ACM Research (NASDAQ:ACMR) Trading Down 7.6% – Should You Sell?

ACM Research, Inc. (NASDAQ:ACMR)’s share price traded down 7.6% during mid-day trading on Monday . The company traded as low as $95.22 and last traded at $95.14. Approximately 243,119 shares were traded during trading, a decline of 84% from the average session volume of 1,535,571 shares. The stock had previously closed at $103.00.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ACMR. Weiss Ratings raised shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Zacks Research cut ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Morgan Stanley reiterated an “overweight” rating and set a $130.00 price target (up from $90.00) on shares of ACM Research in a research note on Tuesday, June 23rd. Roth Capital set a $125.00 price objective on ACM Research and gave the company a “buy” rating in a report on Wednesday, June 17th. Finally, Seaport Research Partners started coverage on ACM Research in a research note on Monday, May 4th. They issued a “buy” rating and a $75.00 price objective for the company. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $127.50.

ACM Research Stock Performance

The stock has a market capitalization of $6.06 billion, a price-to-earnings ratio of 75.49 and a beta of 1.90. The firm has a fifty day moving average of $87.88 and a 200 day moving average of $64.13. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.51 and a quick ratio of 2.52.

ACM Research (NASDAQ:ACMR) last announced its quarterly earnings results on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. The company had revenue of $231.26 million during 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 for the quarter was up 34.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 earnings per share. On average, sell-side analysts anticipate that ACM Research, Inc. will post 1.02 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Haiping Dun sold 5,000 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $66.22, for a total transaction of $331,100.00. Following the sale, the director owned 5,000 shares in the company, valued at approximately $331,100. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles C. Pappis sold 5,000 shares of ACM Research stock in a transaction on Friday, April 17th. The shares were sold at an average price of $52.00, for a total transaction of $260,000.00. Following the completion of the transaction, the director directly owned 5,000 shares of the company’s stock, valued at $260,000. The trade was a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 128,752 shares of company stock valued at $11,012,198. 24.36% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On ACM Research

A number of hedge funds have recently bought and sold shares of the business. Handelsbanken Fonder AB grew its holdings in ACM Research by 31.4% in the second quarter. Handelsbanken Fonder AB now owns 20,900 shares of the specialty retailer’s stock valued at $2,652,000 after purchasing an additional 5,000 shares during the period. Key Client Fiduciary Advisors LLC acquired a new stake in ACM Research in the 2nd quarter valued at $252,000. Contravisory Investment Management Inc. increased its holdings in ACM Research by 2.3% in the 2nd quarter. Contravisory Investment Management Inc. now owns 5,216 shares of the specialty retailer’s stock worth $662,000 after acquiring an additional 115 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in ACM Research during the second quarter worth $888,000. Finally, GAMMA Investing LLC raised its position in ACM Research by 14.5% during the second quarter. GAMMA Investing LLC now owns 1,440 shares of the specialty retailer’s stock worth $183,000 after acquiring an additional 182 shares during the period. Hedge funds and other institutional investors 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.