ACM Research (NASDAQ:ACMR) Trading Up 3.4%

Shares of ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) shot up 3.4% on Monday . The company traded as high as $29.62 and last traded at $29.58. 105,735 shares traded hands during trading, a decline of 94% from the average session volume of 1,687,003 shares. The stock had previously closed at $28.61.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ACMR. Roth Mkm boosted their price objective on ACM Research from $20.00 to $25.00 and gave the stock a "buy" rating in a research report on Wednesday, January 10th. Needham & Company LLC boosted their price objective on ACM Research from $24.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, February 28th. The Goldman Sachs Group upgraded ACM Research from a "neutral" rating to a "buy" rating and set a $39.00 price objective on the stock in a research report on Thursday, February 29th. Finally, Benchmark lifted their target price on ACM Research from $35.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, March 6th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $31.88.

ACM Research Price Performance

The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 24.11 and a beta of 1.39. The company has a fifty day simple moving average of $26.39 and a 200 day simple moving average of $20.94. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.26 and a current ratio of 2.35.

ACM Research (NASDAQ:ACMR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.27. The company had revenue of $170.30 million for the quarter, compared to the consensus estimate of $149.54 million. ACM Research had a return on equity of 9.23% and a net margin of 13.87%. The firm's revenue was up 57.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.15 EPS. Equities research analysts forecast that ACM Research, Inc. will post 1.22 EPS for the current fiscal year.

Insider Activity

In other news, Director Tracy Liu sold 12,500 shares of the business's stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $25.20, for a total value of $315,000.00. Following the transaction, the director now directly owns 110,772 shares of the company's stock, valued at approximately $2,791,454.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Sotheara Cheav sold 5,000 shares of the business's stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $29.09, for a total value of $145,450.00. Following the completion of the sale, the insider now directly owns 105,002 shares of the company's stock, valued at approximately $3,054,508.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tracy Liu sold 12,500 shares of the business's stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $25.20, for a total value of $315,000.00. Following the completion of the sale, the director now directly owns 110,772 shares of the company's stock, valued at $2,791,454.40. The disclosure for this sale can be found here. Insiders have sold 149,434 shares of company stock valued at $4,375,572 in the last ninety days. 33.63% of the stock is owned by company insiders.

Institutional Trading of ACM Research

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in ACM Research by 10.9% in the 3rd quarter. Vanguard Group Inc. now owns 4,082,835 shares of the specialty retailer's stock valued at $73,920,000 after buying an additional 399,854 shares in the last quarter. BlackRock Inc. increased its position in ACM Research by 6.2% in the 2nd quarter. BlackRock Inc. now owns 3,429,451 shares of the specialty retailer's stock valued at $44,857,000 after buying an additional 201,298 shares in the last quarter. Goldman Sachs Group Inc. increased its position in ACM Research by 363.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,053,683 shares of the specialty retailer's stock valued at $34,564,000 after buying an additional 1,610,702 shares in the last quarter. Ariose Capital Management Ltd increased its holdings in ACM Research by 163.8% during the 4th quarter. Ariose Capital Management Ltd now owns 1,980,671 shares of the specialty retailer's stock worth $38,702,000 after purchasing an additional 1,229,839 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in ACM Research by 1,133.6% during the 4th quarter. Millennium Management LLC now owns 1,843,704 shares of the specialty retailer's stock worth $14,215,000 after purchasing an additional 1,694,246 shares in the last quarter. 66.75% of the stock is owned by institutional investors.

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.