ACM Research (NASDAQ:ACMR) Shares Up 7% – Here’s Why

ACM Research, Inc. (NASDAQ:ACMR)’s share price was up 7% during trading on Friday . The stock traded as high as $73.99 and last traded at $74.2950. Approximately 306,201 shares were traded during trading, a decline of 78% from the average session volume of 1,403,807 shares. The stock had previously closed at $69.42.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Wall Street Zen raised shares of ACM Research from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Roth Capital set a $125.00 price target on shares of ACM Research and gave the company a “buy” rating in a report on Wednesday, June 17th. Craig Hallum reiterated a “buy” rating and set a $100.00 price target on shares of ACM Research in a research note on Monday, August 10th. Zacks Research upgraded ACM Research from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Finally, Weiss Ratings raised shares of ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to data from MarketBeat.com, ACM Research has an average rating of “Buy” and a consensus price target of $122.75.

ACM Research Stock Performance

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 stock has a market cap of $4.80 billion, a price-to-earnings ratio of 35.34 and a beta of 1.96. The company has a 50 day simple moving average of $86.31 and a 200 day simple moving average of $71.30.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings results on Friday, August 7th. The specialty retailer reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.19. ACM Research had a return on equity of 4.08% and a net margin of 14.48%.The firm had revenue of $292.92 million for the quarter, compared to analyst estimates of $269.28 million. During the same quarter in the previous year, the company posted $0.54 EPS. The business’s revenue was up 36.0% on a year-over-year basis. As a group, equities research analysts forecast that ACM Research, Inc. will post 1.68 EPS for the current year.

Insider Buying and Selling

In related news, Director Haiping Dun sold 5,000 shares of the company’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 directly owned 5,000 shares in the company, valued at approximately $405,650. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 24.36% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC boosted its position in shares of ACM Research by 90.1% in the 4th quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 308 shares in the last quarter. Hantz Financial Services Inc. boosted its position in shares of ACM Research by 266.7% during the fourth quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 480 shares during the last quarter. Leonteq Securities AG purchased a new stake in ACM Research during the fourth quarter valued at $28,000. EverSource Wealth Advisors LLC raised its stake in shares of ACM Research by 656.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 1,122 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in shares of ACM Research by 381.0% in the first quarter. NewEdge Advisors LLC now owns 1,087 shares of the specialty retailer’s stock valued at $43,000 after acquiring an additional 861 shares in the last quarter. Institutional investors own 66.75% of the company’s stock.

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.