ACM Research Inc (NASDAQ:ACMR) reached a new 52-week high during trading on Monday . The company traded as high as $78.91 and last traded at $78.50, with a volume of 10959 shares changing hands. The stock had previously closed at $65.89.
A number of equities research analysts recently weighed in on ACMR shares. ValuEngine raised shares of ACM Research from a “sell” rating to a “hold” rating in a research report on Tuesday, March 24th. Needham & Company LLC upped their target price on ACM Research from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, May 8th. BidaskClub upgraded ACM Research from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 25th. Benchmark cut ACM Research from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Roth Capital raised their target price on shares of ACM Research from $60.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, May 19th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $55.25.
The company has a market cap of $1.30 billion, a price-to-earnings ratio of 77.43 and a beta of 0.73. The company’s 50 day moving average price is $60.40 and its 200 day moving average price is $39.68. The company has a current ratio of 3.91, a quick ratio of 3.02 and a debt-to-equity ratio of 0.02.
ACM Research (NASDAQ:ACMR) last announced its quarterly earnings data on Wednesday, May 6th. The specialty retailer reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.09. The firm had revenue of $24.35 million during the quarter, compared to the consensus estimate of $19.95 million. ACM Research had a net margin of 16.83% and a return on equity of 25.64%. Sell-side analysts predict that ACM Research Inc will post 0.96 earnings per share for the current year.
In related news, Director Chenming Hu sold 8,194 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $65.12, for a total transaction of $533,593.28. Following the sale, the director now owns 21,806 shares in the company, valued at $1,420,006.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mark Mckechnie sold 5,415 shares of ACM Research stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $54.34, for a total transaction of $294,251.10. Following the completion of the sale, the insider now directly owns 5,415 shares of the company’s stock, valued at $294,251.10. The disclosure for this sale can be found here. Company insiders own 46.02% of the company’s stock.
A number of large investors have recently modified their holdings of ACMR. C M Bidwell & Associates Ltd. acquired a new stake in shares of ACM Research during the 1st quarter worth $29,000. Janus Henderson Group PLC acquired a new stake in ACM Research during the fourth quarter worth about $217,000. Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in shares of ACM Research in the 4th quarter worth about $221,000. State Street Corp acquired a new position in shares of ACM Research in the 4th quarter valued at about $225,000. Finally, Jane Street Group LLC purchased a new stake in shares of ACM Research during the 1st quarter worth about $248,000. 23.40% of the stock is currently owned by hedge funds and other institutional investors.
ACM Research Company Profile (NASDAQ:ACMR)
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 of megasonic waves to deliver megasonic energy to flat and patterned wafer surfaces in a uniform manner on a microscopic level; timely energized bubble oscillation cleaning equipment for two-dimensional and three-dimensional patterned wafers at advanced process nodes; and custom-made wafer assembly and packaging equipment.
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