ACM Research, Inc. (NASDAQ:ACMR) Receives $38.00 Consensus PT from Brokerages

ACM Research, Inc. (NASDAQ:ACMR) has received an average rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $38.00.

A number of analysts recently commented on ACMR shares. Zacks Research raised ACM Research from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Weiss Ratings raised ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Finally, Roth Mkm reaffirmed a “buy” rating and set a $40.00 target price on shares of ACM Research in a research report on Wednesday, November 5th.

Insider Buying and Selling at ACM Research

In other news, insider Fuping Chen sold 100,000 shares of ACM Research stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $33.20, for a total transaction of $3,320,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Lisa Feng sold 15,000 shares of the company’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $33.77, for a total transaction of $506,550.00. Following the completion of the sale, the insider owned 50,001 shares in the company, valued at $1,688,533.77. This represents a 23.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 265,000 shares of company stock valued at $8,849,150. Corporate insiders own 25.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ACMR. Vanguard Group Inc. boosted its holdings in ACM Research by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 4,972,103 shares of the specialty retailer’s stock worth $196,149,000 after acquiring an additional 125,690 shares during the last quarter. LSV Asset Management lifted its position in shares of ACM Research by 462.9% during the third quarter. LSV Asset Management now owns 2,504,305 shares of the specialty retailer’s stock valued at $97,993,000 after purchasing an additional 2,059,405 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in ACM Research by 39.3% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,302,351 shares of the specialty retailer’s stock worth $59,631,000 after purchasing an additional 649,116 shares during the last quarter. Triata Capital Ltd grew its position in ACM Research by 26.0% in the 3rd quarter. Triata Capital Ltd now owns 2,003,225 shares of the specialty retailer’s stock worth $78,386,000 after purchasing an additional 413,000 shares in the last quarter. Finally, Federated Hermes Inc. increased its stake in ACM Research by 32.5% in the 2nd quarter. Federated Hermes Inc. now owns 1,421,688 shares of the specialty retailer’s stock valued at $36,822,000 after buying an additional 348,936 shares during the last quarter. Hedge funds and other institutional investors own 66.75% of the company’s stock.

ACM Research Stock Performance

Shares of ACMR stock opened at $58.12 on Wednesday. The firm has a 50 day moving average of $43.15 and a 200-day moving average of $36.47. The company has a market cap of $3.48 billion, a price-to-earnings ratio of 33.79 and a beta of 1.46. The company has a quick ratio of 2.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.10. ACM Research has a 52 week low of $16.82 and a 52 week high of $58.18.

ACM Research (NASDAQ:ACMR) last released its earnings results on Wednesday, November 5th. The specialty retailer reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.11). ACM Research had a net margin of 13.30% and a return on equity of 7.11%. The company had revenue of $269.16 million for the quarter, compared to analyst estimates of $251.72 million. During the same quarter in the previous year, the firm earned $0.63 EPS. The firm’s revenue was up 32.0% on a year-over-year basis. On average, equities analysts forecast that ACM Research will post 1.17 earnings per share for the current year.

About ACM Research

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.