ACM Research, Inc. (NASDAQ:ACMR) Stock Has Average Price Target of $122.75 According to Brokerages

Shares of ACM Research, Inc. (NASDAQ:ACMR) have received an average recommendation of “Buy” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $122.75.

Several equities analysts have issued reports on the stock. Zacks Research raised shares of ACM Research from a “hold” rating to a “strong-buy” rating in a report on Monday, August 17th. Daiwa Securities Group assumed coverage on ACM Research in a report on Wednesday, August 26th. They set a “buy” rating and a $136.00 price objective for the company. Roth Capital set a $125.00 price objective on ACM Research and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Morgan Stanley restated an “overweight” rating and set a $130.00 target price (up from $90.00) on shares of ACM Research in a research note on Tuesday, June 23rd. Finally, Weiss Ratings lowered ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, September 24th.

ACM Research Stock Down 8.6%

NASDAQ:ACMR opened at $76.17 on Thursday. ACM Research has a fifty-two week low of $28.46 and a fifty-two week high of $127.19. The stock has a market capitalization of $4.93 billion, a P/E ratio of 36.27 and a beta of 2.09. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.66 and a current ratio of 3.66. The company’s 50-day simple moving average is $76.27 and its 200-day simple moving average is $74.19.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings data on Friday, August 7th. The specialty retailer reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.19. ACM Research had a net margin of 14.48% and a return on equity of 4.08%. The firm had revenue of $292.92 million for the quarter, compared to the consensus estimate of $269.28 million. During the same quarter in the previous year, the firm earned $0.54 EPS. The company’s quarterly revenue was up 36.0% compared to the same quarter last year. On average, equities analysts anticipate that ACM Research will post 1.68 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Haiping Dun sold 5,000 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $81.13, for a total transaction of $405,650.00. Following the sale, the director owned 5,000 shares in the company, valued at approximately $405,650. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David Wang sold 70,000 shares of the business’s stock in a transaction dated 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 sale, the insider owned 802,708 shares in the company, valued at $59,873,989.72. The trade was a 8.02% decrease in their position. The disclosure for this sale is available in the SEC filing. 24.36% of the stock is currently owned by company insiders.

Institutional Trading of ACM Research

A number of institutional investors have recently bought and sold shares of the stock. WCM Investment Management LLC increased its stake in ACM Research by 16,878.8% during the 1st 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 in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of ACM Research by 207.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 719,023 shares of the specialty retailer’s stock valued at $28,286,000 after buying an additional 485,282 shares during the last quarter. Bank of America Corp DE raised its position in ACM Research by 33.4% during the first quarter. Bank of America Corp DE now owns 402,412 shares of the specialty retailer’s stock valued at $15,835,000 after acquiring an additional 100,700 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of ACM Research by 73.7% in the 1st quarter. First Trust Advisors LP now owns 373,987 shares of the specialty retailer’s stock valued at $14,716,000 after purchasing an additional 158,664 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of ACM Research in the second quarter worth about $41,402,000. 66.75% of the stock is currently owned by institutional investors and hedge funds.

ACM Research Company Profile

ACM Research, Inc (NASDAQ: ACMR) develops, manufactures and sells semiconductor wafer-processing equipment used by integrated device manufacturers, foundries and advanced packaging companies. Its systems are designed to support processes involved in producing semiconductor devices, including wafer cleaning, surface preparation and related fabrication steps.

The company’s product portfolio includes single-wafer cleaning systems, batch wafer-cleaning equipment, wet-processing systems and tools for specialized applications such as wafer bevel cleaning and advanced packaging.