price of $31.04. The stock has a market cap of $2.19 billion, a PE ratio of 21.24 and a beta of 1.46.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings data on Wednesday, November 5th. The specialty retailer reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.11). ACM Research had a net margin of 13.30% and a return on equity of 7.11%. The firm had revenue of $269.16 million for the quarter, compared to analysts’ expectations of $251.72 million. During the same quarter in the prior year, the business earned $0.63 EPS. The company’s revenue for the quarter was up 32.0% on a year-over-year basis. As a group, sell-side analysts predict that ACM Research will post 1.17 EPS for the current fiscal year.

Insider Activity at ACM Research

In other ACM Research news, insider Fuping Chen sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $33.06, for a total value of $661,200.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jian Wang sold 30,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $35.00, for a total value of $1,050,000.00. Following the transaction, the insider owned 253,158 shares of the company’s stock, valued at approximately $8,860,530. This trade represents a 10.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 320,000 shares of company stock worth $10,744,150 over the last ninety days. Company insiders own 25.00% of the company’s stock.

Hedge Funds Weigh In On ACM Research

Several large investors have recently modified their holdings of the stock. LSV Asset Management lifted its holdings in ACM Research by 462.9% during the 3rd quarter. LSV Asset Management now owns 2,504,305 shares of the specialty retailer’s stock worth $97,993,000 after buying an additional 2,059,405 shares during the last quarter. Broad Bay Capital Management LP bought a new position in ACM Research during the first quarter worth $21,134,000. Mitsubishi UFJ Trust & Banking Corp lifted its stake in ACM Research by 39.3% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,302,351 shares of the specialty retailer’s stock worth $59,631,000 after purchasing an additional 649,116 shares during the last quarter. Vanguard Group Inc. boosted its holdings in ACM Research by 12.8% in the third quarter. Vanguard Group Inc. now owns 4,846,413 shares of the specialty retailer’s stock worth $189,640,000 after purchasing an additional 549,971 shares during the period. Finally, Cederberg Capital Ltd bought a new stake in ACM Research during the third quarter valued at $19,428,000. Institutional investors own 66.75% of the company’s stock.

About ACM Research

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.