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

Shares of ACM Research, Inc. (NASDAQ:ACMR) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $38.00.

ACMR has been the subject of a number of recent analyst reports. Weiss Ratings raised shares of ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Zacks Research upgraded ACM Research from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $40.00 target price on shares of ACM Research in a research note on Wednesday, November 5th.

Insider Activity at ACM Research

In related news, insider Lisa Feng sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $33.77, for a total transaction of $506,550.00. Following the completion of the transaction, the insider owned 50,001 shares in the company, valued at $1,688,533.77. This trade represents a 23.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David H. Wang sold 70,000 shares of ACM Research stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $33.06, for a total value of $2,314,200.00. Following the completion of the sale, the insider directly owned 802,708 shares of the company’s stock, valued at $26,537,526.48. This trade represents a 8.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 265,000 shares of company stock worth $8,849,150. 25.00% of the stock is owned by corporate insiders.

Institutional Trading of ACM Research

Several institutional investors and hedge funds have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in ACM Research by 117.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,878 shares of the specialty retailer’s stock valued at $705,000 after buying an additional 9,653 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in ACM Research by 21.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,288 shares of the specialty retailer’s stock valued at $327,000 after buying an additional 1,447 shares in the last quarter. KBC Group NV increased its position in shares of ACM Research by 85.3% in the fourth quarter. KBC Group NV now owns 2,275 shares of the specialty retailer’s stock worth $90,000 after purchasing an additional 1,047 shares during the last quarter. Capelight Capital Asset Management LP bought a new position in shares of ACM Research during the 4th quarter valued at about $1,972,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of ACM Research by 90.1% in the 4th quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 308 shares during the last quarter. 66.75% of the stock is currently owned by institutional investors.

ACM Research Price Performance

Shares of NASDAQ:ACMR opened at $53.95 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.48 and a quick ratio of 2.48. The firm has a market capitalization of $3.23 billion, a P/E ratio of 31.37 and a beta of 1.46. ACM Research has a 12 month low of $16.80 and a 12 month high of $56.30. The company’s fifty day moving average price is $41.60 and its 200 day moving average price is $36.01.

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