ACM Research (NASDAQ:ACMR) Trading Down 3.8% - What's Next?

Key Points

• ACM Research's stock fell 3.8% during trading, reaching a low of $41.22, with a significant volume decrease of 82% compared to its average.
• Research analysts maintain a mixed outlook, with Roth Capital upgrading its price target to $50.00 while Weiss Ratings holds a "c+" rating, resulting in an average "Moderate Buy" rating for the stock.
• In recent insider transactions, significant shares were sold by key personnel, indicating reduced ownership stakes, and 25% of the stock is currently owned by insiders.

ACM Research, Inc. (NASDAQ:ACMR - Get Free Report)'s stock price dropped 3.8% during trading on Friday . The company traded as low as $41.22 and last traded at $41.69. Approximately 279,018 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 1,548,132 shares. The stock had previously closed at $43.32.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ACMR shares. Roth Capital reiterated 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. Weiss Ratings reissued a "hold (c+)" rating on shares of ACM Research in a research report on Saturday, September 27th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $32.25.

ACM Research Trading Down 4.1%

The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.49 and a current ratio of 2.45. The stock has a fifty day moving average of $30.43 and a 200-day moving average of $26.31. The company has a market cap of $2.46 billion, a PE ratio of 25.19 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, beating analysts' consensus estimates of $0.42 by $0.12. The business had revenue of $215.37 million for the quarter, compared to the consensus estimate of $223.42 million. ACM Research had a net margin of 13.76% and a return on equity of 9.57%. The company's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.55 EPS. Sell-side analysts anticipate that ACM Research, Inc. will post 1.17 EPS for the current fiscal year.

Insider Buying and Selling at ACM Research

In other ACM Research news, insider David H. Wang sold 70,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $26.76, for a total value of $1,873,200.00. Following the completion of the transaction, the insider owned 672,708 shares of the company's stock, valued at $18,001,666.08. This trade represents a 9.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Tracy Liu sold 15,000 shares of ACM Research stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $33.00, for a total value of $495,000.00. Following the sale, the director directly owned 110,772 shares of the company's stock, valued at $3,655,476. This trade represents a 11.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 286,152 shares of company stock valued at $8,419,160. 25.00% of the stock is owned by insiders.

Institutional Trading of ACM Research

Institutional investors and hedge funds have recently made changes to their positions in the company. Hudson Bay Capital Management LP acquired a new position in ACM Research in the second quarter valued at $636,000. Headlands Technologies LLC acquired a new position in ACM Research during the second quarter valued at approximately $114,000. Tower Research Capital LLC TRC increased its holdings in ACM Research by 7.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,076 shares of the specialty retailer's stock valued at $157,000 after purchasing an additional 416 shares in the last quarter. Tidal Investments LLC acquired a new position in ACM Research during the 2nd quarter worth approximately $660,000. Finally, Lazard Asset Management LLC grew its holdings in ACM Research by 27.9% during the 2nd quarter. Lazard Asset Management LLC now owns 5,245 shares of the specialty retailer's stock valued at $135,000 after purchasing an additional 1,145 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, 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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