ACM Research (NASDAQ:ACMR) Earns Buy Rating from Analysts at Daiwa Securities Group

Equities researchers at Daiwa Securities Group started coverage on shares of ACM Research (NASDAQ:ACMR) in a report released on Wednesday. The firm set a “buy” rating and a $136.00 price target on the specialty retailer’s stock. Daiwa Securities Group’s price objective points to a potential upside of 70.49% from the stock’s current price.

ACMR has been the topic of several other reports. Weiss Ratings upgraded shares of ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Craig Hallum reiterated a “buy” rating and issued a $100.00 price objective on shares of ACM Research in a research note on Monday, August 10th. 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. Zacks Research upgraded ACM Research from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. Finally, Seaport Research Partners assumed coverage on ACM Research in a research note on Monday, May 4th. They issued a “buy” rating and a $75.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $122.75.

ACM Research Trading Up 3.1%

NASDAQ ACMR opened at $79.77 on Wednesday. The company has a current ratio of 3.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.08. The business has a fifty day simple moving average of $90.52 and a 200 day simple moving average of $70.77. ACM Research has a 12 month low of $26.10 and a 12 month high of $127.19. The firm has a market capitalization of $5.16 billion, a P/E ratio of 37.99 and a beta of 1.96.

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

Insider Transactions at ACM Research

In related news, Director Haiping Dun sold 5,000 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $81.13, for a total value of $405,650.00. Following the transaction, the director directly owned 5,000 shares of the company’s stock, valued at approximately $405,650. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sotheara Cheav sold 5,399 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $83.18, for a total transaction of $449,088.82. Following the transaction, the insider owned 100,002 shares of the company’s stock, valued at approximately $8,318,166.36. The trade was a 5.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 123,752 shares of company stock worth $10,826,748 in the last ninety days. Company insiders own 24.36% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Jefferies Financial Group Inc. bought a new stake in shares of ACM Research during the 4th quarter valued at $1,054,000. Vanguard Group Inc. boosted its stake in ACM Research by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 4,972,103 shares of the specialty retailer’s stock worth $196,149,000 after purchasing an additional 125,690 shares during the period. Thompson Siegel & Walmsley LLC boosted its stake in ACM Research by 71.8% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 188,500 shares of the specialty retailer’s stock worth $7,436,000 after purchasing an additional 78,800 shares during the period. Penn Capital Management Company LLC purchased a new position in ACM Research during the 4th quarter valued at about $17,212,000. Finally, Fideuram Asset Management Ireland dac purchased a new position in ACM Research during the 4th quarter valued at about $1,222,000. 66.75% of the stock is 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.