ACM Research (NASDAQ:ACMR) Hits New 1-Year High – What’s Next?

Shares of ACM Research, Inc. (NASDAQ:ACMR) hit a new 52-week high on Monday . The stock traded as high as $53.86 and last traded at $53.71, with a volume of 154719 shares trading hands. The stock had previously closed at $53.22.

Analyst Ratings Changes

Several analysts recently commented on ACMR shares. Roth Capital reiterated a “buy” rating and issued a $40.00 target price on shares of ACM Research in a report on Wednesday, November 5th. Weiss Ratings restated a “buy (b-)” rating on shares of ACM Research in a research report on Monday, December 29th. Finally, Zacks Research raised shares of ACM Research from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $38.00.

ACM Research Trading Up 1.8%

The firm’s 50-day moving average price is $37.07 and its 200 day moving average price is $33.93. The company has a market cap of $3.24 billion, a price-to-earnings ratio of 31.60 and a beta of 1.46. The company has a current ratio of 3.48, a quick ratio of 2.48 and a debt-to-equity ratio of 0.10.

ACM Research (NASDAQ:ACMR) last issued its earnings results on Wednesday, November 5th. The specialty retailer reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.11). ACM Research had a return on equity of 7.11% and a net margin of 13.30%.The company had revenue of $269.16 million for the quarter, compared to the consensus estimate of $251.72 million. During the same period in the prior year, the company earned $0.63 earnings per share. The firm’s revenue was up 32.0% compared to the same quarter last year. As a group, equities analysts expect that ACM Research, Inc. will post 1.17 EPS for the current year.

Insiders Place Their Bets

In related news, insider David H. Wang sold 70,000 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $33.06, for a total value of $2,314,200.00. Following the transaction, the insider directly owned 802,708 shares in the company, valued at $26,537,526.48. This trade represents a 8.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Lisa Feng sold 15,000 shares of the business’s 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 sale, the insider owned 50,001 shares of the company’s stock, valued at $1,688,533.77. This trade represents a 23.08% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 265,000 shares of company stock worth $8,849,150. Corporate insiders own 25.00% of the company’s stock.

Institutional Investors Weigh In On ACM Research

Several hedge funds and other institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in ACM Research by 10.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,061 shares of the specialty retailer’s stock valued at $748,000 after purchasing an additional 3,065 shares during the last quarter. Caxton Associates LLP bought a new stake in ACM Research during the first quarter worth $250,000. Acadian Asset Management LLC purchased a new stake in ACM Research in the 1st quarter valued at $3,902,000. Strs Ohio purchased a new stake in ACM Research in the 1st quarter valued at $133,000. Finally, Rhumbline Advisers lifted its stake in ACM Research by 3.6% during the 1st quarter. Rhumbline Advisers now owns 76,416 shares of the specialty retailer’s stock valued at $1,784,000 after acquiring an additional 2,677 shares in the last quarter. 66.75% of the stock is owned by institutional investors.

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.