ACM Research (NASDAQ:ACMR) Issues Quarterly Earnings Results

ACM Research (NASDAQ:ACMR) announced its earnings results on Wednesday. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.12, Zacks reports. ACM Research had a net margin of 12.38% and a return on equity of 9.07%.

ACM Research Stock Up 22.7 %

Shares of ACM Research stock traded up $5.22 on Wednesday, hitting $28.16. 3,835,860 shares of the company traded hands, compared to its average volume of 1,553,676. The company has a 50-day moving average price of $18.91 and a 200 day moving average price of $18.53. ACM Research has a 12-month low of $13.87 and a 12-month high of $34.40. The company has a market cap of $1.62 billion, a PE ratio of 21.17 and a beta of 1.58. The company has a quick ratio of 1.34, a current ratio of 2.37 and a debt-to-equity ratio of 0.10.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, insider Sotheara Cheav sold 22,598 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $23.00, for a total value of $519,754.00. Following the completion of the transaction, the insider now owns 100,002 shares of the company’s stock, valued at $2,300,046. This represents a 18.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 31.24% 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.