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

ACM Research, Inc. (NASDAQ:ACMR)’s share price gapped down before the market opened on Thursday. The stock had previously closed at $61.12, but opened at $57.32. ACM Research shares last traded at $55.7370, with a volume of 379,416 shares.

Analyst Ratings Changes

Several brokerages have recently weighed in on ACMR. Craig Hallum reissued a “buy” rating and issued a $100.00 price objective on shares of ACM Research in a research report on Monday, August 10th. Morgan Stanley restated an “overweight” rating and issued a $130.00 price target (up from $90.00) on shares of ACM Research in a research note on Tuesday, June 23rd. 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. Zacks Research downgraded shares of ACM Research from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Finally, Daiwa Securities Group began coverage on ACM Research in a research report on Wednesday, August 26th. They set a “buy” rating and a $136.00 price target on the stock. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, ACM Research presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.75.

ACM Research Price 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 $3.64 billion, a P/E ratio of 26.86 and a beta of 2.09. The company’s 50 day moving average price is $75.25 and its 200-day moving average price is $75.39.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings results on Friday, August 7th. The specialty retailer reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.19. ACM Research had a return on equity of 4.08% and a net margin of 14.48%. The company had revenue of $292.92 million during the quarter, compared to analysts’ expectations of $269.28 million. During the same quarter in the prior year, the firm posted $0.54 earnings per share. The business’s quarterly revenue was up 36.0% on a year-over-year basis. As a group, sell-side analysts expect 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, insider David Wang sold 70,000 shares of the stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $74.59, for a total transaction of $5,221,300.00. Following the transaction, the insider directly owned 802,708 shares in the company, valued at approximately $59,873,989.72. This represents a 8.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Haiping Dun sold 5,000 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $81.13, for a total transaction of $405,650.00. Following the completion of the sale, the director owned 5,000 shares of the company’s stock, valued at $405,650. The trade was a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 24.36% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ACMR. Contravisory Investment Management Inc. raised its position in ACM Research by 2.3% in the 2nd quarter. Contravisory Investment Management Inc. now owns 5,216 shares of the specialty retailer’s stock valued at $662,000 after buying an additional 115 shares during the last quarter. GAMMA Investing LLC grew its position in ACM Research by 14.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,440 shares of the specialty retailer’s stock worth $183,000 after purchasing an additional 182 shares in the last quarter. ProCore Advisors LLC increased its stake in ACM Research by 6.0% in the 3rd quarter. ProCore Advisors LLC now owns 4,461 shares of the specialty retailer’s stock valued at $361,000 after buying an additional 251 shares during the last quarter. First Growth Capital LLC increased its position in shares of ACM Research by 5.4% during the first quarter. First Growth Capital LLC now owns 5,598 shares of the specialty retailer’s stock valued at $226,000 after acquiring an additional 285 shares during the last quarter. Finally, Harbor Investment Advisory LLC boosted its position in ACM Research by 195.2% in the second quarter. Harbor Investment Advisory LLC now owns 738 shares of the specialty retailer’s stock worth $94,000 after purchasing an additional 488 shares during the last quarter. Hedge funds and other institutional investors own 66.75% of the company’s stock.

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.