ACM Research (NASDAQ:ACMR) Shares Gap Down – Here’s What Happened

ACM Research, Inc. (NASDAQ:ACMR) shares gapped down before the market opened on Monday . The stock had previously closed at $78.47, but opened at $74.83. ACM Research shares last traded at $77.6810, with a volume of 265,044 shares traded.

Analyst Ratings Changes

A number of brokerages recently weighed in on ACMR. Wall Street Zen upgraded shares of ACM Research from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Roth Capital set a $125.00 target price on shares of ACM Research and gave the stock a “buy” rating in a report on Wednesday, June 17th. Morgan Stanley reissued an “overweight” rating and issued a $130.00 price target (up from $90.00) on shares of ACM Research in a research report on Tuesday, June 23rd. Zacks Research lowered ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of ACM Research in a research note on Tuesday, July 21st. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, ACM Research currently has an average rating of “Moderate Buy” and an average target price of $127.50.

ACM Research Stock Performance

The company has a current ratio of 3.51, a quick ratio of 2.52 and a debt-to-equity ratio of 0.11. The firm’s fifty day moving average price is $92.60 and its 200-day moving average price is $68.03. The firm has a market cap of $5.05 billion, a price-to-earnings ratio of 62.99 and a beta of 1.96.

ACM Research (NASDAQ:ACMR) last announced its quarterly 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. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. The firm had revenue of $231.26 million for the quarter, compared to analyst estimates of $215.69 million. During the same period last year, the business earned $0.46 EPS. ACM Research’s revenue for the quarter was up 34.2% compared to the same quarter last year. Analysts expect that ACM Research, Inc. will post 1.02 earnings per share for the current year.

Insider Buying and Selling at ACM Research

In other ACM Research news, Director Haiping Dun sold 5,000 shares of the stock in a transaction that occurred 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 approximately $331,100. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David H. Wang sold 40,002 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $85.80, for a total value of $3,432,171.60. Following the sale, the insider directly owned 802,708 shares of the company’s stock, valued at approximately $68,872,346.40. This represents a 4.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 123,752 shares of company stock valued at $10,752,198 in the last ninety days. Insiders own 24.36% of the company’s stock.

Institutional Investors Weigh In On ACM Research

A number of institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of ACM Research by 10.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,061 shares of the specialty retailer’s stock valued at $748,000 after acquiring an additional 3,065 shares during the period. Caxton Associates LLP purchased a new position in ACM Research during the 1st quarter valued at about $250,000. Strs Ohio acquired a new position in ACM Research during the first quarter worth about $133,000. Creative Planning purchased a new stake in shares of ACM Research in the second quarter valued at about $212,000. Finally, Norges Bank acquired a new stake in shares of ACM Research in the second quarter valued at approximately $739,000. Hedge funds and other 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.