ACM Research (NASDAQ:ACMR) Shares Down 4.6%

ACM Research, Inc. (NASDAQ:ACMR - Get Free Report)'s share price was down 4.6% on Tuesday . The stock traded as low as $29.66 and last traded at $29.75. Approximately 386,059 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 1,723,502 shares. The stock had previously closed at $31.19.

Analyst Ratings Changes

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

ACM Research Stock Down 4.6 %

The company has a quick ratio of 1.26, a current ratio of 2.35 and a debt-to-equity ratio of 0.06. The firm has a market cap of $1.67 billion, a P/E ratio of 25.44 and a beta of 1.39. The stock's 50-day simple moving average is $25.41 and its 200 day simple moving average is $20.61.

ACM Research (NASDAQ:ACMR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The specialty retailer reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.27. ACM Research had a net margin of 13.87% and a return on equity of 9.23%. The business had revenue of $170.30 million for the quarter, compared to analysts' expectations of $149.54 million. During the same quarter in the prior year, the firm posted $0.15 earnings per share. The business's quarterly revenue was up 57.0% compared to the same quarter last year. As a group, 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 company's stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $25.20, for a total transaction of $315,000.00. Following the transaction, the director now owns 110,772 shares in the company, valued at $2,791,454.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Sotheara Cheav sold 5,000 shares of the company's stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $29.09, for a total value of $145,450.00. Following the sale, the insider now owns 105,002 shares in the company, valued at approximately $3,054,508.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tracy Liu sold 12,500 shares of the company's stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $25.20, for a total transaction of $315,000.00. Following the completion of the sale, the director now owns 110,772 shares in the company, valued at approximately $2,791,454.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 159,434 shares of company stock worth $4,595,572. Company insiders own 33.63% of the company's stock.

Institutional Investors Weigh In On ACM Research

A number of institutional investors and hedge funds have recently made changes to their positions in ACMR. Spire Wealth Management bought a new position in ACM Research in the 3rd quarter worth approximately $27,000. Advisor Group Holdings Inc. lifted its stake in ACM Research by 166.4% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,500 shares of the specialty retailer's stock worth $31,000 after purchasing an additional 937 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in ACM Research by 210.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 1,752 shares of the specialty retailer's stock worth $39,000 after purchasing an additional 1,188 shares in the last quarter. Federated Hermes Inc. purchased a new stake in ACM Research in the 3rd quarter worth approximately $46,000. Finally, Tower Research Capital LLC TRC lifted its stake in ACM Research by 205.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,968 shares of the specialty retailer's stock worth $52,000 after purchasing an additional 2,670 shares in the last quarter. Institutional investors and hedge funds own 66.75% of the company's stock.

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.