ACM Research, Inc. (NASDAQ:ACMR) Stock Has Consensus Target Price of $122.75

Shares of ACM Research, Inc. (NASDAQ:ACMR – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $122.75.

Several research firms have recently issued reports on ACMR. Zacks Research cut shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Craig Hallum reissued a “buy” rating and issued a $100.00 target price on shares of ACM Research in a report on Monday, August 10th. Weiss Ratings cut ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Finally, Daiwa Securities Group assumed coverage on ACM Research in a report on Wednesday, August 26th. They set a “buy” rating and a $136.00 price target for the company.

Get Our Latest Report on ACMR

ACM Research Price Performance

Shares of NASDAQ:ACMR opened at $50.55 on Monday. The firm’s 50 day moving average price is $71.48 and its 200 day moving average price is $76.07. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 24.07 and a beta of 2.09. ACM Research has a fifty-two week low of $28.46 and a fifty-two week high of $127.19. The company has a quick ratio of 2.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.08.

ACM Research (NASDAQ:ACMR – Get Free Report) last posted its quarterly earnings results on Friday, August 7th. The specialty retailer reported $0.61 EPS for the quarter, topping 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 company had revenue of $292.92 million during the quarter, compared to analysts’ expectations of $269.28 million. During the same quarter in the previous year, the business posted $0.54 EPS. The firm’s revenue was up 36.0% on a year-over-year basis. As a group, equities research analysts predict that ACM Research will post 1.68 earnings per share for the current fiscal year.

Insider Transactions at ACM Research

In other news, Director Haiping Dun sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $81.13, for a total transaction of $405,650.00. Following the sale, the director owned 5,000 shares of the company’s stock, valued at approximately $405,650. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David H. Wang sold 70,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $74.59, for a total value of $5,221,300.00. Following the sale, the insider owned 802,708 shares of the company’s stock, valued at approximately $59,873,989.72. The trade was a 8.02% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 24.36% of the company’s stock.

Hedge Funds Weigh In On ACM Research

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC raised its holdings in ACM Research by 407.8% during the third quarter. Signaturefd LLC now owns 523 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 420 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of ACM Research by 381.0% during the 1st quarter. NewEdge Advisors LLC now owns 1,087 shares of the specialty retailer’s stock worth $43,000 after buying an additional 861 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of ACM Research in the 1st quarter valued at $80,000. Harbor Investment Advisory LLC boosted its holdings in shares of ACM Research by 195.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 738 shares of the specialty retailer’s stock valued at $94,000 after buying an additional 488 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of ACM Research by 19.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,713 shares of the specialty retailer’s stock valued at $139,000 after buying an additional 273 shares in the last quarter. 66.75% of the stock is owned by institutional investors and hedge funds.

ACM Research Company Profile

(Get Free Report)

ACM Research, Inc (NASDAQ: ACMR) develops and manufactures equipment used in semiconductor wafer processing. Its systems are designed to support the fabrication of integrated circuits and other electronic components, with a primary focus on cleaning and other process steps performed during semiconductor manufacturing.

The company’s product portfolio includes single-wafer cleaning systems, wet-cleaning equipment, electrochemical plating systems, and other wafer-processing tools. These products are used by semiconductor manufacturers and foundries in applications involving advanced logic, memory, and specialty devices.

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Analyst Recommendations for ACM Research (NASDAQ:ACMR)

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