ACM Research (NASDAQ:ACMR) Shares Gap Up – Here’s What Happened

ACM Research, Inc. (NASDAQ:ACMR) shares gapped up prior to trading on Tuesday . The stock had previously closed at $73.35, but opened at $79.61. ACM Research shares last traded at $83.58, with a volume of 583,639 shares traded.

Wall Street Analyst Weigh In

A number of analysts have commented on ACMR shares. Weiss Ratings raised ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Zacks Research cut ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Wall Street Zen upgraded ACM Research from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Seaport Research Partners began coverage on ACM Research in a research report on Monday, May 4th. They issued a “buy” rating and a $75.00 price target for the company. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, ACM Research has a consensus rating of “Hold” and a consensus target price of $40.00.

ACM Research Price Performance

The stock has a market cap of $5.14 billion, a P/E ratio of 64.09 and a beta of 1.82. The business has a 50 day simple moving average of $52.04 and a 200-day simple moving average of $48.40. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.52 and a current ratio of 3.51.

ACM Research (NASDAQ:ACMR) last released its earnings results on Thursday, May 7th. The specialty retailer reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. The company had revenue of $231.26 million for the quarter, compared to analysts’ expectations of $215.69 million. ACM Research had a return on equity of 4.17% and a net margin of 9.48%.The business’s revenue for the quarter was up 34.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.46 EPS. On average, sell-side analysts forecast that ACM Research, Inc. will post 1.2 EPS for the current year.

Insider Buying and Selling at ACM Research

In other news, Director Haiping Dun sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $66.22, for a total transaction of $331,100.00. Following the completion of the transaction, the director directly owned 5,000 shares of the company’s stock, valued at $331,100. This represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tracy Liu sold 45,000 shares of ACM Research stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $47.38, for a total transaction of $2,132,100.00. Following the completion of the sale, the director directly owned 110,772 shares in the company, valued at $5,248,377.36. This trade represents a 28.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 70,000 shares of company stock worth $3,441,850 over the last three months. 25.00% of the stock is currently owned by insiders.

Institutional Trading of ACM Research

Large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC increased its position in ACM Research by 90.1% in the fourth quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock worth $26,000 after buying an additional 308 shares during the last quarter. Hantz Financial Services Inc. increased its position in ACM Research by 266.7% in the fourth quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock worth $26,000 after buying an additional 480 shares during the last quarter. Leonteq Securities AG purchased a new stake in ACM Research in the fourth quarter worth $28,000. Jones Financial Companies Lllp increased its position in ACM Research by 206.8% in the third quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock worth $29,000 after buying an additional 515 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its position in ACM Research by 78.9% in the third quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock worth $33,000 after buying an additional 367 shares during the last quarter. 66.75% of the stock is owned by hedge funds and other institutional investors.

About ACM Research

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.