ACM Research (NASDAQ:ACMR) Sets New 12-Month High – Still a Buy?

ACM Research, Inc. (NASDAQ:ACMR)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $39.85 and last traded at $38.99, with a volume of 4588221 shares changing hands. The stock had previously closed at $36.68.

ACM Research Stock Performance

The stock has a market capitalization of $2.25 billion, a P/E ratio of 23.01 and a beta of 1.43. The company’s 50-day moving average is $29.38 and its two-hundred day moving average is $25.88. The company has a current ratio of 2.45, a quick ratio of 1.49 and a debt-to-equity ratio of 0.14.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings results on Wednesday, August 6th. The specialty retailer reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.12. ACM Research had a net margin of 13.76% and a return on equity of 9.57%. The company had revenue of $215.37 million for the quarter, compared to the consensus estimate of $223.42 million. During the same period in the previous year, the firm earned $0.55 EPS. ACM Research’s revenue was up 6.4% on a year-over-year basis. As a group, sell-side analysts anticipate that ACM Research, Inc. will post 1.17 EPS for the current fiscal year.

Insider Activity at ACM Research

In other ACM Research news, insider Sotheara Cheav sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $35.00, for a total transaction of $350,000.00. Following the sale, the insider directly owned 100,002 shares in the company, valued at approximately $3,500,070. The trade was a 9.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lisa Feng sold 15,000 shares of ACM Research stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $28.00, for a total transaction of $420,000.00. Following the completion of the transaction, the insider directly owned 50,001 shares in the company, valued at $1,400,028. This represents a 23.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold 286,152 shares of company stock worth $8,419,160 in the last three months. Insiders own 25.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ACMR. KBC Group NV purchased a new position in shares of ACM Research in the first quarter worth approximately $29,000. EverSource Wealth Advisors LLC increased its position in shares of ACM Research by 656.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock worth $33,000 after acquiring an additional 1,122 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of ACM Research by 871.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 4,673 shares of the specialty retailer’s stock worth $109,000 after acquiring an additional 4,192 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of ACM Research in the first quarter worth approximately $114,000. Finally, Headlands Technologies LLC purchased a new position in ACM Research during the second quarter valued at approximately $114,000. 66.75% of the stock is owned by hedge funds and other institutional investors.

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.