ACM Research (NASDAQ:ACMR) Reaches New 12-Month High – Time to Buy?

ACM Research, Inc. (NASDAQ:ACMR) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $53.86 and last traded at $53.71, with a volume of 154719 shares. The stock had previously closed at $53.22.

Analyst Ratings Changes

ACMR has been the subject of several analyst reports. Roth Capital reiterated a “buy” rating and issued a $40.00 price objective on shares of ACM Research in a research note on Wednesday, November 5th. Zacks Research raised ACM Research from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of ACM Research in a research report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, ACM Research presently has a consensus rating of “Moderate Buy” and an average price target of $38.00.

ACM Research Trading Up 1.8%

The stock’s 50 day simple moving average is $37.07 and its two-hundred day simple moving average is $33.93. The stock has a market capitalization of $3.24 billion, a PE ratio of 31.60 and a beta of 1.46. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.48 and a quick ratio of 2.48.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings results on Wednesday, November 5th. The specialty retailer reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.11). ACM Research had a return on equity of 7.11% and a net margin of 13.30%.The company had revenue of $269.16 million during the quarter, compared to the consensus estimate of $251.72 million. During the same period last year, the firm posted $0.63 EPS. The company’s revenue for the quarter was up 32.0% compared to the same quarter last year. On average, sell-side analysts expect that ACM Research, Inc. will post 1.17 EPS for the current year.

Insider Buying and Selling at ACM Research

In other news, insider Lisa Feng sold 15,000 shares of the 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 owned 50,001 shares in the company, valued at approximately $1,688,533.77. This represents a 23.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Fuping Chen sold 20,000 shares of ACM Research stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $33.06, for a total value of $661,200.00. The SEC filing for this sale provides additional information. Insiders have sold a total of 265,000 shares of company stock worth $8,849,150 over the last ninety days. 25.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in ACM Research by 38.8% during the 4th quarter. GAMMA Investing LLC now owns 1,070 shares of the specialty retailer’s stock valued at $42,000 after acquiring an additional 299 shares during the period. 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 valued at $700,000 after purchasing an additional 343 shares during the period. SBI Securities Co. Ltd. raised its stake in shares of ACM Research by 78.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 367 shares during the period. Arizona State Retirement System lifted its holdings in ACM Research by 2.5% during the 3rd quarter. Arizona State Retirement System now owns 15,649 shares of the specialty retailer’s stock worth $612,000 after purchasing an additional 386 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in ACM Research by 7.3% in 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. 66.75% of the stock is currently owned by hedge funds and other institutional investors.

ACM Research Company Profile

ACM Research, Inc (NASDAQ:ACMR) designs, develops and markets wet processing equipment for the semiconductor industry. The company focuses on advanced wafer cleaning technologies that address critical contamination-control requirements for logic, memory and advanced packaging applications. Since its founding in 2003, ACM Research has engineered modular platform tools that can be configured for a range of spin, scrub and batch cleaning processes.

Its product portfolio encompasses single-wafer spin cleaning systems featuring high-purity megasonic capabilities, dynamic chemical scrubbing modules for post-CMP residue removal and batch-process cleaning equipment designed for high-throughput production environments.