ACM Research, Inc. (NASDAQ:ACMR) Receives $118.33 Average PT from Analysts

Shares of ACM Research, Inc. (NASDAQ:ACMRGet Free Report) have received a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $118.3333.

Several brokerages have recently weighed in on ACMR. Seaport Research Partners started coverage on shares of ACM Research in a research report on Monday, May 4th. They set a “buy” rating and a $75.00 target price on the stock. Roth Capital set a $125.00 price target on shares of ACM Research and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Weiss Ratings raised ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Zacks Research downgraded ACM Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Craig Hallum reiterated a “buy” rating and issued a $100.00 price objective on shares of ACM Research in a research note on Monday, August 10th.

Check Out Our Latest Research Report on ACMR

ACM Research Stock Down 1.5%

Shares of ACMR stock opened at $84.37 on Wednesday. The stock has a market cap of $5.46 billion, a P/E ratio of 40.18 and a beta of 1.96. ACM Research has a one year low of $24.14 and a one year high of $127.19. The stock has a fifty day moving average price of $91.71 and a 200 day moving average price of $70.06. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.66 and a quick ratio of 2.66.

ACM Research (NASDAQ:ACMRGet Free Report) last announced its quarterly earnings results on Friday, August 7th. The specialty retailer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.19. ACM Research had a net margin of 14.48% and a return on equity of 4.08%. The firm had revenue of $292.92 million for the quarter, compared to analyst estimates of $269.28 million. During the same quarter in the previous year, the firm posted $0.54 EPS. The business’s revenue for the quarter was up 36.0% on a year-over-year basis. Analysts predict that ACM Research will post 1.68 earnings per share for the current year.

Insider Buying and Selling at ACM Research

In other ACM Research news, insider David H. Wang sold 40,002 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $85.80, for a total value of $3,432,171.60. Following the sale, the insider directly owned 802,708 shares in the company, valued at $68,872,346.40. This represents a 4.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Sotheara Cheav sold 5,399 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $83.18, for a total value of $449,088.82. Following the transaction, the insider owned 100,002 shares of the company’s stock, valued at $8,318,166.36. This represents a 5.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 118,752 shares of company stock worth $10,421,098. 24.36% of the stock is owned by insiders.

Institutional Investors Weigh In On ACM Research

Hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its position in ACM Research by 90.1% in the fourth quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 308 shares in the last quarter. Hantz Financial Services Inc. grew its stake in ACM Research by 266.7% during the fourth quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock worth $26,000 after buying an additional 480 shares during the last quarter. Leonteq Securities AG acquired a new stake in shares of ACM Research during the fourth quarter worth approximately $28,000. EverSource Wealth Advisors LLC increased its holdings in shares of ACM Research by 656.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock worth $33,000 after buying an additional 1,122 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of ACM Research by 381.0% in the first quarter. NewEdge Advisors LLC now owns 1,087 shares of the specialty retailer’s stock valued at $43,000 after acquiring an additional 861 shares during the last quarter. Institutional investors and hedge funds own 66.75% of the company’s stock.

ACM Research Company Profile

(Get Free Report)

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.

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Analyst Recommendations for ACM Research (NASDAQ:ACMR)

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