ACM Research (NASDAQ:ACMR) Stock Falls 6.3% – What’s Next?

ACM Research, Inc. (NASDAQ:ACMR – Get Free Report) fell 6.3% during mid-day trading on Tuesday. The stock traded as low as $64.68 and last traded at $63.7890. 183,065 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 1,375,325 shares. The stock had previously closed at $68.10.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ACMR shares. Morgan Stanley reaffirmed 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. Zacks Research cut shares of ACM Research from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Roth Capital set a $125.00 target price on shares of ACM Research and gave the company a “buy” rating in a report on Wednesday, June 17th. Daiwa Securities Group initiated coverage on ACM Research in a research report on Wednesday, August 26th. They set a “buy” rating and a $136.00 target price on the stock. Finally, Weiss Ratings upgraded ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, ACM Research has an average rating of “Moderate Buy” and a consensus price target of $122.75.

View Our Latest Report on ACMR

ACM Research Stock Performance

The business’s fifty day moving average price is $75.98 and its 200-day moving average price is $75.12. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.66 and a quick ratio of 2.66. The stock has a market capitalization of $4.12 billion, a PE ratio of 30.30 and a beta of 2.09.

ACM Research (NASDAQ:ACMR – Get Free Report) last issued its quarterly earnings data on Friday, August 7th. The specialty retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.42 by $0.19. The company had revenue of $292.92 million during the quarter, compared to analysts’ expectations of $269.28 million. ACM Research had a net margin of 14.48% and a return on equity of 4.08%. ACM Research’s revenue for the quarter was up 36.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.54 earnings per share. As a group, equities research analysts expect that ACM Research, Inc. will post 1.68 EPS for the current year.

Insider Activity at ACM Research

In other news, Director Haiping Dun sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $81.13, for a total transaction of $405,650.00. Following the completion of the transaction, the director directly owned 5,000 shares in the company, valued at $405,650. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David H. Wang sold 70,000 shares of the company’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $74.59, for a total transaction of $5,221,300.00. Following the completion of the transaction, the insider directly owned 802,708 shares in the company, 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.

Institutional Investors Weigh In On ACM Research

Several large investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System increased its stake in ACM Research by 32.4% in the 1st quarter. California State Teachers Retirement System now owns 63,131 shares of the specialty retailer’s stock worth $2,484,000 after acquiring an additional 15,460 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of ACM Research by 73.7% in the 1st quarter. First Trust Advisors LP now owns 373,987 shares of the specialty retailer’s stock valued at $14,716,000 after acquiring an additional 158,664 shares in the last quarter. Cypress Capital Group purchased a new stake in shares of ACM Research in the 1st quarter valued at about $623,000. Congress Asset Management Co. boosted its position in shares of ACM Research by 23.8% during the 3rd quarter. Congress Asset Management Co. now owns 277,150 shares of the specialty retailer’s stock valued at $22,427,000 after acquiring an additional 53,295 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new stake in shares of ACM Research during the 1st quarter valued at about $1,693,000. Institutional investors own 66.75% of the company’s stock.

ACM Research Company Profile

(Get Free Report)

ACM Research, Inc (NASDAQ: ACMR) develops, manufactures and sells semiconductor wafer-processing equipment used by integrated device manufacturers, foundries and advanced packaging companies. Its systems are designed to support processes involved in producing semiconductor devices, including wafer cleaning, surface preparation and related fabrication steps.

The company’s product portfolio includes single-wafer cleaning systems, batch wafer-cleaning equipment, wet-processing systems and tools for specialized applications such as wafer bevel cleaning and advanced packaging.

Further Reading

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