ACM Research (NASDAQ:ACMR) Trading Down 8.4% - Should You Sell?

Key Points

• ACM Research (NASDAQ:ACMR) shares fell 8.4% during mid-day trading, dropping from a previous close of $41.07 to around $37.63, amid a significant decrease in trading volume.
• Analysts have mixed opinions on the stock, with Roth Capital maintaining a "buy" rating and a price target increase from $40.00 to $50.00, while the average consensus price target is $32.25.
• Insider trading activity has been notable, with key insiders selling a total of $7.99 million in stock over the past quarter, indicating potential concerns about future performance.

ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) traded down 8.4% during mid-day trading on Friday . The company traded as low as $37.75 and last traded at $37.63. 874,932 shares were traded during trading, a decline of 43% from the average session volume of 1,542,938 shares. The stock had previously closed at $41.07.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Roth Capital restated a "buy" rating and set a $50.00 price target (up previously from $40.00) on shares of ACM Research in a report on Monday, September 29th. Weiss Ratings restated a "hold (c+)" rating on shares of ACM Research in a report on Wednesday. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, ACM Research currently has an average rating of "Moderate Buy" and a consensus price target of $32.25.

ACM Research Price Performance

The company has a current ratio of 2.45, a quick ratio of 1.49 and a debt-to-equity ratio of 0.14. The company's fifty day moving average is $31.45 and its two-hundred day moving average is $26.76. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 22.94 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 earnings per share for the quarter, beating 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 the consensus estimate of $223.42 million. During the same quarter last year, the firm earned $0.55 EPS. The firm's revenue for the quarter was up 6.4% on a year-over-year basis. As a group, research analysts predict that ACM Research, Inc. will post 1.17 earnings per share for the current year.

Insider Activity at ACM Research

In other ACM Research news, insider Jian Wang sold 30,000 shares of the business's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $35.00, for a total value of $1,050,000.00. Following the completion of the transaction, the insider owned 253,158 shares in the company, valued at $8,860,530. The trade was a 10.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Sotheara Cheav sold 10,000 shares of the business's stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $35.00, for a total transaction of $350,000.00. Following the completion of the transaction, the insider owned 100,002 shares of the company's stock, valued at approximately $3,500,070. This trade represents a 9.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 271,152 shares of company stock worth $7,999,160 over the last quarter. Company insiders own 25.00% of the company's stock.

Hedge Funds Weigh In On ACM Research

Several institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC grew its stake in shares of ACM Research by 7.3% in the second quarter. Tower Research Capital LLC TRC now owns 6,076 shares of the specialty retailer's stock worth $157,000 after acquiring an additional 416 shares in the last quarter. Vontobel Holding Ltd. lifted its position in shares of ACM Research by 2.4% during the 2nd quarter. Vontobel Holding Ltd. now owns 20,551 shares of the specialty retailer's stock worth $532,000 after purchasing an additional 491 shares during the last quarter. FCG Investment Co lifted its position in shares of ACM Research by 1.6% during the 2nd quarter. FCG Investment Co now owns 35,877 shares of the specialty retailer's stock worth $929,000 after purchasing an additional 577 shares during the last quarter. Kendall Capital Management lifted its position in shares of ACM Research by 1.4% during the 1st quarter. Kendall Capital Management now owns 45,240 shares of the specialty retailer's stock worth $1,056,000 after purchasing an additional 635 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC lifted its position in shares of ACM Research by 1.9% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 34,037 shares of the specialty retailer's stock worth $794,000 after purchasing an additional 647 shares during the last quarter. Institutional investors and hedge funds own 66.75% of the company's stock.

About ACM Research

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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