ACM Research, Inc. (NASDAQ:ACMR) Receives $38.00 Average PT from Analysts

by · The Cerbat Gem

Shares of ACM Research, Inc. (NASDAQ:ACMR – Get Free Report) have been given an average rating of “Hold” by the six analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $38.00.

A number of brokerages have recently issued reports on ACMR. Zacks Research cut ACM Research from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 12th. Roth Capital reiterated a “buy” rating and set a $40.00 price objective on shares of ACM Research in a research note on Wednesday, November 5th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of ACM Research in a research note on Monday, December 8th.

View Our Latest Stock Analysis on ACMR

ACM Research Price Performance

NASDAQ:ACMR opened at $38.83 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.48 and a current ratio of 3.48. The company has a 50-day moving average of $36.36 and a 200-day moving average of $31.43. ACM Research has a 52 week low of $14.65 and a 52 week high of $45.12. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 22.58 and a beta of 1.45.

ACM Research (NASDAQ:ACMR – Get Free Report) last posted its earnings results on Wednesday, November 5th. The specialty retailer reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.11). The business had revenue of $269.16 million during the quarter, compared to the consensus estimate of $251.72 million. ACM Research had a net margin of 13.30% and a return on equity of 7.11%. The business’s revenue was up 32.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.63 EPS. As a group, equities research analysts anticipate that ACM Research will post 1.17 earnings per share for the current fiscal year.

Insider Transactions at ACM Research

In other ACM Research news, Director Tracy Liu sold 15,000 shares of the company’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $33.00, for a total transaction of $495,000.00. Following the sale, the director directly owned 110,772 shares of the company’s stock, valued at approximately $3,655,476. This represents a 11.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Fuping Chen sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $33.20, for a total transaction of $3,320,000.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 320,000 shares of company stock valued at $10,744,150. 25.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On ACM Research

Institutional investors and hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC grew its holdings in ACM Research by 2.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 17,291 shares of the specialty retailer’s stock valued at $700,000 after purchasing an additional 343 shares during the period. SBI Securities Co. Ltd. boosted its position in shares of ACM Research by 78.9% during the third quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 367 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of ACM Research by 2.5% in the 3rd quarter. Arizona State Retirement System now owns 15,649 shares of the specialty retailer’s stock valued at $612,000 after buying an additional 386 shares during the period. Tower Research Capital LLC TRC increased its position in shares of ACM Research by 7.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,076 shares of the specialty retailer’s stock valued at $157,000 after buying an additional 416 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in ACM Research by 8.1% during the 3rd quarter. Blue Trust Inc. now owns 5,997 shares of the specialty retailer’s stock worth $235,000 after buying an additional 449 shares during the period. Institutional investors and hedge funds own 66.75% of the company’s stock.

About ACM Research

(Get Free Report)

ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.

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