ACM Research, Inc. (NASDAQ:ACMR) Receives $127.50 Consensus PT from Brokerages

ACM Research, Inc. (NASDAQ:ACMR) has received a consensus rating of “Moderate Buy” from the four research firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $127.50.

ACMR has been the topic of a number of analyst reports. Morgan Stanley reiterated 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. Wall Street Zen upgraded shares of ACM Research from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings raised shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Roth Capital set a $125.00 target price on shares of ACM Research and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Finally, Seaport Research Partners assumed coverage on shares of ACM Research in a report on Monday, May 4th. They set a “buy” rating and a $75.00 price target on the stock.

Insider Buying and Selling

In related news, insider David H. Wang sold 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $90.05, for a total value of $5,403,000.00. Following the transaction, the insider directly owned 802,708 shares of the company’s stock, valued at approximately $72,283,855.40. This represents a 6.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Haiping Dun sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $66.22, for a total value of $331,100.00. Following the completion of the transaction, the director directly owned 5,000 shares in the company, valued at $331,100. This trade represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 123,752 shares of company stock worth $10,752,198 in the last three months. Insiders own 24.36% of the company’s stock.

Hedge Funds Weigh In On ACM Research

Institutional investors and hedge funds have recently modified their holdings of the company. Handelsbanken Fonder AB grew its holdings in shares of ACM Research by 31.4% in the second quarter. Handelsbanken Fonder AB now owns 20,900 shares of the specialty retailer’s stock worth $2,652,000 after acquiring an additional 5,000 shares during the period. Key Client Fiduciary Advisors LLC bought a new position in ACM Research in the second quarter valued at about $252,000. Contravisory Investment Management Inc. lifted its holdings in ACM Research by 2.3% in the second quarter. Contravisory Investment Management Inc. now owns 5,216 shares of the specialty retailer’s stock valued at $662,000 after acquiring an additional 115 shares during the period. FNY Investment Advisers LLC purchased a new position in ACM Research in the second quarter worth about $888,000. Finally, GAMMA Investing LLC boosted its position in ACM Research by 14.5% in the second quarter. GAMMA Investing LLC now owns 1,440 shares of the specialty retailer’s stock worth $183,000 after purchasing an additional 182 shares during the last quarter. 66.75% of the stock is currently owned by hedge funds and other institutional investors.

ACM Research Price Performance

Shares of NASDAQ ACMR opened at $82.52 on Friday. ACM Research has a fifty-two week low of $23.03 and a fifty-two week high of $127.19. The company has a 50 day simple moving average of $89.95 and a two-hundred day simple moving average of $65.41. The company has a market capitalization of $5.05 billion, a price-to-earnings ratio of 62.99 and a beta of 1.90. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.52 and a current ratio of 3.51.

ACM Research (NASDAQ:ACMR) last released its earnings results on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.08. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. The firm had revenue of $231.26 million during the quarter, compared to analyst estimates of $215.69 million. During the same period last year, the business earned $0.46 earnings per share. The business’s revenue was up 34.2% on a year-over-year basis. Analysts expect that ACM Research will post 1.02 EPS for the current fiscal 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.