ACM Research (NASDAQ:ACMR) Shares Climb 6.4% – Should You Buy?

ACM Research, Inc. (NASDAQ:ACMR) was up 6.4% on Wednesday. The stock traded as high as $80.76 and last traded at $80.4660. Approximately 711,647 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 1,376,969 shares. The stock had previously closed at $75.61.

Analyst Ratings Changes

A number of brokerages recently issued reports on ACMR. Weiss Ratings cut ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, September 24th. Craig Hallum reiterated a “buy” rating and set a $100.00 price target on shares of ACM Research in a research report on Monday, August 10th. Daiwa Securities Group initiated coverage on shares of ACM Research in a report on Wednesday, August 26th. They issued a “buy” rating and a $136.00 price target on the stock. Zacks Research upgraded shares of ACM Research from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, ACM Research currently has a consensus rating of “Buy” and a consensus target price of $122.75.

ACM Research Stock Performance

The company has a debt-to-equity ratio of 0.08, a current ratio of 3.66 and a quick ratio of 2.66. The company has a 50 day simple moving average of $76.63 and a 200-day simple moving average of $73.22. The firm has a market cap of $5.21 billion, a PE ratio of 38.37 and a beta of 1.96.

ACM Research (NASDAQ:ACMR) last posted 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 net margin of 14.48% and a return on equity of 4.08%. The business had revenue of $292.92 million during the quarter, compared to analyst estimates of $269.28 million. During the same period in the prior year, the business posted $0.54 earnings per share. The company’s revenue was up 36.0% on a year-over-year basis. As a group, equities research analysts anticipate that ACM Research, Inc. will post 1.68 EPS for the current year.

Insider Activity at ACM Research

In other ACM Research news, insider David H. Wang sold 70,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $74.59, for a total value of $5,221,300.00. Following the completion of the sale, the insider owned 802,708 shares in the company, valued at approximately $59,873,989.72. The trade was a 8.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Haiping Dun sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $81.13, for a total value of $405,650.00. Following the sale, the director directly owned 5,000 shares of the company’s stock, valued at approximately $405,650. This trade represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 24.36% of the stock is owned by company insiders.

Institutional Investors Weigh In On ACM Research

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ACMR. Sequoia Financial Advisors LLC bought a new position in shares of ACM Research during the second quarter valued at about $332,000. Integrated Wealth Concepts LLC bought a new stake in shares of ACM Research in the second quarter worth about $346,000. Nykredit A S purchased a new position in ACM Research during the 2nd quarter valued at about $173,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in ACM Research during the 2nd quarter valued at about $622,000. Finally, Odyssean LLC increased its holdings in ACM Research by 26.7% during the 2nd quarter. Odyssean LLC now owns 19,180 shares of the specialty retailer’s stock valued at $2,434,000 after purchasing an additional 4,043 shares during the period. 66.75% of the stock is currently owned by institutional investors.

About ACM Research

ACM Research, Inc develops, manufactures and sells equipment used in semiconductor manufacturing and advanced packaging. Its products are designed for wafer processing steps that help semiconductor manufacturers clean, prepare and deposit materials on silicon wafers and other substrates.

The company’s product portfolio includes single-wafer cleaning systems, wet-processing equipment, electrochemical deposition systems, furnace systems and equipment for advanced packaging applications. Its cleaning technologies include the Space Alternated Phase Shift (SAPS) and Tahoe platforms, which are intended to remove contaminants and residues while supporting the production of increasingly complex semiconductor devices.

Founded in 1998, ACM Research is headquartered in Fremont, California, and serves semiconductor manufacturers and other customers through operations and facilities in the United States, China and other international markets.