Q3 2024 EPS Estimates for ACM Research, Inc. (NASDAQ:ACMR) Lifted by Roth Capital

ACM Research, Inc. (NASDAQ:ACMR) – Analysts at Roth Capital increased their Q3 2024 earnings per share (EPS) estimates for ACM Research in a report released on Friday, April 26th. Roth Capital analyst S. Desilva now forecasts that the specialty retailer will earn $0.37 per share for the quarter, up from their prior forecast of $0.34. The consensus estimate for ACM Research’s current full-year earnings is $1.22 per share. Roth Capital also issued estimates for ACM Research’s Q1 2025 earnings at $0.26 EPS, Q3 2025 earnings at $0.53 EPS and Q4 2025 earnings at $0.70 EPS.

ACM Research (NASDAQ:ACMR) last announced its quarterly earnings data on Wednesday, February 28th. The specialty retailer reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.27. ACM Research had a return on equity of 9.23% and a net margin of 13.87%. The firm had revenue of $170.30 million for the quarter, compared to analyst estimates of $149.54 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. ACM Research’s quarterly revenue was up 57.0% on a year-over-year basis.

A number of other research analysts have also weighed in on the company. The Goldman Sachs Group raised ACM Research from a “neutral” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Thursday, February 29th. Benchmark upped their price objective on ACM Research from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Roth Mkm upped their target price on ACM Research from $20.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Finally, Needham & Company LLC upped their target price on ACM Research from $24.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, ACM Research presently has a consensus rating of “Buy” and a consensus price target of $31.88.

ACM Research Trading Down 4.4 %

Shares of ACMR stock opened at $27.04 on Monday. The business’s fifty day moving average price is $28.01 and its 200 day moving average price is $21.50. ACM Research has a 1-year low of $8.75 and a 1-year high of $34.40. The firm has a market capitalization of $1.52 billion, a PE ratio of 23.11 and a beta of 1.39. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.35 and a quick ratio of 1.26.

Institutional Trading of ACM Research

Institutional investors and hedge funds have recently made changes to their positions in the stock. Spire Wealth Management purchased a new stake in shares of ACM Research in the third quarter valued at $27,000. Federated Hermes Inc. purchased a new stake in shares of ACM Research in the third quarter valued at $46,000. Headlands Technologies LLC purchased a new stake in shares of ACM Research in the fourth quarter valued at $66,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of ACM Research in the third quarter valued at $68,000. Finally, Transcendent Capital Group LLC purchased a new stake in shares of ACM Research in the fourth quarter valued at $145,000. 66.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at ACM Research

In other ACM Research news, insider Sotheara Cheav sold 5,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $29.09, for a total value of $145,450.00. Following the sale, the insider now owns 105,002 shares of the company’s stock, valued at $3,054,508.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Sotheara Cheav sold 5,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $29.09, for a total value of $145,450.00. Following the sale, the insider now directly owns 105,002 shares in the company, valued at $3,054,508.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tracy Liu sold 12,500 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $25.20, for a total value of $315,000.00. Following the completion of the sale, the director now owns 110,772 shares in the company, valued at $2,791,454.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 149,434 shares of company stock valued at $4,375,572. Insiders own 33.63% of the company’s stock.

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.