ACM Research (NASDAQ:ACMR) Trading 6.7% Higher

Shares of ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) rose 6.7% during mid-day trading on Tuesday . The company traded as high as $27.49 and last traded at $27.48. Approximately 413,880 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 1,650,559 shares. The stock had previously closed at $25.75.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Benchmark upped their price target on shares of ACM Research from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, March 6th. The Goldman Sachs Group upgraded shares of ACM Research from a "neutral" rating to a "buy" rating and set a $39.00 target price on the stock in a research report on Thursday, February 29th. Roth Mkm increased their target price on shares of ACM Research from $20.00 to $25.00 and gave the stock a "buy" rating in a research report on Wednesday, January 10th. Finally, Needham & Company LLC increased their price target on shares of ACM Research from $24.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, February 28th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, ACM Research currently has an average rating of "Buy" and a consensus target price of $31.88.

ACM Research Stock Performance

The firm has a market cap of $1.54 billion, a P/E ratio of 23.41 and a beta of 1.39. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.26 and a current ratio of 2.35. The company's 50 day moving average is $27.52 and its 200 day moving average is $21.32.

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

Insider Activity at ACM Research

In other news, Director Tracy Liu sold 12,500 shares of the firm's stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $25.20, for a total transaction of $315,000.00. Following the completion of the transaction, the director now owns 110,772 shares of the company's stock, valued at $2,791,454.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Lisa Feng sold 7,500 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $25.20, for a total transaction of $189,000.00. Following the completion of the sale, the insider now directly owns 50,001 shares in the company, valued at $1,260,025.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Tracy Liu sold 12,500 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $25.20, for a total transaction of $315,000.00. Following the sale, the director now 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 sold a total of 149,434 shares of company stock valued at $4,375,572 in the last quarter. Insiders own 33.63% of the company's stock.

Institutional Investors Weigh In On ACM Research

A number of large investors have recently bought and sold shares of ACMR. Ariose Capital Management Ltd grew its holdings in ACM Research by 163.8% in the fourth 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 during the period. Panview Asian Equity Master Fund grew its holdings in shares of ACM Research by 264.7% during the fourth quarter. Panview Asian Equity Master Fund now owns 1,057,753 shares of the specialty retailer's stock valued at $20,668,000 after buying an additional 767,753 shares during the last quarter. Prelude Capital Management LLC acquired a new position in shares of ACM Research during the fourth quarter valued at about $8,640,000. Vanguard Group Inc. grew its holdings in shares of ACM Research by 10.9% during the third 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 during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of ACM Research by 1,084.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 286,424 shares of the specialty retailer's stock valued at $5,186,000 after buying an additional 262,235 shares during the last quarter. 66.75% of the stock is currently owned by institutional investors and hedge funds.

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.