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

ACM Research, Inc. (NASDAQ:ACMR) has received a consensus rating of “Moderate Buy” from the four ratings firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $127.50.

Several research analysts have recently commented on the company. Weiss Ratings raised ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Zacks Research downgraded ACM Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Roth Mkm set a $125.00 target price on ACM Research and gave the stock a “buy” rating in a report on Wednesday, June 17th. Morgan Stanley reissued an “overweight” rating on shares of ACM Research in a report on Tuesday. Finally, Seaport Research Partners started coverage on ACM Research in a report on Monday, May 4th. They issued a “buy” rating and a $75.00 target price on the stock.

ACM Research Price Performance

NASDAQ ACMR traded down $4.05 during trading on Tuesday, reaching $99.12. 1,767,071 shares of the company traded hands, compared to its average volume of 1,834,672. The company has a market cap of $6.07 billion, a price-to-earnings ratio of 97.33 and a beta of 2.01. 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 has a 1-year low of $23.03 and a 1-year high of $111.41. The stock’s 50 day moving average price is $71.99 and its two-hundred day moving average price is $57.14.

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

Insider Activity at ACM Research

In related news, Director Charles C. Pappis sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $52.00, for a total value of $260,000.00. Following the completion of the transaction, the director owned 5,000 shares in the company, valued at $260,000. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Sotheara Cheav sold 13,351 shares of the business’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 completion of the transaction, the insider owned 100,002 shares of the company’s stock, valued at $8,515,170.30. This trade represents a 11.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 128,752 shares of company stock worth $11,012,198. Company insiders own 24.36% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC increased its holdings in ACM Research by 381.0% during the 1st quarter. NewEdge Advisors LLC now owns 1,087 shares of the specialty retailer’s stock worth $43,000 after purchasing an additional 861 shares in the last quarter. Bank of America Corp DE increased its holdings in ACM Research by 33.4% during the 1st quarter. Bank of America Corp DE now owns 402,412 shares of the specialty retailer’s stock worth $15,835,000 after purchasing an additional 100,700 shares in the last quarter. California State Teachers Retirement System increased its holdings in ACM Research by 32.4% during the 1st quarter. California State Teachers Retirement System now owns 63,131 shares of the specialty retailer’s stock worth $2,484,000 after purchasing an additional 15,460 shares in the last quarter. Royal Bank of Canada increased its holdings in ACM Research by 26.0% during the 1st quarter. Royal Bank of Canada now owns 4,118 shares of the specialty retailer’s stock worth $162,000 after purchasing an additional 849 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new position in ACM Research during the 1st quarter worth about $1,693,000. 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.