ACM Research (NASDAQ:ACMR) Trading Down 7.8% – Here’s What Happened

ACM Research, Inc. (NASDAQ:ACMR)’s share price traded down 7.8% during mid-day trading on Wednesday . The company traded as low as $116.00 and last traded at $116.9330. 1,046,940 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 1,537,110 shares. The stock had previously closed at $126.89.

Analyst Upgrades and Downgrades

ACMR has been the subject of several research reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $130.00 price target (up from $90.00) on shares of ACM Research in a report on Tuesday, June 23rd. Weiss Ratings raised shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Wall Street Zen raised shares of ACM Research from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Seaport Research Partners initiated coverage on ACM Research in a research note on Monday, May 4th. They issued a “buy” rating and a $75.00 target price for the company. Finally, Zacks Research lowered ACM Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $127.50.

ACM Research Stock Performance

The firm’s fifty day moving average price is $80.47 and its 200-day moving average price is $60.75. The company has a market cap of $5.99 billion, a price-to-earnings ratio of 74.63 and a beta of 1.90. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.51 and a quick ratio of 2.52.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings data on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. The business had revenue of $231.26 million for the quarter, compared to analysts’ expectations of $215.69 million. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. The company’s revenue for the quarter was up 34.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.46 EPS. On average, equities analysts expect that ACM Research, Inc. will post 1.02 EPS for the current fiscal year.

Insider Activity

In related news, insider Sotheara Cheav sold 5,399 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $83.18, for a total value of $449,088.82. Following the completion of the transaction, the insider directly owned 100,002 shares of the company’s stock, valued at $8,318,166.36. This represents a 5.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Haiping Dun sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $66.22, for a total value of $331,100.00. Following the completion of the sale, the director owned 5,000 shares in the company, valued at approximately $331,100. This represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 128,752 shares of company stock worth $11,012,198 over the last ninety days. 24.36% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of ACM Research by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 4,972,103 shares of the specialty retailer’s stock valued at $196,149,000 after purchasing an additional 125,690 shares during the period. Triata Capital Ltd boosted its holdings in shares of ACM Research by 26.0% in the third quarter. Triata Capital Ltd now owns 2,003,225 shares of the specialty retailer’s stock valued at $78,386,000 after acquiring an additional 413,000 shares in the last quarter. WCM Investment Management LLC increased its stake in shares of ACM Research by 16,878.8% during the first quarter. WCM Investment Management LLC now owns 1,860,874 shares of the specialty retailer’s stock valued at $70,583,000 after acquiring an additional 1,849,914 shares during the period. Morgan Stanley increased its stake in shares of ACM Research by 58.8% during the fourth quarter. Morgan Stanley now owns 1,392,306 shares of the specialty retailer’s stock valued at $54,926,000 after acquiring an additional 515,340 shares during the period. Finally, Geode Capital Management LLC raised its holdings in ACM Research by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 1,342,899 shares of the specialty retailer’s stock worth $52,986,000 after purchasing an additional 19,397 shares in the last quarter. Institutional investors and hedge funds own 66.75% of the company’s stock.

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.