ACM Research, Inc. (NASDAQ:ACMR) Given Average Rating of “Moderate Buy” by Analysts

Shares of ACM Research, Inc. (NASDAQ:ACMR) have been given an average rating of “Moderate Buy” by the five ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $118.3333.

ACMR has been the subject of several analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of ACM Research in a report on Tuesday, July 21st. 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. Seaport Research Partners started coverage on ACM Research in a research note on Monday, May 4th. They set a “buy” rating and a $75.00 price objective for the company. Craig Hallum restated a “buy” rating and issued a $100.00 target price on shares of ACM Research in a report on Monday. Finally, Zacks Research downgraded shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th.

ACM Research Trading Up 0.6%

Shares of ACMR opened at $79.92 on Wednesday. The firm has a market cap of $5.17 billion, a price-to-earnings ratio of 38.06 and a beta of 1.96. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.66 and a current ratio of 3.66. ACM Research has a fifty-two week low of $24.10 and a fifty-two week high of $127.19. The firm has a 50 day moving average price of $91.79 and a 200-day moving average price of $69.00.

ACM Research (NASDAQ:ACMR) last released its earnings results on Friday, August 7th. The specialty retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.42 by $0.19. The company had revenue of $292.92 million for the quarter, compared to analyst estimates of $269.28 million. ACM Research had a net margin of 14.48% and a return on equity of 4.08%. The firm’s quarterly revenue was up 36.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 EPS. As a group, equities research analysts forecast that ACM Research will post 1.02 earnings per share for the current year.

Insider Buying and Selling at ACM Research

In other ACM Research news, insider David H. Wang sold 40,002 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $85.80, for a total value of $3,432,171.60. Following the sale, the insider owned 802,708 shares of the company’s stock, valued at $68,872,346.40. This trade represents a 4.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Haiping Dun sold 5,000 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $66.22, for a total transaction of $331,100.00. Following the transaction, the director directly owned 5,000 shares of the company’s stock, valued at approximately $331,100. This trade represents a 50.00% 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 quarter. Company insiders own 24.36% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ACMR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of ACM Research by 10.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,061 shares of the specialty retailer’s stock worth $748,000 after buying an additional 3,065 shares during the last quarter. Caxton Associates LLP bought a new position in shares of ACM Research during the first quarter valued at approximately $250,000. Strs Ohio bought a new position in shares of ACM Research during the first quarter valued at approximately $133,000. Creative Planning purchased a new stake in ACM Research in the second quarter worth $212,000. Finally, Norges Bank purchased a new stake in ACM Research in the second quarter worth $739,000. Institutional investors own 66.75% of the company’s stock.

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.