ACM Research (NASDAQ:ACMR) Trading Down 6.1% – What’s Next?

ACM Research, Inc. (NASDAQ:ACMR)’s share price fell 6.1% during mid-day trading on Wednesday . The stock traded as low as $77.79 and last traded at $79.25. 317,990 shares were traded during trading, a decline of 78% from the average session volume of 1,448,391 shares. The stock had previously closed at $84.37.

Analysts Set New Price Targets

ACMR has been the topic of several recent analyst reports. Zacks Research upgraded shares of ACM Research from a “hold” rating to a “strong-buy” rating in a research note on Monday. Roth Capital set a $125.00 target price on ACM Research and gave the stock a “buy” rating in a report on Wednesday, June 17th. Craig Hallum restated a “buy” rating and set a $100.00 price target on shares of ACM Research in a research report on Monday, August 10th. Seaport Research Partners initiated coverage on ACM Research in a report on Monday, May 4th. They set a “buy” rating and a $75.00 price target for the company. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $130.00 price target (up from $90.00) on shares of ACM Research in a report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $118.33.

ACM Research Price Performance

The firm has a market capitalization of $5.03 billion, a price-to-earnings ratio of 37.20 and a beta of 1.96. The company has a quick ratio of 2.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.08. The company’s fifty day moving average is $91.71 and its two-hundred day moving average is $70.06.

ACM Research (NASDAQ:ACMR) last released its earnings results on Friday, August 7th. The specialty retailer reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.19. The firm had revenue of $292.92 million during 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 business’s quarterly revenue was up 36.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.54 EPS. Equities research analysts anticipate that ACM Research, Inc. will post 1.68 earnings per share for the current fiscal year.

Insider Buying and Selling at ACM Research

In related news, insider Sotheara Cheav sold 13,351 shares of the company’s stock in a transaction dated 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. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider David H. Wang sold 60,000 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $90.05, for a total value of $5,403,000.00. Following the completion of the transaction, the insider directly owned 802,708 shares in the company, valued at $72,283,855.40. The trade was a 6.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 118,752 shares of company stock worth $10,421,098 over the last 90 days. 24.36% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On ACM Research

Several institutional investors have recently modified their holdings of the stock. WCM Investment Management LLC increased its position in shares of ACM Research by 16,878.8% in 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 buying an additional 1,849,914 shares in the last quarter. Invesco Ltd. lifted its holdings in ACM Research by 444.5% during the fourth quarter. Invesco Ltd. now owns 1,342,136 shares of the specialty retailer’s stock worth $52,947,000 after acquiring an additional 1,095,634 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in ACM Research by 1,406.4% during the fourth quarter. Janus Henderson Group PLC now owns 1,082,982 shares of the specialty retailer’s stock worth $42,740,000 after acquiring an additional 1,011,088 shares in the last quarter. Morgan Stanley grew its stake in ACM Research by 58.8% in the fourth quarter. Morgan Stanley now owns 1,392,306 shares of the specialty retailer’s stock valued at $54,926,000 after acquiring an additional 515,340 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in ACM Research by 207.6% in the first quarter. Dimensional Fund Advisors LP now owns 719,023 shares of the specialty retailer’s stock valued at $28,286,000 after acquiring an additional 485,282 shares during the period. 66.75% of the stock is currently owned by institutional investors and hedge funds.

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.