ACM Research (NASDAQ:ACMR) Earns Hold (C+) Rating from Weiss Ratings

ACM Research (NASDAQ:ACMR)‘s stock had its “hold (c+)” rating restated by equities researchers at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Separately, Roth Capital restated a “buy” rating and set a $50.00 price target (up from $40.00) on shares of ACM Research in a report on Monday, September 29th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $32.25.

ACM Research Stock Performance

ACM Research stock opened at $41.07 on Wednesday. ACM Research has a 12-month low of $13.87 and a 12-month high of $45.12. The company has a quick ratio of 1.49, a current ratio of 2.45 and a debt-to-equity ratio of 0.14. The business’s 50-day moving average price is $31.45 and its two-hundred day moving average price is $26.76. The stock has a market cap of $2.43 billion, a PE ratio of 24.89 and a beta of 1.42.

ACM Research (NASDAQ:ACMR) last released its earnings results on Wednesday, August 6th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.12. ACM Research had a return on equity of 9.57% and a net margin of 13.76%.The firm had revenue of $215.37 million for the quarter, compared to analysts’ expectations of $223.42 million. During the same quarter in the previous year, the business posted $0.55 earnings per share. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, analysts expect that ACM Research will post 1.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Tracy Liu sold 15,000 shares of ACM Research stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $33.00, for a total value of $495,000.00. Following the transaction, the director directly owned 110,772 shares of the company’s stock, valued at $3,655,476. The trade was a 11.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jian Wang sold 30,000 shares of ACM Research stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $32.00, for a total value of $960,000.00. Following the completion of the transaction, the insider directly owned 253,158 shares in the company, valued at approximately $8,101,056. This represents a 10.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 271,152 shares of company stock valued at $7,999,160 in the last ninety days. Insiders own 25.00% of the company’s stock.

Hedge Funds Weigh In On ACM Research

Institutional investors have recently added to or reduced their stakes in the business. KBC Group NV acquired a new position in shares of ACM Research during the first quarter worth approximately $29,000. EverSource Wealth Advisors LLC raised its position in shares of ACM Research by 656.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 1,122 shares during the period. Caitong International Asset Management Co. Ltd raised its position in shares of ACM Research by 871.5% during the first quarter. Caitong International Asset Management Co. Ltd now owns 4,673 shares of the specialty retailer’s stock worth $109,000 after purchasing an additional 4,192 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in shares of ACM Research during the first quarter worth approximately $114,000. Finally, Headlands Technologies LLC acquired a new position in shares of ACM Research during the second quarter worth approximately $114,000. 66.75% of the stock is owned by institutional investors and hedge funds.

ACM Research Company Profile

ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.