ACM Research (NASDAQ:ACMR) Stock Rating Lowered by Zacks Research

ACM Research (NASDAQ:ACMR) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Wednesday,Zacks.com reports.

Other equities analysts have also issued reports about the company. Weiss Ratings lowered ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, November 7th. Roth Capital reissued a “buy” rating and set a $40.00 target price on shares of ACM Research in a research note on Wednesday, November 5th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, ACM Research currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.75.

ACM Research Stock Down 3.5%

Shares of ACM Research stock traded down $1.13 on Wednesday, reaching $31.51. The company’s stock had a trading volume of 853,018 shares, compared to its average volume of 1,528,063. ACM Research has a 52 week low of $13.87 and a 52 week high of $45.12. The firm’s fifty day simple moving average is $36.81 and its two-hundred day simple moving average is $29.65. The company has a quick ratio of 1.49, a current ratio of 2.45 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 19.10 and a beta of 1.44.

ACM Research (NASDAQ:ACMR) last issued its earnings results on Wednesday, November 5th. The specialty retailer reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.11). ACM Research had a return on equity of 9.57% and a net margin of 13.76%.The company had revenue of $269.16 million during the quarter, compared to analysts’ expectations of $251.72 million. During the same quarter in the prior year, the business posted $0.63 EPS. The company’s revenue for the quarter was up 32.0% compared to the same quarter last year. ACM Research has set its FY 2025 guidance at EPS. Equities analysts anticipate that ACM Research will post 1.17 earnings per share for the current year.

Insider Activity at ACM Research

In other news, insider Lisa Feng sold 15,000 shares of the firm’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $33.77, for a total transaction of $506,550.00. Following the completion of the transaction, the insider directly owned 50,001 shares in the company, valued at $1,688,533.77. This trade represents a 23.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David H. Wang sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $26.44, for a total transaction of $1,586,400.00. Following the transaction, the insider owned 672,708 shares of the company’s stock, valued at $17,786,399.52. This trade represents a 8.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 271,152 shares of company stock worth $8,055,710 in the last 90 days. 25.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of ACM Research by 2.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 17,291 shares of the specialty retailer’s stock worth $700,000 after buying an additional 343 shares in the last quarter. SBI Securities Co. Ltd. increased its position in ACM Research by 78.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 367 shares in the last quarter. Arizona State Retirement System raised its position in shares of ACM Research by 2.5% in the third quarter. Arizona State Retirement System now owns 15,649 shares of the specialty retailer’s stock valued at $612,000 after buying an additional 386 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of ACM Research by 7.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,076 shares of the specialty retailer’s stock worth $157,000 after purchasing an additional 416 shares during the period. Finally, Blue Trust Inc. grew its holdings in ACM Research by 8.1% in the 3rd quarter. Blue Trust Inc. now owns 5,997 shares of the specialty retailer’s stock valued at $235,000 after buying an additional 449 shares during the period. Hedge funds and other institutional investors 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.