ACM Research, Inc. (NASDAQ:ACMR) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• ACM Research has a “Moderate Buy” consensus rating from five analysts, with three buys and two holds. The average 12-month price target is $118.33, while individual targets range from $75 to $130.
• The company exceeded quarterly expectations, reporting $0.61 EPS versus a $0.42 estimate and $292.92 million in revenue, up 36% year over year and above the $269.28 million consensus.
• Shares opened at $79.92, giving ACM Research a market capitalization of roughly $5.17 billion; insiders sold $10.75 million of stock over the past three months, while institutional investors own 66.75% of shares.

Shares of ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the five research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $118.3333.

A number of equities analysts have weighed in on the stock. Craig Hallum reiterated a "buy" rating and set a $100.00 target price on shares of ACM Research in a research report on Monday. Zacks Research lowered shares of ACM Research from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 27th. 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 note on Tuesday, June 23rd. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of ACM Research in a report on Tuesday, July 21st. Finally, Seaport Research Partners initiated coverage on shares of ACM Research in a report on Monday, May 4th. They set a "buy" rating and a $75.00 target price on the stock.

ACM Research Stock Up 0.6%

Shares of NASDAQ ACMR opened at $79.92 on Wednesday. ACM Research has a one year low of $24.10 and a one year high of $127.19. 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 business's fifty day moving average price is $91.79 and its 200-day moving average price is $69.00. The stock has a market capitalization of $5.17 billion, a PE ratio of 38.06 and a beta of 1.96.

ACM Research (NASDAQ:ACMR - Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The specialty retailer reported $0.61 earnings per share for the quarter, topping 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 company had revenue of $292.92 million during the quarter, compared to analyst estimates of $269.28 million. During the same quarter last year, the firm posted $0.54 EPS. The firm's revenue for the quarter was up 36.0% on a year-over-year basis. On average, equities research analysts anticipate that ACM Research will post 1.02 EPS for the current year.

Insider Transactions at ACM Research

In other ACM Research news, Director Haiping Dun sold 5,000 shares of the firm's stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $66.22, for a total value of $331,100.00. Following the completion of the transaction, the director owned 5,000 shares in the company, valued at $331,100. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David H. Wang sold 60,000 shares of ACM Research stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $90.05, for a total value of $5,403,000.00. Following the transaction, the insider directly owned 802,708 shares of the company's stock, valued at $72,283,855.40. The trade was a 6.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 123,752 shares of company stock valued at $10,752,198 over the last three months. Company insiders own 24.36% of the company's stock.

Institutional Investors Weigh In On ACM Research

A number of institutional investors and hedge funds have recently modified their holdings of the company. Contravisory Investment Management Inc. lifted its holdings in shares of ACM Research by 2.3% during the 2nd quarter. Contravisory Investment Management Inc. now owns 5,216 shares of the specialty retailer's stock worth $662,000 after acquiring an additional 115 shares during the last quarter. Maryland State Retirement & Pension System raised its position in ACM Research by 2.2% during the fourth quarter. Maryland State Retirement & Pension System now owns 7,764 shares of the specialty retailer's stock valued at $306,000 after purchasing an additional 168 shares in the last quarter. GAMMA Investing LLC lifted its stake in ACM Research by 14.5% during the second quarter. GAMMA Investing LLC now owns 1,440 shares of the specialty retailer's stock worth $183,000 after purchasing an additional 182 shares during the last quarter. MML Investors Services LLC lifted its stake in ACM Research by 1.0% during the fourth quarter. MML Investors Services LLC now owns 22,851 shares of the specialty retailer's stock worth $901,000 after purchasing an additional 217 shares during the last quarter. Finally, First Growth Capital LLC boosted its holdings in shares of ACM Research by 5.4% in the 1st quarter. First Growth Capital LLC now owns 5,598 shares of the specialty retailer's stock worth $226,000 after purchasing an additional 285 shares in the last quarter. 66.75% of the stock is owned by hedge funds and other institutional investors.

ACM Research Company Profile

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.

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