ACM Research, Inc. (NASDAQ:ACMR) Receives Average Rating of "Buy" from Analysts

Key Points

• Analysts maintain a bullish outlook: ACM Research has a consensus “Buy” rating from six brokerages, with an average 12-month price target of $122.75. Recent targets range from $100 to $136.
• Quarterly results exceeded expectations: The company reported $0.61 in earnings per share versus the $0.42 consensus estimate, while revenue reached $292.92 million, up 36% year over year and ahead of forecasts.
• Institutional ownership remains substantial: Institutional investors and hedge funds own 66.75% of ACM Research, while company insiders own 24.36%; one director recently sold 5,000 shares at an average price of $81.13.

ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) has received a consensus rating of "Buy" from the six brokerages that are covering the company, MarketBeat reports. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $122.75.

A number of research analysts have recently issued reports on ACMR shares. Wall Street Zen raised ACM Research from a "sell" rating to a "hold" rating in a research note on Saturday, May 9th. Craig Hallum reiterated a "buy" rating and issued a $100.00 target price on shares of ACM Research in a report on Monday, August 10th. Weiss Ratings raised ACM Research from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. Roth Capital set a $125.00 price target on ACM Research and gave the stock a "buy" rating in a report on Wednesday, June 17th. Finally, Daiwa Securities Group initiated coverage on shares of ACM Research in a research report on Wednesday, August 26th. They set a "buy" rating and a $136.00 price objective for the company.

Insiders Place Their Bets

In other news, Director Haiping Dun sold 5,000 shares of the company's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $81.13, for a total transaction of $405,650.00. Following the transaction, the director owned 5,000 shares in the company, valued at approximately $405,650. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 24.36% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its stake in ACM Research by 90.1% during the 4th quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer's stock valued at $26,000 after purchasing an additional 308 shares in the last quarter. Hantz Financial Services Inc. raised 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 worth $26,000 after purchasing an additional 480 shares during the last quarter. Leonteq Securities AG bought a new position in shares of ACM Research in the fourth quarter valued at approximately $28,000. EverSource Wealth Advisors LLC lifted its holdings in shares of ACM Research by 656.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer's stock valued at $33,000 after purchasing an additional 1,122 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of ACM Research by 381.0% during the first quarter. NewEdge Advisors LLC now owns 1,087 shares of the specialty retailer's stock valued at $43,000 after buying an additional 861 shares during the last quarter. 66.75% of the stock is owned by institutional investors and hedge funds.

ACM Research Trading Up 7.2%

NASDAQ:ACMR opened at $74.44 on Friday. The firm's fifty day moving average is $85.71 and its 200-day moving average is $71.32. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.66 and a current ratio of 3.66. ACM Research has a 52 week low of $26.44 and a 52 week high of $127.19. The firm has a market cap of $4.81 billion, a P/E ratio of 35.45 and a beta of 1.96.

ACM Research (NASDAQ:ACMR - Get Free Report) last announced its earnings results on Friday, August 7th. The specialty retailer reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.19. The business had revenue of $292.92 million during the quarter, compared to the consensus estimate of $269.28 million. ACM Research had a net margin of 14.48% and a return on equity of 4.08%. ACM Research's quarterly revenue was up 36.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 earnings per share. Equities analysts expect that ACM Research will post 1.68 earnings per share for the current year.

About ACM Research

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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