ACM Research (NASDAQ:ACMR) Shares Gap Down – Should You Sell?

ACM Research, Inc. (NASDAQ:ACMR) gapped down before the market opened on Monday . The stock had previously closed at $78.47, but opened at $74.83. ACM Research shares last traded at $77.6810, with a volume of 265,044 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ACMR. Seaport Research Partners assumed coverage on ACM Research in a research note on Monday, May 4th. They set a “buy” rating and a $75.00 price objective on the stock. Zacks Research lowered ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Wall Street Zen upgraded ACM Research from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Morgan Stanley reaffirmed an “overweight” rating and issued a $130.00 price target (up from $90.00) on shares of ACM Research in a research note on Tuesday, June 23rd. Finally, Roth Capital set a $125.00 price objective on ACM Research and gave the company a “buy” rating in a research report on Wednesday, June 17th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, ACM Research currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.50.

ACM Research Stock Up 0.4%

The firm has a market cap of $4.82 billion, a PE ratio of 59.70 and a beta of 1.96. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.52 and a current ratio of 3.51. The company’s 50-day simple moving average is $92.57 and its two-hundred day simple moving average is $67.61.

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

Insider Buying and Selling at ACM Research

In other news, Director Haiping Dun sold 5,000 shares of ACM Research stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $66.22, for a total value of $331,100.00. Following the sale, the director directly owned 5,000 shares in the company, valued at approximately $331,100. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sotheara Cheav sold 13,351 shares of ACM Research stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $85.15, for a total value of $1,136,837.65. Following the completion of the sale, the insider owned 100,002 shares in the company, valued at approximately $8,515,170.30. This represents a 11.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 123,752 shares of company stock valued at $10,752,198 in the last 90 days. Insiders own 24.36% of the company’s stock.

Institutional Trading of ACM Research

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in ACM Research by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 4,972,103 shares of the specialty retailer’s stock worth $196,149,000 after purchasing an additional 125,690 shares in the last quarter. WCM Investment Management LLC boosted its stake in shares of ACM Research by 16,878.8% during the 1st quarter. WCM Investment Management LLC now owns 1,860,874 shares of the specialty retailer’s stock valued at $70,583,000 after purchasing an additional 1,849,914 shares in the last quarter. Morgan Stanley boosted its stake in shares of ACM Research by 58.8% during the 4th quarter. Morgan Stanley now owns 1,392,306 shares of the specialty retailer’s stock valued at $54,926,000 after purchasing an additional 515,340 shares in the last quarter. Geode Capital Management LLC increased its position in shares of ACM Research by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 1,342,899 shares of the specialty retailer’s stock valued at $52,986,000 after buying an additional 19,397 shares during the period. Finally, Invesco Ltd. increased its position in shares of ACM Research by 444.5% during the fourth quarter. Invesco Ltd. now owns 1,342,136 shares of the specialty retailer’s stock valued at $52,947,000 after buying an additional 1,095,634 shares during the period. Institutional investors own 66.75% of the company’s stock.

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.