ACM Research (NASDAQ:ACMR) Shares Up 8.5% – Still a Buy?

Shares of ACM Research, Inc. (NASDAQ:ACMR) were up 8.5% during trading on Monday . The company traded as high as $105.03 and last traded at $106.1080. Approximately 180,239 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 1,543,474 shares. The stock had previously closed at $97.77.

Analyst Ratings Changes

ACMR has been the subject of a number of analyst reports. Morgan Stanley reissued an “overweight” rating and issued a $130.00 price objective (up from $90.00) on shares of ACM Research in a research report on Tuesday, June 23rd. Wall Street Zen raised ACM Research from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Seaport Research Partners started coverage on ACM Research in a research note on Monday, May 4th. They issued a “buy” rating and a $75.00 price target on the stock. Weiss Ratings raised ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Finally, Roth Mkm set a $125.00 price objective on ACM Research and gave the company a “buy” rating in a research note on Wednesday, June 17th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $127.50.

ACM Research Stock Up 5.5%

The stock has a market capitalization of $6.31 billion, a price-to-earnings ratio of 78.67 and a beta of 1.90. The firm’s fifty day moving average is $81.33 and its 200-day moving average is $61.17. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.51 and a quick ratio of 2.52.

ACM Research (NASDAQ:ACMR) last announced its quarterly earnings data on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.08. The company had revenue of $231.26 million during the quarter, compared to analyst estimates of $215.69 million. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. The firm’s revenue for the quarter was up 34.2% compared to the same quarter last year. During the same period last year, the business earned $0.46 EPS. On average, sell-side analysts predict that ACM Research, Inc. will post 1.02 earnings per share for the current year.

Insider Activity at ACM Research

In other ACM Research news, insider David H. Wang sold 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $90.05, for a total transaction of $5,403,000.00. Following the sale, the insider owned 802,708 shares in the company, valued at $72,283,855.40. This represents a 6.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Sotheara Cheav sold 13,351 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $85.15, for a total value of $1,136,837.65. Following the sale, the insider owned 100,002 shares in the company, valued at $8,515,170.30. The trade was a 11.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 128,752 shares of company stock worth $11,012,198. 24.36% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC raised its position in shares of ACM Research by 381.0% during the 1st quarter. NewEdge Advisors LLC now owns 1,087 shares of the specialty retailer’s stock valued at $43,000 after acquiring an additional 861 shares in the last quarter. Bank of America Corp DE lifted its stake in ACM Research by 33.4% during the first quarter. Bank of America Corp DE now owns 402,412 shares of the specialty retailer’s stock worth $15,835,000 after purchasing an additional 100,700 shares during the last quarter. California State Teachers Retirement System boosted its holdings in ACM Research by 32.4% in the first quarter. California State Teachers Retirement System now owns 63,131 shares of the specialty retailer’s stock worth $2,484,000 after purchasing an additional 15,460 shares during the period. Royal Bank of Canada boosted its holdings in ACM Research by 26.0% in the first quarter. Royal Bank of Canada now owns 4,118 shares of the specialty retailer’s stock worth $162,000 after purchasing an additional 849 shares during the period. Finally, Lazard Asset Management LLC bought a new stake in ACM Research during the first quarter valued at $1,693,000. Institutional investors and hedge funds own 66.75% of the company’s stock.

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.