ACM Research (NASDAQ:ACMR) Sets New 1-Year High – Still a Buy?

ACM Research, Inc. (NASDAQ:ACMR) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $86.50 and last traded at $86.46, with a volume of 3613048 shares changing hands. The stock had previously closed at $73.35.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Weiss Ratings raised ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Seaport Research Partners assumed coverage on ACM Research in a research note on Monday, May 4th. They issued a “buy” rating and a $75.00 price target on the stock. Wall Street Zen raised ACM Research from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Zacks Research lowered ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, ACM Research presently has an average rating of “Hold” and a consensus price target of $40.00.

ACM Research Trading Up 4.8%

The company has a 50 day moving average price of $54.59 and a 200 day moving average price of $49.63. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 70.89 and a beta of 1.82. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.52 and a current ratio of 3.51.

ACM Research (NASDAQ:ACMR) last announced its quarterly earnings results on Thursday, May 7th. The specialty retailer reported $0.34 EPS for the quarter, beating the consensus estimate of $0.26 by $0.08. ACM Research had a return on equity of 4.17% and a net margin of 9.48%.The business had revenue of $231.26 million for the quarter, compared to analyst estimates of $215.69 million. During the same quarter in the prior year, the company posted $0.46 EPS. The company’s quarterly revenue was up 34.2% on a year-over-year basis. On average, research analysts expect that ACM Research, Inc. will post 1.2 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Tracy Liu sold 45,000 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $47.38, for a total transaction of $2,132,100.00. Following the sale, the director owned 110,772 shares of the company’s stock, valued at approximately $5,248,377.36. This represents a 28.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles C. Pappis sold 5,000 shares of the stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $52.00, for a total transaction of $260,000.00. Following the sale, the director directly owned 5,000 shares in the company, valued at $260,000. This represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 70,000 shares of company stock valued at $3,441,850. Corporate insiders own 25.00% of the company’s stock.

Institutional Trading of ACM Research

Hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its position in shares of ACM Research by 90.1% during the fourth quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 308 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of ACM Research by 266.7% during the fourth quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 480 shares in the last quarter. Leonteq Securities AG acquired a new stake in shares of ACM Research during the fourth quarter worth about $28,000. Jones Financial Companies Lllp lifted its position in shares of ACM Research by 206.8% during the third quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 515 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its position in shares of ACM Research by 78.9% during the third quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 367 shares in the last quarter. Institutional investors and hedge funds own 66.75% of the company’s stock.

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.