ACM Research (NASDAQ:ACMR) Stock Price Up 7% – What’s Next?

Shares of ACM Research, Inc. (NASDAQ:ACMR) were up 7% on Friday . The company traded as high as $73.99 and last traded at $74.2950. Approximately 306,201 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 1,403,807 shares. The stock had previously closed at $69.42.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Daiwa Securities Group started coverage on shares of ACM Research in a research note on Wednesday, August 26th. They issued a “buy” rating and a $136.00 price target on the stock. Weiss Ratings raised shares of ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Wall Street Zen raised shares of ACM Research from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Morgan Stanley restated an “overweight” rating and set a $130.00 price target (up from $90.00) on shares of ACM Research in a research report on Tuesday, June 23rd. Finally, Zacks Research raised shares of ACM Research from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. Based on data from MarketBeat.com, ACM Research presently has an average rating of “Buy” and an average target price of $122.75.

ACM Research Stock Performance

The stock has a fifty day simple moving average of $86.31 and a 200-day simple moving average of $71.30. The company has a market capitalization of $4.80 billion, a P/E ratio of 35.34 and a beta of 1.96. The company has a quick ratio of 2.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.08.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings results on Friday, August 7th. The specialty retailer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.19. ACM Research had a return on equity of 4.08% and a net margin of 14.48%.The firm had revenue of $292.92 million for the quarter, compared to the consensus estimate of $269.28 million. During the same quarter last year, the business posted $0.54 EPS. The company’s revenue for the quarter was up 36.0% on a year-over-year basis. Equities analysts forecast that ACM Research, Inc. will post 1.68 EPS for the current year.

Insider Buying and Selling at ACM Research

In other news, Director Haiping Dun sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $81.13, for a total transaction of $405,650.00. Following the completion of the sale, the director owned 5,000 shares of the company’s stock, valued at $405,650. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 24.36% of the company’s stock.

Institutional Investors Weigh In On ACM Research

A number of hedge funds and other institutional investors have recently modified their holdings of ACMR. California State Teachers Retirement System increased its stake in shares of ACM Research by 11,899.8% during the second quarter. California State Teachers Retirement System now owns 7,575,587 shares of the specialty retailer’s stock valued at $961,266,000 after purchasing an additional 7,512,456 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of ACM Research by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 4,972,103 shares of the specialty retailer’s stock worth $196,149,000 after purchasing an additional 125,690 shares in the last quarter. WCM Investment Management LLC grew its holdings in 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 purchasing an additional 1,849,914 shares during the period. Morgan Stanley raised its stake in ACM Research by 58.8% during the 4th quarter. Morgan Stanley now owns 1,392,306 shares of the specialty retailer’s stock worth $54,926,000 after acquiring an additional 515,340 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of ACM Research by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 1,342,899 shares of the specialty retailer’s stock valued at $52,986,000 after buying an additional 19,397 shares in the last quarter. Institutional investors 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.