Equities analysts predict that ACM Research, Inc. (NASDAQ:ACMR) will post sales of $40.73 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for ACM Research’s earnings. The highest sales estimate is $41.20 million and the lowest is $40.00 million. ACM Research posted sales of $24.35 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 67.3%. The firm is expected to issue its next earnings report after the market closes on Thursday, May 6th.
According to Zacks, analysts expect that ACM Research will report full-year sales of $223.00 million for the current financial year, with estimates ranging from $217.00 million to $234.00 million. For the next year, analysts forecast that the firm will report sales of $306.47 million, with estimates ranging from $285.00 million to $323.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for ACM Research.
ACM Research (NASDAQ:ACMR) last announced its quarterly earnings results on Thursday, February 25th. The specialty retailer reported $0.29 EPS for the quarter, topping the consensus estimate of $0.22 by $0.07. ACM Research had a net margin of 10.46% and a return on equity of 16.48%. The business had revenue of $45.56 million for the quarter, compared to analysts’ expectations of $42.90 million.
ACMR has been the topic of several analyst reports. Benchmark reissued a “hold” rating on shares of ACM Research in a research report on Wednesday, January 6th. TheStreet lowered shares of ACM Research from a “b-” rating to a “c” rating in a report on Monday, March 29th. Finally, Zacks Investment Research lowered ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 3rd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. ACM Research currently has an average rating of “Buy” and an average price target of $106.00.
In other ACM Research news, Director Tracy Liu sold 2,000 shares of the company’s stock in a transaction on Friday, February 12th. The stock was sold at an average price of $120.00, for a total transaction of $240,000.00. Following the completion of the sale, the director now owns 36,924 shares in the company, valued at $4,430,880. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Sotheara Cheav sold 5,000 shares of the stock in a transaction on Thursday, April 8th. The shares were sold at an average price of $88.66, for a total value of $443,300.00. Following the sale, the insider now directly owns 61,445 shares in the company, valued at approximately $5,447,713.70. The disclosure for this sale can be found here. Insiders have sold a total of 107,428 shares of company stock worth $10,741,561 in the last three months. Corporate insiders own 46.02% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Virtu Financial LLC bought a new stake in shares of ACM Research in the 3rd quarter valued at about $354,000. Altfest L J & Co. Inc. acquired a new stake in ACM Research in the fourth quarter valued at approximately $208,000. PFG Advisors purchased a new position in ACM Research in the fourth quarter worth $212,000. Calamos Advisors LLC increased its position in shares of ACM Research by 130.6% during the fourth quarter. Calamos Advisors LLC now owns 37,675 shares of the specialty retailer’s stock worth $3,061,000 after purchasing an additional 21,334 shares in the last quarter. Finally, Perigon Wealth Management LLC purchased a new stake in shares of ACM Research during the 4th quarter valued at $91,000. 31.23% of the stock is currently owned by institutional investors.
ACM Research stock opened at $74.58 on Wednesday. The firm’s fifty day moving average is $84.61 and its 200 day moving average is $88.05. ACM Research has a 52-week low of $36.44 and a 52-week high of $144.81. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 111.31 and a beta of 0.89.
ACM Research Company Profile
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 with fine feature sizes; 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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