ACM Research (NASDAQ:ACMR) Shares Gap Up – What’s Next?

ACM Research, Inc. (NASDAQ:ACMR) shares gapped up before the market opened on Tuesday . The stock had previously closed at $82.52, but opened at $88.17. ACM Research shares last traded at $88.9540, with a volume of 97,610 shares.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Roth Capital set a $125.00 price objective on shares of ACM Research and gave the company a “buy” rating in a research note on Wednesday, June 17th. Wall Street Zen raised shares of ACM Research from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Morgan Stanley reaffirmed an “overweight” rating and issued a $130.00 price target (up from $90.00) on shares of ACM Research in a research report on Tuesday, June 23rd. Finally, Seaport Research Partners started coverage on ACM Research in a research note on Monday, May 4th. They set a “buy” rating and a $75.00 price target for the company. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $127.50.

ACM Research Stock Down 6.0%

The company has a market capitalization of $5.48 billion, a price-to-earnings ratio of 68.33 and a beta of 1.90. The business has a fifty day simple moving average of $91.09 and a two-hundred day simple moving average of $66.16. The company has a quick ratio of 2.52, a current ratio of 3.51 and a debt-to-equity ratio of 0.11.

ACM Research (NASDAQ:ACMR) last issued its earnings results on Thursday, May 7th. The specialty retailer reported $0.34 EPS for the quarter, beating the consensus estimate of $0.26 by $0.08. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. The company had revenue of $231.26 million for the quarter, compared to the consensus estimate of $215.69 million. During the same quarter in the previous year, the company earned $0.46 EPS. The firm’s revenue for the quarter was up 34.2% compared to the same quarter last year. Equities analysts expect that ACM Research, Inc. will post 1.02 EPS for the current year.

Insider Transactions at ACM Research

In other ACM Research news, insider Sotheara Cheav sold 5,399 shares of ACM Research stock in a transaction on Friday, June 5th. The shares were sold at an average price of $83.18, for a total transaction of $449,088.82. Following the completion of the sale, the insider owned 100,002 shares of the company’s stock, valued at approximately $8,318,166.36. The trade was a 5.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Haiping Dun sold 5,000 shares of ACM Research stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $66.22, for a total value of $331,100.00. Following the sale, the director directly owned 5,000 shares of the company’s stock, valued at approximately $331,100. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 123,752 shares of company stock worth $10,752,198 in the last quarter. 24.36% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ACMR. Farther Finance Advisors LLC raised its holdings in shares of ACM Research by 90.1% in the fourth quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 308 shares during the last quarter. Hantz Financial Services Inc. increased its stake in ACM Research by 266.7% in the 4th quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 480 shares during the last quarter. Leonteq Securities AG bought a new stake in ACM Research during the 4th quarter worth about $28,000. EverSource Wealth Advisors LLC boosted its stake in shares of ACM Research by 656.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock worth $33,000 after buying an additional 1,122 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of ACM Research by 38.8% in 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 in the last quarter. 66.75% of the stock is owned by institutional investors and hedge funds.

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.