ACM Research (NASDAQ:ACMR) Shares Gap Down – Time to Sell?

ACM Research, Inc. (NASDAQ:ACMR)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $38.90, but opened at $30.80. ACM Research shares last traded at $32.2040, with a volume of 1,102,852 shares trading hands.

Analyst Ratings Changes

ACMR has been the topic of a number of recent analyst reports. Roth Capital reiterated a “buy” rating and set a $50.00 target price (up previously from $40.00) on shares of ACM Research in a research report on Monday, September 29th. Weiss Ratings upgraded ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $32.25.

ACM Research Stock Performance

The company has a market cap of $1.88 billion, a PE ratio of 19.31 and a beta of 1.44. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.45 and a quick ratio of 1.49. The stock has a 50 day simple moving average of $36.22 and a two-hundred day simple moving average of $29.18.

ACM Research (NASDAQ:ACMR) last announced its quarterly earnings data on Wednesday, August 6th. The specialty retailer reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.12. ACM Research had a return on equity of 9.57% and a net margin of 13.76%.The firm had revenue of $215.37 million for the quarter, compared to analyst estimates of $223.42 million. During the same quarter in the prior year, the company posted $0.55 earnings per share. ACM Research’s quarterly revenue was up 6.4% on a year-over-year basis. Equities analysts predict that ACM Research, Inc. will post 1.17 EPS for the current year.

Insiders Place Their Bets

In other ACM Research news, insider Sotheara Cheav sold 10,000 shares of ACM Research stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $35.00, for a total transaction of $350,000.00. Following the sale, the insider owned 100,002 shares of the company’s stock, valued at $3,500,070. The trade was a 9.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jian Wang sold 30,000 shares of the business’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $35.00, for a total value of $1,050,000.00. Following the completion of the sale, the insider directly owned 253,158 shares in the company, valued at $8,860,530. This represents a 10.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 256,152 shares of company stock valued at $7,549,160 over the last 90 days. 25.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. SBI Securities Co. Ltd. lifted its position in shares of ACM Research by 78.9% in the third quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock worth $33,000 after buying an additional 367 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of ACM Research by 206.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock worth $29,000 after buying an additional 515 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of ACM Research by 396.3% in the 3rd quarter. Principal Financial Group Inc. now owns 336,993 shares of the specialty retailer’s stock worth $13,187,000 after buying an additional 269,094 shares in the last quarter. Thrivent Financial for Lutherans bought a new stake in ACM Research during the 3rd quarter worth approximately $1,486,000. Finally, Arizona State Retirement System grew its position in ACM Research by 2.5% during the 3rd quarter. Arizona State Retirement System now owns 15,649 shares of the specialty retailer’s stock worth $612,000 after acquiring an additional 386 shares during the last quarter. Hedge funds and other 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.