ACM Research, Inc. (NASDAQ:ACMR) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of ACM Research, Inc. (NASDAQ:ACMR) have been assigned an average rating of “Moderate Buy” from the four research firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $127.50.

A number of brokerages have recently weighed in on ACMR. Morgan Stanley restated 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. Zacks Research downgraded ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Wall Street Zen upgraded ACM Research from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Seaport Research Partners started coverage on shares of ACM Research in a report on Monday, May 4th. They issued a “buy” rating and a $75.00 price target on the stock. Finally, Weiss Ratings raised shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th.

Insider Activity at ACM Research

In related news, insider David H. Wang sold 40,002 shares of ACM Research stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $85.80, for a total value of $3,432,171.60. Following the sale, the insider owned 802,708 shares of the company’s stock, valued at approximately $68,872,346.40. The trade was a 4.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Charles C. Pappis sold 5,000 shares of ACM Research stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $52.00, for a total transaction of $260,000.00. Following the completion of the sale, the director directly owned 5,000 shares in the company, valued at $260,000. This trade represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 128,752 shares of company stock worth $11,012,198. Company insiders own 24.36% of the company’s stock.

Institutional Investors Weigh In On ACM Research

Hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its holdings 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 worth $26,000 after purchasing an additional 308 shares during the period. Hantz Financial Services Inc. raised its holdings in ACM Research by 266.7% during the 4th 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 4th quarter valued at $28,000. Jones Financial Companies Lllp raised its holdings in ACM Research by 206.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock valued at $29,000 after acquiring an additional 515 shares during the period. Finally, GAMMA Investing LLC raised its holdings in ACM Research by 38.8% during the 4th 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. Institutional investors own 66.75% of the company’s stock.

ACM Research Price Performance

Shares of NASDAQ ACMR opened at $104.49 on Tuesday. ACM Research has a twelve month low of $23.03 and a twelve month high of $111.41. The stock’s 50 day moving average price is $75.24 and its 200-day moving average price is $58.44. The company has a market capitalization of $6.40 billion, a PE ratio of 79.76 and a beta of 2.01. 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 announced its earnings results on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. ACM Research had a return on equity of 4.17% and a net margin of 9.48%.The firm had revenue of $231.26 million for the quarter, compared to the consensus estimate of $215.69 million. During the same quarter in the previous year, the business earned $0.46 EPS. The company’s revenue was up 34.2% compared to the same quarter last year. On average, equities analysts anticipate that ACM Research will post 1.02 EPS for the current 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.