Brokerages Set ACM Research, Inc. (NASDAQ:ACMR) PT at $127.50

Shares of ACM Research, Inc. (NASDAQ:ACMR) have earned a consensus rating of “Moderate Buy” from the four analysts that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $127.50.

ACMR has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ACM Research in a research note on Tuesday. Morgan Stanley reissued an “overweight” rating and issued a $130.00 price objective (up from $90.00) on shares of ACM Research in a research report on Tuesday, June 23rd. Wall Street Zen upgraded shares of ACM Research from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Seaport Research Partners started coverage on shares of ACM Research in a research report on Monday, May 4th. They set a “buy” rating and a $75.00 target price on the stock. Finally, Roth Capital set a $125.00 price target on shares of ACM Research and gave the company a “buy” rating in a research note on Wednesday, June 17th.

ACM Research Price Performance

ACMR opened at $84.32 on Friday. The business has a fifty day moving average of $92.00 and a 200 day moving average of $66.59. The stock has a market cap of $5.16 billion, a P/E ratio of 64.37 and a beta of 1.90. 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 has a 52-week low of $23.03 and a 52-week high of $127.19.

ACM Research (NASDAQ:ACMR) last released its earnings results 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. ACM Research had a return on equity of 4.17% and a net margin of 9.48%.The business had revenue of $231.26 million for the quarter, compared to analyst estimates of $215.69 million. During the same quarter last year, the firm posted $0.46 earnings per share. The business’s revenue was up 34.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that ACM Research will post 1.02 EPS for the current year.

Insiders Place Their Bets

In other ACM Research news, insider David H. Wang sold 60,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $90.05, for a total value of $5,403,000.00. Following the completion of the sale, the insider directly owned 802,708 shares in the company, valued at approximately $72,283,855.40. This represents a 6.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Haiping Dun sold 5,000 shares of the 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 transaction, the director directly owned 5,000 shares in the company, valued at $331,100. The trade was a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 123,752 shares of company stock worth $10,752,198 in the last ninety days. 24.36% of the stock is owned by company insiders.

Institutional Trading of ACM Research

Several institutional investors and hedge funds have recently made changes to their positions in ACMR. Farther Finance Advisors LLC grew its position in shares of ACM Research by 90.1% in the 4th quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock worth $26,000 after buying an additional 308 shares during the last quarter. Hantz Financial Services Inc. raised its stake in shares of ACM Research by 266.7% during the 4th quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 480 shares in the last quarter. Leonteq Securities AG purchased a new stake in ACM Research during the fourth quarter valued at approximately $28,000. EverSource Wealth Advisors LLC lifted its position in ACM Research by 656.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 1,122 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in ACM Research by 38.8% in the fourth 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 currently owned by institutional investors.

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.