ACM Research, Inc. (NASDAQ:ACMR – Get Free Report) shares were up 8.5% on Monday . The stock traded as high as $105.03 and last traded at $106.1080. Approximately 180,239 shares were traded during trading, a decline of 88% from the average session volume of 1,543,474 shares. The stock had previously closed at $97.77.
Wall Street Analyst Weigh In
A number of analysts have recently commented on ACMR shares. Seaport Research Partners started coverage on shares of ACM Research in a research report on Monday, May 4th. They issued a “buy” rating and a $75.00 price objective 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. Roth Capital set a $125.00 price target on shares of ACM Research and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Morgan Stanley restated an “overweight” rating and issued a $130.00 price objective (up from $90.00) on shares of ACM Research in a report on Tuesday, June 23rd. Finally, Weiss Ratings raised ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $127.50.
Read Our Latest Report on ACM Research
ACM Research Price Performance
ACM Research (NASDAQ:ACMR – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.08. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. The company had revenue of $231.26 million for the quarter, compared to analyst estimates of $215.69 million. During the same period in the previous year, the business earned $0.46 EPS. ACM Research’s revenue for the quarter was up 34.2% compared to the same quarter last year. As a group, sell-side analysts expect that ACM Research, Inc. will post 1.02 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, insider David H. Wang sold 40,002 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider directly owned 802,708 shares of the company’s stock, valued at $68,872,346.40. This trade represents a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Haiping Dun sold 5,000 shares of ACM Research stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $66.22, for a total value of $331,100.00. Following the transaction, the director owned 5,000 shares of the company’s stock, valued at $331,100. This represents 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 worth $11,012,198 over the last ninety days. 24.36% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On ACM Research
Institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC raised its position in shares of ACM Research by 90.1% in the 4th 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. increased its stake in ACM Research by 266.7% in the fourth quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 480 shares during the last quarter. Leonteq Securities AG bought a new position in ACM Research in the fourth quarter valued at approximately $28,000. Harbor Investment Advisory LLC raised its position in ACM Research by 195.2% during the second quarter. Harbor Investment Advisory LLC now owns 738 shares of the specialty retailer’s stock valued at $94,000 after purchasing an additional 488 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in ACM Research by 38.8% during the fourth quarter. GAMMA Investing LLC now owns 1,070 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 299 shares during the last quarter. 66.75% of the stock is currently owned by institutional investors.
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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