ACM Research, Inc. (NASDAQ:ACMR – Get Free Report) was up 8.1% on Tuesday . The stock traded as high as $88.99 and last traded at $87.06. Approximately 183,350 shares were traded during trading, a decline of 88% from the average daily volume of 1,470,970 shares. The stock had previously closed at $80.57.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on ACMR shares. Seaport Research Partners assumed coverage on ACM Research in a report on Monday, May 4th. They set a “buy” rating and a $75.00 target price on the stock. 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 upgraded shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Zacks Research cut shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Roth Mkm restated a “buy” rating and issued a $100.00 price objective on shares of ACM Research in a research note on Monday, June 1st. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, ACM Research has a consensus rating of “Hold” and an average target price of $100.00.
Read Our Latest Report on ACMR
ACM Research Price Performance
ACM Research (NASDAQ:ACMR – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. The business had revenue of $231.26 million during the quarter, compared to analysts’ expectations of $215.69 million. During the same period in the previous year, the company earned $0.46 earnings per share. ACM Research’s revenue for the quarter was up 34.2% on a year-over-year basis. On average, equities research analysts anticipate that ACM Research, Inc. will post 1.02 EPS for the current year.
Insider Activity at ACM Research
In related news, insider David H. Wang sold 60,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $90.05, for a total transaction of $5,403,000.00. Following the completion of the transaction, the insider directly owned 802,708 shares in the company, valued at $72,283,855.40. This represents a 6.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Haiping Dun sold 5,000 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $66.22, for a total transaction of $331,100.00. Following the transaction, the director owned 5,000 shares of the company’s stock, valued at approximately $331,100. The trade was a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 128,752 shares of company stock valued at $11,012,198 in the last 90 days. 24.36% of the stock is owned by company insiders.
Hedge Funds Weigh In On ACM Research
Large investors have recently bought and sold shares of the stock. Principal Financial Group Inc. raised its stake in ACM Research by 396.3% during the 3rd quarter. Principal Financial Group Inc. now owns 336,993 shares of the specialty retailer’s stock valued at $13,187,000 after purchasing an additional 269,094 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in ACM Research during the 4th quarter valued at $1,054,000. Vanguard Group Inc. raised its stake in ACM Research by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 4,972,103 shares of the specialty retailer’s stock valued at $196,149,000 after purchasing an additional 125,690 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its holdings in ACM Research by 71.8% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 188,500 shares of the specialty retailer’s stock valued at $7,436,000 after buying an additional 78,800 shares during the period. Finally, Public Sector Pension Investment Board bought a new stake in ACM Research in the 3rd quarter valued at $8,026,000. 66.75% of the stock is currently owned by institutional investors and hedge funds.
ACM Research Company Profile
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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