ACM Research (NASDAQ:ACMR) Shares Down 4%

ACM Research, Inc. (NASDAQ:ACMR)’s stock price traded down 4% during mid-day trading on Monday . The company traded as low as $25.90 and last traded at $25.95. 99,195 shares traded hands during trading, a decline of 94% from the average session volume of 1,647,012 shares. The stock had previously closed at $27.04.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. The Goldman Sachs Group upgraded ACM Research from a “neutral” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Thursday, February 29th. Benchmark lifted their target price on ACM Research from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Needham & Company LLC lifted their target price on ACM Research from $24.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Finally, Roth Mkm boosted their price objective on ACM Research from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $31.88.

ACM Research Stock Performance

The company has a market capitalization of $1.51 billion, a P/E ratio of 23.11 and a beta of 1.39. The firm has a 50 day moving average price of $28.01 and a two-hundred day moving average price of $21.50. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.26 and a current ratio of 2.35.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings data on Wednesday, February 28th. The specialty retailer reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.27. ACM Research had a return on equity of 9.23% and a net margin of 13.87%. The company had revenue of $170.30 million for the quarter, compared to analyst estimates of $149.54 million. During the same period in the prior year, the company posted $0.15 EPS. The company’s revenue was up 57.0% compared to the same quarter last year. On average, research analysts expect that ACM Research, Inc. will post 1.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Tracy Liu sold 12,500 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $25.20, for a total transaction of $315,000.00. Following the sale, the director now directly owns 110,772 shares in the company, valued at approximately $2,791,454.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other ACM Research news, Director Haiping Dun sold 15,000 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $30.36, for a total transaction of $455,400.00. Following the transaction, the director now owns 874,524 shares in the company, valued at $26,550,548.64. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Tracy Liu sold 12,500 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $25.20, for a total value of $315,000.00. Following the completion of the sale, the director now directly owns 110,772 shares of the company’s stock, valued at $2,791,454.40. The disclosure for this sale can be found here. Insiders have sold a total of 149,434 shares of company stock worth $4,375,572 in the last three months. Insiders own 33.63% of the company’s stock.

Hedge Funds Weigh In On ACM Research

Several institutional investors and hedge funds have recently modified their holdings of the business. Trexquant Investment LP lifted its position in ACM Research by 7.5% in the 3rd quarter. Trexquant Investment LP now owns 17,160 shares of the specialty retailer’s stock valued at $311,000 after acquiring an additional 1,198 shares in the last quarter. Spire Wealth Management acquired a new position in ACM Research during the 3rd quarter worth approximately $27,000. Watershed Asset Management L.L.C. boosted its position in ACM Research by 11.0% during the 4th quarter. Watershed Asset Management L.L.C. now owns 15,933 shares of the specialty retailer’s stock worth $311,000 after acquiring an additional 1,582 shares during the last quarter. Federated Hermes Inc. acquired a new position in ACM Research during the 3rd quarter worth approximately $46,000. Finally, Deutsche Bank AG boosted its position in ACM Research by 14.3% during the 3rd quarter. Deutsche Bank AG now owns 24,672 shares of the specialty retailer’s stock worth $447,000 after acquiring an additional 3,087 shares during the last quarter. 66.75% of the stock is currently 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.