ACM Research (NASDAQ:ACMR) Shares Gap Down – Should You Sell?

ACM Research, Inc. (NASDAQ:ACMR) gapped down prior to trading on Thursday. The stock had previously closed at $61.12, but opened at $57.32. ACM Research shares last traded at $55.7370, with a volume of 379,416 shares.

Analyst Upgrades and Downgrades

Several analysts have commented on ACMR shares. Zacks Research downgraded ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Daiwa Securities Group began coverage on ACM Research in a research note on Wednesday, August 26th. They issued a “buy” rating and a $136.00 price target on the stock. Craig Hallum reaffirmed a “buy” rating and issued a $100.00 price objective on shares of ACM Research in a report on Monday, August 10th. Weiss Ratings upgraded ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 9th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $130.00 target price (up from $90.00) on shares of ACM Research in a report on Tuesday, June 23rd. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $122.75.

ACM Research Trading Down 8.6%

The stock has a fifty day moving average of $74.22 and a 200 day moving average of $75.36. 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 has a market capitalization of $3.43 billion, a PE ratio of 25.29 and a beta of 2.09.

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

Insiders Place Their Bets

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

Institutional Trading of ACM Research

Institutional investors have recently bought and sold shares of the stock. WCM Investment Management LLC increased its holdings in ACM Research by 16,878.8% in the 1st quarter. WCM Investment Management LLC now owns 1,860,874 shares of the specialty retailer’s stock worth $70,583,000 after buying an additional 1,849,914 shares during the period. Bank of New York Mellon Corp acquired a new stake in ACM Research during the 2nd quarter valued at approximately $41,402,000. Dimensional Fund Advisors LP boosted its holdings in shares of ACM Research by 207.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 719,023 shares of the specialty retailer’s stock valued at $28,286,000 after acquiring an additional 485,282 shares during the last quarter. Congress Asset Management Co. increased its stake in shares of ACM Research by 23.8% in the third quarter. Congress Asset Management Co. now owns 277,150 shares of the specialty retailer’s stock worth $22,427,000 after acquiring an additional 53,295 shares during the period. Finally, Wellington Management Group LLP purchased a new position in shares of ACM Research during the second quarter worth $22,204,000. 66.75% of the stock is currently owned by institutional investors and hedge funds.

About ACM Research

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.