ACM Research, Inc. (NASDAQ:ACMR) Receives Average Recommendation of “Buy” from Analysts

Shares of ACM Research, Inc. (NASDAQ:ACMR) have received an average recommendation of “Buy” from the six brokerages that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $122.75.

Several research analysts have weighed in on the company. Weiss Ratings raised ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Roth Capital set a $125.00 target price on ACM Research and gave the stock a “buy” rating in a research note 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 report on Tuesday, June 23rd. Wall Street Zen upgraded shares of ACM Research from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Daiwa Securities Group assumed coverage on shares of ACM Research in a research report on Wednesday, August 26th. They issued a “buy” rating and a $136.00 price objective on the stock.

ACM Research Stock Up 7.2%

ACM Research stock opened at $74.44 on Friday. ACM Research has a fifty-two week low of $26.44 and a fifty-two week high of $127.19. The stock has a market cap of $4.81 billion, a PE ratio of 35.45 and a beta of 1.96. The firm’s 50-day simple moving average is $85.71 and its 200 day simple moving average is $71.32. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.66 and a current ratio of 3.66.

ACM Research (NASDAQ:ACMR) last announced its earnings results on Friday, August 7th. The specialty retailer reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.19. The firm had revenue of $292.92 million for the quarter, compared to the consensus estimate of $269.28 million. ACM Research had a return on equity of 4.08% and a net margin of 14.48%.The company’s revenue was up 36.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.54 EPS. Research analysts predict that ACM Research will post 1.68 EPS for the current fiscal year.

Insider Activity at ACM Research

In related news, Director Haiping Dun sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $81.13, for a total value of $405,650.00. Following the transaction, the director owned 5,000 shares in the company, valued at approximately $405,650. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 24.36% of the company’s stock.

Institutional Trading of ACM Research

Hedge funds have recently made changes to their positions in the company. Contravisory Investment Management Inc. raised its position in shares of ACM Research by 2.3% in the second quarter. Contravisory Investment Management Inc. now owns 5,216 shares of the specialty retailer’s stock valued at $662,000 after purchasing an additional 115 shares during the period. Maryland State Retirement & Pension System raised its holdings in ACM Research by 2.2% during the 4th quarter. Maryland State Retirement & Pension System now owns 7,764 shares of the specialty retailer’s stock valued at $306,000 after acquiring an additional 168 shares during the period. GAMMA Investing LLC boosted its holdings in shares of ACM Research by 14.5% in 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. MML Investors Services LLC grew its position in shares of ACM Research by 1.0% in the fourth quarter. MML Investors Services LLC now owns 22,851 shares of the specialty retailer’s stock valued at $901,000 after purchasing an additional 217 shares in the last quarter. Finally, First Growth Capital LLC raised its stake in shares of ACM Research by 5.4% during the 1st quarter. First Growth Capital LLC now owns 5,598 shares of the specialty retailer’s stock valued at $226,000 after purchasing an additional 285 shares during the period. 66.75% of the stock is currently owned by institutional investors.

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.