ACM Research, Inc. (NASDAQ:ACMR) Stock Has Consensus Price Target of $122.75

Key Points

• Analysts maintain a bullish outlook: ACM Research has a consensus “Buy” rating from six analysts, with an average 12-month price target of $122.75. Recent targets range from $100 to $136.
• Strong quarterly performance: The company reported adjusted earnings of $0.61 per share, exceeding the $0.42 consensus estimate, while revenue rose 36% year over year to $292.92 million.
• Stock and ownership activity: ACMR opened at $80.92, up 7%, while insiders sold shares and still own 24.36% of the company; institutional investors own 66.75%.

Shares of ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) have been assigned a consensus rating of "Buy" from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $122.75.

ACMR has been the topic of several recent research reports. Zacks Research upgraded ACM Research from a "hold" rating to a "strong-buy" rating in a report on Monday, August 17th. Roth Capital set a $125.00 price objective on ACM Research and gave the company a "buy" rating in a report on Wednesday, June 17th. Daiwa Securities Group began coverage on ACM Research in a research note on Wednesday, August 26th. They issued a "buy" rating and a $136.00 price objective on the stock. Morgan Stanley restated an "overweight" rating and issued a $130.00 target price (up from $90.00) on shares of ACM Research in a report on Tuesday, June 23rd. Finally, Craig Hallum reaffirmed a "buy" rating and set a $100.00 target price on shares of ACM Research in a research report on Monday, August 10th.

Insiders Place Their Bets

In related news, insider David H. Wang sold 70,000 shares of ACM Research stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $74.59, for a total value of $5,221,300.00. Following the transaction, the insider owned 802,708 shares in the company, valued at $59,873,989.72. This trade represents a 8.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Haiping Dun sold 5,000 shares of the business's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $81.13, for a total transaction of $405,650.00. Following the transaction, the director directly owned 5,000 shares of the company's stock, valued at approximately $405,650. This represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 24.36% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ACM Research

A number of institutional investors have recently made changes to their positions in ACMR. Contravisory Investment Management Inc. boosted its stake in ACM Research by 2.3% during the 2nd quarter. Contravisory Investment Management Inc. now owns 5,216 shares of the specialty retailer's stock valued at $662,000 after purchasing an additional 115 shares during the period. GAMMA Investing LLC lifted its holdings in shares of ACM Research by 14.5% during the second quarter. GAMMA Investing LLC now owns 1,440 shares of the specialty retailer's stock worth $183,000 after buying an additional 182 shares during the last quarter. First Growth Capital LLC boosted its position in shares of ACM Research by 5.4% in the first quarter. First Growth Capital LLC now owns 5,598 shares of the specialty retailer's stock valued at $226,000 after acquiring an additional 285 shares during the period. Hantz Financial Services Inc. boosted its position 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 acquiring an additional 480 shares during the period. Finally, Harbor Investment Advisory LLC grew its stake in shares of ACM Research by 195.2% in 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. 66.75% of the stock is currently owned by institutional investors.

ACM Research Stock Up 7.0%

NASDAQ:ACMR opened at $80.92 on Thursday. The firm has a market capitalization of $5.23 billion, a price-to-earnings ratio of 38.53 and a beta of 1.96. ACM Research has a 1-year low of $28.46 and a 1-year high of $127.19. 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 business's fifty day moving average price is $76.46 and its 200 day moving average price is $73.47.

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 analysts' consensus estimates of $0.42 by $0.19. ACM Research had a net margin of 14.48% and a return on equity of 4.08%. The firm had revenue of $292.92 million for the quarter, compared to the consensus estimate of $269.28 million. During the same period in the previous year, the firm posted $0.54 earnings per share. The firm's revenue was up 36.0% on a year-over-year basis. On average, sell-side analysts forecast that ACM Research will post 1.68 earnings per share for the current fiscal year.

ACM Research Company Profile

ACM Research, Inc NASDAQ: ACMR develops, manufactures and sells semiconductor wafer-processing equipment used by integrated device manufacturers, foundries and advanced packaging companies. Its systems are designed to support processes involved in producing semiconductor devices, including wafer cleaning, surface preparation and related fabrication steps.

The company's product portfolio includes single-wafer cleaning systems, batch wafer-cleaning equipment, wet-processing systems and tools for specialized applications such as wafer bevel cleaning and advanced packaging.

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