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

ACM Research, Inc. (NASDAQ:ACMR) has received an average rating of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $38.00.

ACMR has been the subject of several recent research reports. Zacks Research raised shares of ACM Research from a “strong sell” rating to a “hold” rating in a research report on Monday. Roth Capital reissued a “buy” rating and issued a $40.00 target price on shares of ACM Research in a report on Wednesday, November 5th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ACM Research in a research note on Monday, December 29th.

Insider Activity

In other news, insider David H. Wang sold 60,000 shares of the business’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $34.12, for a total value of $2,047,200.00. Following the sale, the insider owned 802,708 shares in the company, valued at approximately $27,388,396.96. The trade was a 6.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Fuping Chen sold 20,000 shares of the stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $33.06, for a total transaction of $661,200.00. Additional details regarding this sale are available in the official SEC disclosure. In 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 Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in ACM Research by 12.8% during the 3rd quarter. Vanguard Group Inc. now owns 4,846,413 shares of the specialty retailer’s stock worth $189,640,000 after acquiring an additional 549,971 shares during the last quarter. LSV Asset Management grew its holdings in shares of ACM Research by 462.9% during the third quarter. LSV Asset Management now owns 2,504,305 shares of the specialty retailer’s stock worth $97,993,000 after purchasing an additional 2,059,405 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of ACM Research by 39.3% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,302,351 shares of the specialty retailer’s stock valued at $59,631,000 after buying an additional 649,116 shares in the last quarter. Triata Capital Ltd increased its stake in shares of ACM Research by 26.0% in the third quarter. Triata Capital Ltd now owns 2,003,225 shares of the specialty retailer’s stock valued at $78,386,000 after buying an additional 413,000 shares in the last quarter. Finally, Federated Hermes Inc. raised its holdings in shares of ACM Research by 32.5% in the second quarter. Federated Hermes Inc. now owns 1,421,688 shares of the specialty retailer’s stock valued at $36,822,000 after buying an additional 348,936 shares during the last quarter. 66.75% of the stock is owned by institutional investors and hedge funds.

ACM Research Stock Up 1.5%

Shares of ACMR stock opened at $47.60 on Friday. ACM Research has a one year low of $14.97 and a one year high of $47.85. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.48 and a quick ratio of 2.48. The stock has a fifty day moving average price of $36.68 and a 200 day moving average price of $33.51. The stock has a market cap of $2.85 billion, a P/E ratio of 27.67 and a beta of 1.46.

ACM Research (NASDAQ:ACMR) last announced its quarterly 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). The business had revenue of $269.16 million during the quarter, compared to the consensus estimate of $251.72 million. ACM Research had a net margin of 13.30% and a return on equity of 7.11%. The company’s quarterly revenue was up 32.0% compared to the same quarter last year. During the same period last year, the firm earned $0.63 EPS. Analysts predict that ACM Research will post 1.17 earnings per share for the current year.

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.