ACM Research, Inc. (NASDAQ:ACMR) to Post Q3 2024 Earnings of $0.37 Per Share, Roth Capital Forecasts

ACM Research, Inc. (NASDAQ:ACMR) – Research analysts at Roth Capital increased their Q3 2024 EPS estimates for shares of ACM Research in a research report issued to clients and investors on Friday, April 26th. Roth Capital analyst S. Desilva now forecasts that the specialty retailer will post earnings per share of $0.37 for the quarter, up from their prior forecast of $0.34. The consensus estimate for ACM Research’s current full-year earnings is $1.22 per share. Roth Capital also issued estimates for ACM Research’s Q1 2025 earnings at $0.26 EPS, Q3 2025 earnings at $0.53 EPS and Q4 2025 earnings at $0.70 EPS.

ACM Research (NASDAQ:ACMR) last released its earnings results on Wednesday, February 28th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.27. ACM Research had a return on equity of 9.23% and a net margin of 13.87%. The firm had revenue of $170.30 million for the quarter, compared to the consensus estimate of $149.54 million. During the same period in the prior year, the firm earned $0.15 EPS. The firm’s revenue was up 57.0% on a year-over-year basis.

A number of other equities research analysts have also commented on ACMR. Roth Mkm upped their target price on ACM Research from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Benchmark increased their price objective on shares of ACM Research from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Needham & Company LLC raised their target price on shares of ACM Research from $24.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Finally, The Goldman Sachs Group raised shares of ACM Research from a “neutral” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Thursday, February 29th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, ACM Research has a consensus rating of “Buy” and a consensus target price of $31.88.

ACM Research Stock Down 4.4 %

Shares of ACMR stock opened at $27.04 on Monday. ACM Research has a fifty-two week low of $8.75 and a fifty-two week high of $34.40. The firm has a market capitalization of $1.52 billion, a PE ratio of 23.11 and a beta of 1.39. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.26 and a current ratio of 2.35. The stock’s 50-day simple moving average is $28.01 and its 200-day simple moving average is $21.50.

Insider Transactions at ACM Research

In other news, insider Sotheara Cheav sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $29.09, for a total transaction of $145,450.00. Following the sale, the insider now owns 105,002 shares of the company’s stock, valued at approximately $3,054,508.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Haiping Dun sold 19,434 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $27.70, for a total transaction of $538,321.80. Following the sale, the director now owns 855,090 shares of the company’s stock, valued at approximately $23,685,993. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sotheara Cheav sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $29.09, for a total transaction of $145,450.00. Following the sale, the insider now directly owns 105,002 shares in the company, valued at approximately $3,054,508.18. The disclosure for this sale can be found here. Insiders have sold 149,434 shares of company stock valued at $4,375,572 in the last 90 days. 33.63% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ACMR. Ariose Capital Management Ltd lifted its position in shares of ACM Research by 163.8% during the 4th quarter. Ariose Capital Management Ltd now owns 1,980,671 shares of the specialty retailer’s stock valued at $38,702,000 after buying an additional 1,229,839 shares in the last quarter. Panview Asian Equity Master Fund lifted its position in shares of ACM Research by 264.7% during the 4th quarter. Panview Asian Equity Master Fund now owns 1,057,753 shares of the specialty retailer’s stock valued at $20,668,000 after buying an additional 767,753 shares in the last quarter. Prelude Capital Management LLC purchased a new position in shares of ACM Research during the 4th quarter valued at approximately $8,640,000. Vanguard Group Inc. lifted its position in shares of ACM Research by 10.9% during the 3rd quarter. Vanguard Group Inc. now owns 4,082,835 shares of the specialty retailer’s stock valued at $73,920,000 after buying an additional 399,854 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of ACM Research by 1,084.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 286,424 shares of the specialty retailer’s stock valued at $5,186,000 after buying an additional 262,235 shares in the last quarter. Hedge funds and other institutional investors own 66.75% of the company’s stock.

ACM Research Company Profile

ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.