ACM Research, Inc. (NASDAQ:ACMR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of ACM Research, Inc. (NASDAQ:ACMR) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $38.00.

Several analysts have recently issued reports on ACMR shares. Zacks Research cut shares of ACM Research from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 12th. Roth Capital reissued a “buy” rating and set a $40.00 price objective on shares of ACM Research in a research note on Wednesday, November 5th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of ACM Research in a research report on Monday.

Insider Buying and Selling

In other ACM Research news, insider Lisa Feng sold 15,000 shares of ACM Research stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $33.77, for a total transaction of $506,550.00. Following the completion of the transaction, the insider directly owned 50,001 shares of the company’s stock, valued at $1,688,533.77. The trade was a 23.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David H. Wang sold 60,000 shares of the stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $34.12, for a total transaction of $2,047,200.00. Following the completion of the sale, the insider directly owned 802,708 shares in the company, valued at approximately $27,388,396.96. This represents a 6.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 265,000 shares of company stock worth $8,849,150 over the last three months. 25.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ACMR. Baird Financial Group Inc. acquired a new position in ACM Research during the 1st quarter valued at about $723,000. Amundi acquired a new position in ACM Research in the first quarter valued at approximately $7,545,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in ACM Research by 10.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,061 shares of the specialty retailer’s stock worth $748,000 after buying an additional 3,065 shares in the last quarter. Caxton Associates LLP purchased a new position in shares of ACM Research in the 1st quarter valued at about $250,000. Finally, Bayforest Capital Ltd purchased a new stake in shares of ACM Research in the first quarter valued at approximately $1,232,000. Institutional investors own 66.75% of the company’s stock.

ACM Research Stock Up 13.8%

NASDAQ ACMR opened at $44.88 on Friday. The stock has a 50 day moving average price of $36.39 and a 200-day moving average price of $33.01. ACM Research has a one year low of $14.97 and a one year high of $45.12. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.48 and a current ratio of 3.48. The company has a market capitalization of $2.69 billion, a P/E ratio of 26.09 and a beta of 1.46.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings results 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 business had revenue of $269.16 million for the quarter, compared to analysts’ expectations of $251.72 million. During the same period in the previous year, the company earned $0.63 EPS. ACM Research’s revenue for the quarter was up 32.0% compared to the same quarter last year. As a group, equities analysts predict that ACM Research will post 1.17 EPS for the current fiscal year.

ACM Research Company Profile

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.