ACM Research (NASDAQ:ACMR) Hits New 12-Month High – What’s Next?

ACM Research, Inc. (NASDAQ:ACMR)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $113.00 and last traded at $115.0790, with a volume of 80943 shares traded. The stock had previously closed at $104.50.

Wall Street Analyst Weigh In

ACMR has been the topic of several analyst reports. Zacks Research downgraded shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Wall Street Zen raised ACM Research from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Roth Mkm set a $125.00 target price on ACM Research and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Weiss Ratings upgraded shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $130.00 target price (up from $90.00) on shares of ACM Research in a research note on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $127.50.

ACM Research Price Performance

The firm has a market cap of $7.77 billion, a P/E ratio of 96.86 and a beta of 2.01. The stock’s 50-day moving average is $78.19 and its 200-day moving average is $59.79. The company has a quick ratio of 2.52, a current ratio of 3.51 and a debt-to-equity ratio of 0.11.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings results on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. The firm had revenue of $231.26 million during the quarter, compared to the consensus estimate of $215.69 million. During the same period in the prior year, the firm earned $0.46 EPS. The business’s revenue was up 34.2% on a year-over-year basis. As a group, equities analysts anticipate that ACM Research, Inc. will post 1.02 EPS for the current fiscal year.

Insider Transactions at ACM Research

In other ACM Research news, Director Charles C. Pappis sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $52.00, for a total value of $260,000.00. Following the completion of the sale, the director owned 5,000 shares in the company, valued at approximately $260,000. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sotheara Cheav sold 5,399 shares of ACM Research stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $83.18, for a total value of $449,088.82. Following the sale, the insider directly owned 100,002 shares in the company, valued at $8,318,166.36. The trade was a 5.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 128,752 shares of company stock valued at $11,012,198 in the last ninety days. 24.36% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ACM Research

A number of institutional investors have recently bought and sold shares of ACMR. Maryland State Retirement & Pension System raised its stake in shares of ACM Research by 2.2% in the 4th quarter. Maryland State Retirement & Pension System now owns 7,764 shares of the specialty retailer’s stock valued at $306,000 after buying an additional 168 shares in the last quarter. MML Investors Services LLC boosted its position in shares of ACM Research by 1.0% during the 4th quarter. MML Investors Services LLC now owns 22,851 shares of the specialty retailer’s stock valued at $901,000 after acquiring an additional 217 shares in the last quarter. First Growth Capital LLC increased its stake in ACM Research by 5.4% in the first quarter. First Growth Capital LLC now owns 5,598 shares of the specialty retailer’s stock valued at $226,000 after acquiring an additional 285 shares during the period. GAMMA Investing LLC increased its stake in ACM Research by 38.8% in the fourth quarter. GAMMA Investing LLC now owns 1,070 shares of the specialty retailer’s stock valued at $42,000 after acquiring an additional 299 shares during the period. Finally, Farther Finance Advisors LLC raised its position in ACM Research by 90.1% in 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. 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.