ACM Research (NASDAQ:ACMR) Shares Down 5.5% – Time to Sell?

ACM Research, Inc. (NASDAQ:ACMR)’s stock price was down 5.5% during trading on Monday. The stock traded as low as $79.20 and last traded at $78.7970. 463,368 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 1,377,679 shares. The stock had previously closed at $83.38.

Analyst Upgrades and Downgrades

ACMR has been the subject of a number of recent research reports. Zacks Research upgraded ACM Research from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. Daiwa Securities Group assumed coverage on ACM Research in a research note on Wednesday, August 26th. They issued a “buy” rating and a $136.00 target price for the company. Craig Hallum reaffirmed a “buy” rating and set a $100.00 price target on shares of ACM Research in a research report on Monday, August 10th. Weiss Ratings downgraded ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, September 24th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $130.00 target price (up from $90.00) on shares of ACM Research in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $122.75.

ACM Research Trading Down 1.1%

The company has a 50 day moving average of $76.34 and a 200-day moving average of $74.40. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of 35.88 and a beta of 2.09. 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 (NASDAQ:ACMR) last issued its quarterly earnings results on Friday, August 7th. The specialty retailer reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.19. ACM Research had a net margin of 14.48% and a return on equity of 4.08%. The company had revenue of $292.92 million for the quarter, compared to analyst estimates of $269.28 million. During the same period in the prior year, the firm earned $0.54 earnings per share. The business’s revenue for the quarter was up 36.0% compared to the same quarter last year. On average, research analysts anticipate that ACM Research, Inc. will post 1.68 earnings per share for the current year.

Insider Activity at ACM Research

In other ACM Research news, Director Haiping Dun sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $81.13, for a total value of $405,650.00. Following the completion of the transaction, the director owned 5,000 shares in the company, valued at $405,650. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider David Wang sold 70,000 shares of the stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $74.59, for a total value of $5,221,300.00. Following the completion of the sale, the insider owned 802,708 shares in the company, valued at approximately $59,873,989.72. The trade was a 8.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 24.36% of the company’s stock.

Hedge Funds Weigh In On ACM Research

Institutional investors and hedge funds have recently made changes to their positions in the stock. Congress Asset Management Co. raised its holdings in ACM Research by 23.8% in the third quarter. Congress Asset Management Co. now owns 277,150 shares of the specialty retailer’s stock valued at $22,427,000 after acquiring an additional 53,295 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in ACM Research in the second quarter worth approximately $332,000. Integrated Wealth Concepts LLC purchased a new position in ACM Research in the second quarter worth approximately $346,000. Nykredit A S acquired a new position in ACM Research during the 2nd quarter worth approximately $173,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in ACM Research during the 2nd quarter worth approximately $622,000. 66.75% of the stock is owned by institutional investors and hedge funds.

About ACM Research

ACM Research, Inc (NASDAQ: ACMR) develops, manufactures and sells semiconductor wafer-processing equipment used by integrated device manufacturers, foundries and advanced packaging companies. Its systems are designed to support processes involved in producing semiconductor devices, including wafer cleaning, surface preparation and related fabrication steps.

The company’s product portfolio includes single-wafer cleaning systems, batch wafer-cleaning equipment, wet-processing systems and tools for specialized applications such as wafer bevel cleaning and advanced packaging.