ACM Research (NASDAQ:ACMR) Sets New 12-Month High – Time to Buy?

ACM Research, Inc. (NASDAQ:ACMR) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $45.43 and last traded at $44.4920, with a volume of 18533 shares changing hands. The stock had previously closed at $44.88.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Roth Capital reissued a “buy” rating and issued a $40.00 price target on shares of ACM Research in a research note on Wednesday, November 5th. Zacks Research lowered ACM Research from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 12th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of ACM Research in a report on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, ACM Research presently has an average rating of “Moderate Buy” and an average price target of $38.00.

ACM Research Stock Performance

The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 25.85 and a beta of 1.46. The firm has a 50 day moving average price of $36.39 and a 200-day moving average price of $33.12. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.48 and a quick ratio of 2.48.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings results 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). ACM Research had a net margin of 13.30% and a return on equity of 7.11%. The company had revenue of $269.16 million during the quarter, compared to analyst estimates of $251.72 million. During the same period in the prior year, the business earned $0.63 EPS. ACM Research’s revenue for the quarter was up 32.0% on a year-over-year basis. As a group, sell-side analysts expect that ACM Research, Inc. will post 1.17 earnings per share for the current fiscal year.

Insider Buying and Selling at ACM Research

In related news, insider Lisa Feng sold 15,000 shares of the stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $33.77, for a total transaction of $506,550.00. Following the completion of the sale, the insider owned 50,001 shares in the company, valued at $1,688,533.77. This represents a 23.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David H. Wang sold 60,000 shares of the business’s 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 sale, the insider owned 802,708 shares in the company, valued at $27,388,396.96. The trade was a 6.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 265,000 shares of company stock valued at $8,849,150. Insiders own 25.00% of the company’s stock.

Institutional Investors Weigh In On ACM Research

Several hedge funds have recently modified their holdings of ACMR. LSV Asset Management raised its position in shares of ACM Research by 462.9% in the 3rd quarter. LSV Asset Management now owns 2,504,305 shares of the specialty retailer’s stock worth $97,993,000 after buying an additional 2,059,405 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of ACM Research by 39.3% during 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 buying an additional 649,116 shares during the last quarter. Vanguard Group Inc. grew its position in ACM Research by 12.8% in 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. Cederberg Capital Ltd acquired a new stake in ACM Research in the 3rd quarter valued at approximately $19,428,000. Finally, Triata Capital Ltd boosted its holdings in shares of ACM Research by 26.0% in the third quarter. Triata Capital Ltd now owns 2,003,225 shares of the specialty retailer’s stock valued at $78,386,000 after acquiring an additional 413,000 shares in the last quarter. 66.75% of the stock is owned by institutional investors and hedge funds.

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.