ACM Research (NASDAQ:ACMR) Stock Price Down 4.1%

ACM Research, Inc. (NASDAQ:ACMR)’s stock price fell 4.1% during trading on Wednesday . The company traded as low as $98.10 and last traded at $98.81. 7,800 shares changed hands during trading, a decline of 98% from the average session volume of 348,948 shares. The stock had previously closed at $102.99.

A number of brokerages have recently commented on ACMR. Roth Capital increased their price objective on ACM Research from $110.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, September 9th. Zacks Investment Research raised shares of ACM Research from a “sell” rating to a “hold” rating in a research note on Wednesday, August 25th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, ACM Research presently has an average rating of “Buy” and an average price target of $118.00.

The company has a quick ratio of 1.19, a current ratio of 2.03 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 72.30 and a beta of 0.73. The stock’s 50 day moving average price is $88.61 and its two-hundred day moving average price is $86.22.

ACM Research (NASDAQ:ACMR) last posted its earnings results on Wednesday, August 4th. The specialty retailer reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.01). The business had revenue of $53.86 million for the quarter, compared to analyst estimates of $51.57 million. ACM Research had a return on equity of 11.62% and a net margin of 15.30%. On average, equities analysts expect that ACM Research, Inc. will post 1.01 EPS for the current fiscal year.

In other ACM Research news, insider Mark Mckechnie sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 19th. The shares were sold at an average price of $82.08, for a total transaction of $410,400.00. Following the completion of the transaction, the insider now owns 5,000 shares in the company, valued at $410,400. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Yinan Xiang sold 3,623 shares of the firm’s stock in a transaction dated Friday, August 13th. The stock was sold at an average price of $85.10, for a total transaction of $308,317.30. The disclosure for this sale can be found here. Insiders have sold 100,371 shares of company stock valued at $8,554,845 over the last 90 days. Corporate insiders own 40.74% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of ACMR. Captrust Financial Advisors acquired a new stake in shares of ACM Research in the first quarter valued at approximately $30,000. Citigroup Inc. increased its holdings in shares of ACM Research by 50.0% in the second quarter. Citigroup Inc. now owns 333 shares of the specialty retailer’s stock valued at $34,000 after purchasing an additional 111 shares in the last quarter. JTC Employer Solutions Trusteee Ltd acquired a new stake in shares of ACM Research in the second quarter valued at approximately $95,000. SG Americas Securities LLC acquired a new stake in shares of ACM Research in the second quarter valued at approximately $122,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of ACM Research by 2,482.0% in the first quarter. JPMorgan Chase & Co. now owns 2,298 shares of the specialty retailer’s stock valued at $185,000 after purchasing an additional 2,209 shares in the last quarter. 37.23% of the stock is owned by institutional investors.

About ACM Research (NASDAQ:ACMR)

ACM Research, Inc engages in the development, manufacture, and sale of single-wafer wet cleaning equipment. It supplies process solutions that semi conductor manufacturers can use in numerous manufacturing steps to remove particles, contaminants and other random defects, and thereby improve product yield.

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