ACM Research (NASDAQ:ACMR) Coverage Initiated by Analysts at Daiwa Securities Group

Key Points

• Daiwa Securities Group initiated coverage of ACM Research with a “buy” rating and a $136 price target, implying approximately 70.5% upside from the stock’s $79.77 opening price.
• Analyst sentiment is broadly positive: ACM Research has a consensus “Buy” rating and an average target price of $122.75, supported by multiple recent upgrades and raised targets.
• The company beat quarterly expectations, reporting $0.61 in EPS versus $0.42 expected and revenue of $292.92 million, up 36% year over year; however, insiders sold 123,752 shares worth about $10.8 million over the past three months.

Daiwa Securities Group started coverage on shares of ACM Research (NASDAQ:ACMR - Get Free Report) in a research report issued to clients and investors on Wednesday. The firm set a "buy" rating and a $136.00 price target on the specialty retailer's stock. Daiwa Securities Group's price objective would suggest a potential upside of 70.49% from the company's current price.

A number of other equities analysts have also recently commented on the company. Craig Hallum reissued a "buy" rating and set a $100.00 price target 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 Tuesday, August 11th. Morgan Stanley reissued an "overweight" rating and set a $130.00 target price (up from $90.00) on shares of ACM Research in a research note on Tuesday, June 23rd. Zacks Research raised shares of ACM Research from a "hold" rating to a "strong-buy" rating in a report on Monday, August 17th. Finally, Roth Capital set a $125.00 target price on shares of ACM Research and gave the stock a "buy" rating in a report on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $122.75.

ACM Research Stock Performance

Shares of ACM Research stock opened at $79.77 on Wednesday. The company has a current ratio of 3.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.08. The company has a market cap of $5.16 billion, a PE ratio of 37.99 and a beta of 1.96. The company has a 50 day moving average of $90.52 and a 200-day moving average of $70.77. ACM Research has a 1-year low of $26.10 and a 1-year high of $127.19.

ACM Research (NASDAQ:ACMR - Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The specialty retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.42 by $0.19. ACM Research had a net margin of 14.48% and a return on equity of 4.08%. The business had revenue of $292.92 million during 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 company's revenue was up 36.0% on a year-over-year basis. As a group, equities research analysts forecast that ACM Research will post 1.68 earnings per share for the current fiscal year.

Insider Transactions at ACM Research

In related news, insider David H. Wang sold 40,002 shares of ACM Research stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $85.80, for a total transaction of $3,432,171.60. Following the sale, the insider directly owned 802,708 shares in the company, valued at $68,872,346.40. This trade represents a 4.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sotheara Cheav sold 5,399 shares of the business's stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $83.18, for a total transaction of $449,088.82. Following the sale, the insider directly owned 100,002 shares in the company, valued at $8,318,166.36. The trade was a 5.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 123,752 shares of company stock worth $10,826,748. Insiders own 24.36% of the company's stock.

Hedge Funds Weigh In On ACM Research

A number of hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC lifted its holdings in ACM Research by 90.1% during the 4th quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer's stock worth $26,000 after buying an additional 308 shares during the period. Hantz Financial Services Inc. increased its stake in shares of ACM Research by 266.7% in the fourth quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer's stock valued at $26,000 after buying an additional 480 shares during the period. Leonteq Securities AG bought a new position in shares of ACM Research during the fourth quarter worth about $28,000. Harbor Investment Advisory LLC raised its position in shares of ACM Research by 195.2% during the second quarter. Harbor Investment Advisory LLC now owns 738 shares of the specialty retailer's stock worth $94,000 after acquiring an additional 488 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in shares of ACM Research by 381.0% in the first quarter. NewEdge Advisors LLC now owns 1,087 shares of the specialty retailer's stock worth $43,000 after acquiring an additional 861 shares during the period. Institutional investors and hedge funds own 66.75% of the company's stock.

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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