ACM Research (NASDAQ:ACMR - Get Free Report)'s stock had its "hold (c+)" rating reiterated by equities researchers at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.
Separately, Roth Capital reissued a "buy" rating and set a $50.00 price target (up from $40.00) on shares of ACM Research in a research report on Monday, September 29th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, ACM Research currently has a consensus rating of "Moderate Buy" and an average price target of $32.25.
Get Our Latest Analysis on ACM Research
ACM Research Trading Up 3.3%
Shares of NASDAQ:ACMR traded up $1.32 on Wednesday, hitting $41.78. The company had a trading volume of 332,366 shares, compared to its average volume of 1,547,956. The firm's 50-day simple moving average is $31.04 and its two-hundred day simple moving average is $26.56. ACM Research has a 1 year low of $13.87 and a 1 year high of $45.12. The company has a quick ratio of 1.49, a current ratio of 2.45 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 25.17 and a beta of 1.42.
ACM Research (NASDAQ:ACMR - Get Free Report) last posted its earnings results on Wednesday, August 6th. The specialty retailer reported $0.54 EPS for the quarter, topping the consensus estimate of $0.42 by $0.12. ACM Research had a net margin of 13.76% and a return on equity of 9.57%. The firm had revenue of $215.37 million during the quarter, compared to analysts' expectations of $223.42 million. During the same period last year, the company posted $0.55 EPS. The company's quarterly revenue was up 6.4% compared to the same quarter last year. Equities analysts anticipate that ACM Research will post 1.17 earnings per share for the current fiscal year.
Insider Activity
In other ACM Research news, insider Jian Wang sold 30,000 shares of ACM Research stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $32.00, for a total value of $960,000.00. Following the completion of the transaction, the insider directly owned 253,158 shares of the company's stock, valued at approximately $8,101,056. The trade was a 10.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sotheara Cheav sold 11,152 shares of ACM Research stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $30.00, for a total transaction of $334,560.00. Following the completion of the transaction, the insider directly owned 100,002 shares of the company's stock, valued at $3,000,060. This trade represents a 10.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 271,152 shares of company stock valued at $7,999,160 over the last ninety days. 25.00% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Federated Hermes Inc. lifted its holdings in shares of ACM Research by 12,871.6% in the first quarter. Federated Hermes Inc. now owns 1,072,752 shares of the specialty retailer's stock worth $25,038,000 after buying an additional 1,064,482 shares in the last quarter. Broad Bay Capital Management LP purchased a new stake in ACM Research during the first quarter valued at $21,134,000. Mitsubishi UFJ Trust & Banking Corp raised its stake in ACM Research by 39.3% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,302,351 shares of the specialty retailer's stock valued at $59,631,000 after purchasing an additional 649,116 shares in the last quarter. LSV Asset Management purchased a new stake in ACM Research during the second quarter valued at $11,523,000. Finally, Triata Capital Ltd raised its stake in ACM Research by 33.5% during the first quarter. Triata Capital Ltd now owns 1,371,125 shares of the specialty retailer's stock valued at $32,002,000 after purchasing an additional 344,158 shares in the last quarter. 66.75% of the stock is owned by hedge funds and other institutional investors.
ACM Research Company Profile
(
Get Free Report)
ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.
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