ACM Research (NASDAQ:ACMR) Shares Down 8% – What’s Next?

Shares of ACM Research, Inc. (NASDAQ:ACMR) traded down 8% during mid-day trading on Monday . The company traded as low as $78.56 and last traded at $77.5620. Approximately 153,017 shares were traded during mid-day trading, a decline of 90% from the average session volume of 1,488,948 shares. The stock had previously closed at $84.32.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Morgan Stanley reissued an “overweight” rating and set a $130.00 price target (up from $90.00) on shares of ACM Research in a research report on Tuesday, June 23rd. Seaport Research Partners initiated coverage on ACM Research in a report on Monday, May 4th. They set a “buy” rating and a $75.00 target price on the stock. Wall Street Zen upgraded ACM Research from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ACM Research in a report on Tuesday, July 21st. Finally, Zacks Research cut shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $127.50.

ACM Research Stock Performance

The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 58.71 and a beta of 1.90. The company has a fifty day moving average of $92.00 and a two-hundred day moving average of $66.74. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.52 and a current ratio of 3.51.

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

Insider Buying and Selling

In related news, insider David H. Wang sold 60,000 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $90.05, for a total transaction of $5,403,000.00. Following the transaction, the insider directly owned 802,708 shares of the company’s stock, valued at approximately $72,283,855.40. This trade represents a 6.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Haiping Dun sold 5,000 shares of ACM Research stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $66.22, for a total transaction of $331,100.00. Following the completion of the sale, the director owned 5,000 shares of the company’s stock, valued at $331,100. This trade represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 123,752 shares of company stock valued at $10,752,198. 24.36% of the stock is owned by company insiders.

Institutional Investors Weigh In On ACM Research

Several institutional investors have recently made changes to their positions in the stock. Jefferies Financial Group Inc. bought a new stake in shares of ACM Research during the 4th quarter valued at $1,054,000. Thompson Siegel & Walmsley LLC raised its stake in ACM Research by 71.8% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 188,500 shares of the specialty retailer’s stock valued at $7,436,000 after purchasing an additional 78,800 shares in the last quarter. Vanguard Group Inc. raised its stake in ACM Research by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 4,972,103 shares of the specialty retailer’s stock valued at $196,149,000 after purchasing an additional 125,690 shares in the last quarter. Penn Capital Management Company LLC bought a new stake in ACM Research during the fourth quarter worth about $17,212,000. Finally, Yong Rong HK Asset Management Ltd acquired a new stake in ACM Research during the fourth quarter worth about $2,367,000. 66.75% of the stock is currently owned by institutional investors.

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.