ACM Research (NASDAQ:ACMR) Trading 7.7% Higher – What’s Next?

ACM Research, Inc. (NASDAQ:ACMR)’s share price was up 7.7% during trading on Thursday . The stock traded as high as $22.40 and last traded at $22.45. Approximately 1,300,527 shares were traded during mid-day trading, a decline of 4% from the average daily volume of 1,352,610 shares. The stock had previously closed at $20.85.

Analyst Ratings Changes

ACMR has been the subject of several analyst reports. Needham & Company LLC downgraded ACM Research from a “buy” rating to a “hold” rating and set a $25.00 price target for the company. in a report on Wednesday, December 4th. Craig Hallum cut shares of ACM Research from a “buy” rating to a “hold” rating and decreased their target price for the stock from $30.00 to $18.00 in a report on Thursday, December 5th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.00.

ACM Research Price Performance

The firm has a 50-day moving average of $16.72 and a 200 day moving average of $17.98. The company has a market capitalization of $1.31 billion, a PE ratio of 17.24 and a beta of 1.58. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34.

ACM Research (NASDAQ:ACMR) last announced its earnings results on Thursday, November 7th. The specialty retailer reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.35. The business had revenue of $204.00 million during the quarter, compared to analyst estimates of $191.18 million. ACM Research had a net margin of 12.38% and a return on equity of 9.07%. The company’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.41 EPS. As a group, research analysts anticipate that ACM Research, Inc. will post 1.17 earnings per share for the current fiscal year.

Insider Activity at ACM Research

In other ACM Research news, insider David H. Wang sold 56,250 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $19.08, for a total value of $1,073,250.00. Following the transaction, the insider now directly owns 710,506 shares in the company, valued at approximately $13,556,454.48. This trade represents a 7.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Haiping Dun sold 15,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $19.12, for a total transaction of $286,800.00. Following the sale, the director now directly owns 774,148 shares of the company’s stock, valued at approximately $14,801,709.76. The trade was a 1.90 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 127,500 shares of company stock worth $2,366,363. 31.24% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Panview Capital Ltd bought a new stake in ACM Research during the 4th quarter worth approximately $20,758,000. Geode Capital Management LLC raised its position in shares of ACM Research by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,180,741 shares of the specialty retailer’s stock valued at $23,973,000 after purchasing an additional 26,620 shares during the period. Portolan Capital Management LLC lifted its stake in shares of ACM Research by 7.7% during the 3rd quarter. Portolan Capital Management LLC now owns 921,451 shares of the specialty retailer’s stock valued at $18,705,000 after buying an additional 65,616 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in ACM Research by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 408,683 shares of the specialty retailer’s stock worth $6,171,000 after buying an additional 2,825 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in ACM Research in the 4th quarter worth $5,782,000. 66.75% of the stock is owned by hedge funds and other institutional investors.

About ACM Research

ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.