ACM Research (NASDAQ:ACMR) Hits New 1-Year High – Should You Buy?

Shares of ACM Research, Inc. (NASDAQ:ACMR) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $61.58 and last traded at $61.12, with a volume of 2418646 shares trading hands. The stock had previously closed at $58.12.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Zacks Research raised ACM Research from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Roth Mkm reiterated a “buy” rating and set a $40.00 price objective on shares of ACM Research in a report on Wednesday, November 5th. Finally, Weiss Ratings raised ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 26th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

ACM Research Price Performance

The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 35.53 and a beta of 1.48. The company has a 50 day simple moving average of $43.73 and a 200-day simple moving average of $36.79. The company has a current ratio of 3.48, a quick ratio of 2.48 and a debt-to-equity ratio of 0.10.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings data on Wednesday, November 5th. The specialty retailer reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.11). The firm had revenue of $269.16 million for the quarter, compared to the consensus estimate of $251.72 million. ACM Research had a return on equity of 7.11% and a net margin of 13.30%.The firm’s quarterly revenue was up 32.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.63 earnings per share. Research analysts expect that ACM Research, Inc. will post 1.17 EPS for the current year.

Insider Activity

In other news, insider Fuping Chen sold 20,000 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $33.06, for a total value of $661,200.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider David H. Wang sold 60,000 shares of the stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $34.12, for a total transaction of $2,047,200.00. Following the transaction, the insider owned 802,708 shares of the company’s stock, valued at $27,388,396.96. The trade was a 6.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 265,000 shares of company stock worth $8,849,150 over the last ninety days. Insiders own 25.00% of the company’s stock.

Institutional Trading of ACM Research

A number of hedge funds and other institutional investors have recently modified their holdings of ACMR. Farther Finance Advisors LLC grew its stake in ACM Research by 90.1% in the fourth quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 308 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of ACM Research by 206.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 515 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of ACM Research by 78.9% in the 3rd quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock valued at $33,000 after buying an additional 367 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of ACM Research by 656.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock valued at $33,000 after buying an additional 1,122 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in ACM Research by 38.8% during the fourth quarter. GAMMA Investing LLC now owns 1,070 shares of the specialty retailer’s stock worth $42,000 after buying an additional 299 shares during the last quarter. Institutional investors and hedge funds own 66.75% of the company’s stock.

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.