ACM Research (NASDAQ:ACMR) Announces Earnings Results

ACM Research (NASDAQ:ACMR – Get Rating) posted its quarterly earnings results on Friday. The specialty retailer reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.10, MarketWatch Earnings reports. ACM Research had a return on equity of 9.91% and a net margin of 14.54%. The company had revenue of $42.20 million for the quarter, compared to analysts’ expectations of $49.25 million. During the same period last year, the firm earned $0.10 earnings per share. ACM Research’s quarterly revenue was down 3.4% on a year-over-year basis.

ACMR opened at $14.89 on Friday. The business’s 50-day simple moving average is $19.53 and its 200-day simple moving average is $25.48. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.57 and a current ratio of 4.63. ACM Research has a one year low of $14.07 and a one year high of $39.71. The stock has a market capitalization of $804.51 million, a P/E ratio of 26.12 and a beta of 0.77.

In related news, Director Haiping Dun sold 12,269 shares of the firm’s stock in a transaction dated Wednesday, March 9th. The stock was sold at an average price of $82.09, for a total transaction of $1,007,162.21. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Mark Mckechnie sold 5,000 shares of ACM Research stock in a transaction that occurred on Thursday, March 10th. The shares were sold at an average price of $64.20, for a total value of $321,000.00. The disclosure for this sale can be found here. 46.02% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Advisor Group Holdings Inc. boosted its holdings in ACM Research by 166.4% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,500 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 937 shares in the last quarter. Bank of America Corp DE boosted its holdings in ACM Research by 28.1% in the 2nd quarter. Bank of America Corp DE now owns 1,888 shares of the specialty retailer’s stock valued at $193,000 after purchasing an additional 414 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in ACM Research by 761.6% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 1,887 shares of the specialty retailer’s stock valued at $208,000 after purchasing an additional 1,668 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in ACM Research by 10.8% in the 4th quarter. JPMorgan Chase & Co. now owns 3,195 shares of the specialty retailer’s stock valued at $272,000 after purchasing an additional 312 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in ACM Research in the 4th quarter valued at approximately $290,000. 19.88% of the stock is currently owned by institutional investors.

A number of analysts have weighed in on the company. Zacks Investment Research cut ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 8th. Roth Capital cut their price target on ACM Research from $40.00 to $33.33 in a research note on Thursday, March 10th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $38.40.

ACM Research Company Profile (Get Rating)

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.

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