ACM Research (NASDAQ:ACMR) Trading Up 6.7%

Shares of ACM Research, Inc. (NASDAQ:ACMR) traded up 6.7% on Tuesday . The stock traded as high as $27.49 and last traded at $27.48. 413,880 shares changed hands during trading, a decline of 75% from the average session volume of 1,650,559 shares. The stock had previously closed at $25.75.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ACMR shares. Benchmark increased their target price on ACM Research from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Roth Mkm lifted their price objective on shares of ACM Research from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. The Goldman Sachs Group upgraded shares of ACM Research from a “neutral” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Thursday, February 29th. Finally, Needham & Company LLC raised their price target on shares of ACM Research from $24.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, ACM Research has a consensus rating of “Buy” and a consensus target price of $31.88.

ACM Research Stock Up 0.5 %

The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 24.06 and a beta of 1.39. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.26 and a current ratio of 2.35. The business’s 50-day moving average is $27.69 and its 200-day moving average is $21.37.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings results on Wednesday, February 28th. The specialty retailer reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.27. ACM Research had a net margin of 13.87% and a return on equity of 9.23%. The business had revenue of $170.30 million during the quarter, compared to analyst estimates of $149.54 million. During the same quarter last year, the business posted $0.15 earnings per share. ACM Research’s revenue for the quarter was up 57.0% compared to the same quarter last year. On average, equities analysts predict that ACM Research, Inc. will post 1.22 EPS for the current year.

Insider Buying and Selling at ACM Research

In other ACM Research news, Director Haiping Dun sold 15,000 shares of ACM Research stock in a transaction on Friday, March 8th. The shares were sold at an average price of $30.36, for a total transaction of $455,400.00. Following the completion of the sale, the director now owns 874,524 shares of the company’s stock, valued at approximately $26,550,548.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Sotheara Cheav sold 5,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $29.09, for a total value of $145,450.00. Following the completion of the sale, the insider now directly owns 105,002 shares of the company’s stock, valued at approximately $3,054,508.18. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Haiping Dun sold 15,000 shares of ACM Research stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $30.36, for a total transaction of $455,400.00. Following the transaction, the director now directly owns 874,524 shares in the company, valued at approximately $26,550,548.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 149,434 shares of company stock worth $4,375,572. Company insiders own 33.63% of the company’s stock.

Institutional Investors Weigh In On ACM Research

Several large investors have recently bought and sold shares of the company. Spire Wealth Management bought a new position in shares of ACM Research during the 3rd quarter valued at about $27,000. Federated Hermes Inc. acquired a new stake in shares of ACM Research during the third quarter worth $46,000. Headlands Technologies LLC bought a new stake in ACM Research in the 4th quarter valued at $66,000. DekaBank Deutsche Girozentrale acquired a new position in ACM Research in the 3rd quarter worth $68,000. Finally, Transcendent Capital Group LLC bought a new position in ACM Research during the 4th quarter worth about $145,000. Institutional investors own 66.75% 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.