ACM Research (NASDAQ:ACMR) Stock Price Down 3.7% – Time to Sell?

ACM Research, Inc. (NASDAQ:ACMR) shares dropped 3.7% during trading on Thursday . The company traded as low as $17.20 and last traded at $17.22. Approximately 205,265 shares traded hands during trading, a decline of 83% from the average daily volume of 1,180,362 shares. The stock had previously closed at $17.89.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ACMR. Craig Hallum lowered ACM Research from a “buy” rating to a “hold” rating and decreased their price target for the stock from $30.00 to $18.00 in a research note on Thursday, December 5th. Needham & Company LLC downgraded ACM Research from a “buy” rating to a “hold” rating and set a $25.00 target price for the company. in a research report on Wednesday, December 4th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, ACM Research has an average rating of “Moderate Buy” and an average price target of $30.00.

ACM Research Price Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37. The company has a market capitalization of $1.02 billion, a PE ratio of 13.36 and a beta of 1.48. The firm has a fifty day simple moving average of $16.48 and a 200 day simple moving average of $18.37.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings results on Thursday, November 7th. The specialty retailer reported $0.63 EPS for the quarter, topping the consensus estimate of $0.28 by $0.35. ACM Research had a return on equity of 9.07% and a net margin of 12.38%. The firm had revenue of $204.00 million during the quarter, compared to analyst estimates of $191.18 million. During the same period in the previous year, the company posted $0.41 EPS. The business’s revenue for the quarter was up 21.0% compared to the same quarter last year. Equities analysts anticipate that ACM Research, Inc. will post 1.12 EPS for the current year.

Insider Transactions at ACM Research

In other ACM Research news, Director Haiping Dun sold 15,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $19.12, for a total value of $286,800.00. Following the completion of the transaction, the director now owns 774,148 shares of the company’s stock, valued at approximately $14,801,709.76. This trade represents a 1.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David H. Wang sold 56,250 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $19.08, for a total transaction of $1,073,250.00. Following the sale, the insider now directly owns 710,506 shares in the company, valued at $13,556,454.48. This trade represents a 7.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 127,500 shares of company stock valued at $2,366,363 in the last quarter. 31.24% of the stock is currently owned by corporate insiders.

Institutional Trading of ACM Research

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in ACM Research by 2.3% during the third quarter. Geode Capital Management LLC now owns 1,180,741 shares of the specialty retailer’s stock valued at $23,973,000 after purchasing an additional 26,620 shares during the period. Millennium Management LLC boosted its holdings in ACM Research by 283.9% in the 2nd quarter. Millennium Management LLC now owns 924,104 shares of the specialty retailer’s stock worth $21,310,000 after buying an additional 683,361 shares during the last quarter. Portolan Capital Management LLC boosted its stake in shares of ACM Research by 7.7% in the third quarter. Portolan Capital Management LLC now owns 921,451 shares of the specialty retailer’s stock worth $18,705,000 after acquiring an additional 65,616 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in ACM Research by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 405,858 shares of the specialty retailer’s stock worth $8,239,000 after purchasing an additional 13,879 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in ACM Research during the 4th quarter valued at about $5,782,000. Institutional investors and hedge funds own 66.75% of the company’s stock.

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; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.