Analysts Set ACM Research, Inc. (NASDAQ:ACMR) PT at $127.50

ACM Research, Inc. (NASDAQ:ACMR) has been assigned a consensus rating of “Moderate Buy” from the four analysts that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $127.50.

Several equities research analysts have recently commented on the company. Morgan Stanley restated an “overweight” rating and issued a $130.00 price objective (up from $90.00) on shares of ACM Research in a research note on Tuesday, June 23rd. Roth Capital set a $125.00 target price on ACM Research and gave the company a “buy” rating in a research report on Wednesday, June 17th. Zacks Research lowered ACM Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings upgraded ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Finally, Wall Street Zen upgraded ACM Research from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th.

ACM Research Price Performance

NASDAQ ACMR opened at $89.51 on Friday. ACM Research has a 52 week low of $23.03 and a 52 week high of $127.19. The firm has a market capitalization of $5.48 billion, a P/E ratio of 68.33 and a beta of 1.90. The company has a quick ratio of 2.52, a current ratio of 3.51 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average price of $91.09 and a 200-day moving average price of $66.16.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings data on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. The company had revenue of $231.26 million for the quarter, compared to the consensus estimate of $215.69 million. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. The firm’s revenue was up 34.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.46 earnings per share. Equities research analysts anticipate that ACM Research will post 1.02 earnings per share for the current year.

Insider Activity at ACM Research

In related news, Director Haiping Dun sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $66.22, for a total transaction of $331,100.00. Following the completion of the transaction, the director directly owned 5,000 shares in the company, valued at approximately $331,100. The trade was a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Sotheara Cheav sold 13,351 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $85.15, for a total transaction of $1,136,837.65. Following the sale, the insider owned 100,002 shares in the company, valued at approximately $8,515,170.30. The trade was a 11.78% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 123,752 shares of company stock worth $10,752,198. 24.36% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Farther Finance Advisors LLC boosted its holdings in ACM Research by 90.1% in the 4th quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock worth $26,000 after buying an additional 308 shares during the period. Hantz Financial Services Inc. raised its holdings in ACM Research by 266.7% during the fourth quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 480 shares during the period. Leonteq Securities AG bought a new stake in ACM Research during the fourth quarter valued at about $28,000. EverSource Wealth Advisors LLC lifted its position in shares of ACM Research by 656.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 1,122 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 66.75% of the company’s stock.

About ACM Research

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.