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

ACM Research, Inc. (NASDAQ:ACMR) has been assigned an average recommendation of “Moderate Buy” from the four research firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $127.50.

A number of analysts have recently issued reports on ACMR shares. Weiss Ratings raised shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Seaport Research Partners initiated coverage on shares of ACM Research in a report on Monday, May 4th. They set a “buy” rating and a $75.00 price objective for the company. Zacks Research cut shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. 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, June 23rd. Finally, Roth Capital set a $125.00 target price on shares of ACM Research and gave the stock a “buy” rating in a research report on Wednesday, June 17th.

Insiders Place Their Bets

In other ACM Research news, Director Haiping Dun sold 5,000 shares of ACM Research stock in a transaction 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 sale, the director directly owned 5,000 shares of the company’s stock, valued at $331,100. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David H. Wang sold 60,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $90.05, for a total value of $5,403,000.00. Following the completion of the sale, the insider owned 802,708 shares of the company’s stock, valued at $72,283,855.40. This represents a 6.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 123,752 shares of company stock worth $10,752,198 in the last ninety days. 24.36% of the stock is owned by company insiders.

Institutional Investors Weigh In On ACM Research

A number of institutional investors have recently added to or reduced their stakes in the stock. Handelsbanken Fonder AB grew its stake in ACM Research by 31.4% during the 2nd quarter. Handelsbanken Fonder AB now owns 20,900 shares of the specialty retailer’s stock worth $2,652,000 after buying an additional 5,000 shares during the last quarter. Key Client Fiduciary Advisors LLC purchased a new position in shares of ACM Research in the second quarter worth $252,000. Contravisory Investment Management Inc. lifted its stake in shares of ACM Research by 2.3% during the second quarter. Contravisory Investment Management Inc. now owns 5,216 shares of the specialty retailer’s stock worth $662,000 after buying an additional 115 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of ACM Research during the second quarter valued at $888,000. Finally, GAMMA Investing LLC grew its holdings in shares of ACM Research by 14.5% during the second quarter. GAMMA Investing LLC now owns 1,440 shares of the specialty retailer’s stock valued at $183,000 after buying an additional 182 shares during the last quarter. Institutional investors own 66.75% of the company’s stock.

ACM Research Trading Down 0.2%

Shares of NASDAQ ACMR opened at $83.92 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.52 and a current ratio of 3.51. The business’s 50 day moving average price is $89.59 and its 200-day moving average price is $64.94. ACM Research has a fifty-two week low of $23.03 and a fifty-two week high of $127.19. The company has a market cap of $5.14 billion, a price-to-earnings ratio of 64.06 and a beta of 1.90.

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, beating 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 company had revenue of $231.26 million during the quarter, compared to analysts’ expectations of $215.69 million. During the same quarter in the previous year, the business earned $0.46 EPS. ACM Research’s revenue was up 34.2% compared to the same quarter last year. On average, sell-side analysts expect that ACM Research will post 1.02 earnings per share 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.