ACM Research (NASDAQ:ACMR) Shares Gap Down on Disappointing Earnings

Shares of ACM Research, Inc. (NASDAQ:ACMR) gapped down before the market opened on Wednesday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $38.90, but opened at $30.80. ACM Research shares last traded at $32.2040, with a volume of 1,102,852 shares trading hands.

The specialty retailer reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.11). ACM Research had a net margin of 13.76% and a return on equity of 9.57%. The company had revenue of $269.16 million for the quarter, compared to the consensus estimate of $251.72 million. During the same quarter last year, the business earned $0.63 earnings per share. ACM Research’s quarterly revenue was up 32.0% on a year-over-year basis. ACM Research has set its FY 2025 guidance at EPS.

Analyst Ratings Changes

ACMR has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 24th. Roth Capital restated a “buy” rating and issued a $40.00 target price on shares of ACM Research in a research note on Wednesday. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, ACM Research has an average rating of “Moderate Buy” and an average target price of $29.75.

Insider Buying and Selling at ACM Research

In related news, insider Sotheara Cheav sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $35.00, for a total value of $350,000.00. Following the completion of the sale, the insider owned 100,002 shares in the company, valued at approximately $3,500,070. This represents a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Tracy Liu sold 15,000 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $33.00, for a total value of $495,000.00. Following the completion of the transaction, the director directly owned 110,772 shares in the company, valued at $3,655,476. The trade was a 11.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 256,152 shares of company stock worth $7,549,160. 25.00% of the stock is currently owned by insiders.

Institutional Trading of ACM Research

A number of institutional investors and hedge funds have recently modified their holdings of the stock. LSV Asset Management grew its stake in shares of ACM Research by 462.9% in the third quarter. LSV Asset Management now owns 2,504,305 shares of the specialty retailer’s stock valued at $97,993,000 after buying an additional 2,059,405 shares in the last quarter. Federated Hermes Inc. raised its position in ACM Research by 12,871.6% during the first quarter. Federated Hermes Inc. now owns 1,072,752 shares of the specialty retailer’s stock worth $25,038,000 after acquiring an additional 1,064,482 shares in the last quarter. Broad Bay Capital Management LP acquired a new stake in ACM Research in the first quarter valued at $21,134,000. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of ACM Research by 39.3% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,302,351 shares of the specialty retailer’s stock valued at $59,631,000 after acquiring an additional 649,116 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of ACM Research by 12.8% during the 3rd quarter. Vanguard Group Inc. now owns 4,846,413 shares of the specialty retailer’s stock worth $189,640,000 after purchasing an additional 549,971 shares during the last quarter. 66.75% of the stock is owned by institutional investors.

ACM Research Stock Performance

The company has a market capitalization of $1.84 billion, a P/E ratio of 18.85 and a beta of 1.44. The stock’s fifty day moving average price is $36.36 and its 200-day moving average price is $29.29. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.49 and a current ratio of 2.45.

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.