ACM Research (NASDAQ:ACMR) Trading Down 5.4%

Shares of ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) fell 5.4% during trading on Friday . The company traded as low as $25.39 and last traded at $25.94. 554,905 shares were traded during trading, a decline of 67% from the average session volume of 1,658,906 shares. The stock had previously closed at $27.41.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ACMR. The Goldman Sachs Group raised 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 note on Thursday, February 29th. Roth Mkm lifted their target price on shares of ACM Research from $20.00 to $25.00 and gave the stock a "buy" rating in a research note on Wednesday, January 10th. Needham & Company LLC lifted their target price 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, Benchmark lifted their target price 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. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, ACM Research currently has a consensus rating of "Buy" and a consensus target price of $31.88.

ACM Research Stock Down 8.8 %

The business's 50 day moving average price is $27.08 and its 200-day moving average price is $21.11. The firm has a market capitalization of $1.40 billion, a PE ratio of 21.62 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.

ACM Research (NASDAQ:ACMR - Get Free Report) last released its quarterly earnings results 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 business had revenue of $170.30 million for 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 business's revenue was up 57.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.15 EPS. As a group, equities research analysts forecast that ACM Research, Inc. will post 1.22 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Lisa Feng sold 7,500 shares of the company's stock in a transaction that occurred 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 sale, the insider now directly owns 50,001 shares of the company's stock, valued at approximately $1,260,025.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Lisa Feng sold 7,500 shares of the company's stock in a transaction that occurred 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 sale, the insider now directly owns 50,001 shares of the company's stock, valued at approximately $1,260,025.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Haiping Dun sold 15,000 shares of the company's stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $30.36, for a total transaction of $455,400.00. Following the sale, the director now directly owns 874,524 shares in the company, valued at $26,550,548.64. The disclosure for this sale can be found here. Insiders have sold a total of 149,434 shares of company stock valued at $4,375,572 in the last ninety days. Company insiders own 33.63% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Spire Wealth Management acquired a new position in ACM Research during the 3rd quarter worth approximately $27,000. Advisor Group Holdings Inc. grew its holdings in ACM Research by 166.4% during the 1st quarter. Advisor Group Holdings Inc. now owns 1,500 shares of the specialty retailer's stock worth $31,000 after acquiring an additional 937 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in ACM Research by 210.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 1,752 shares of the specialty retailer's stock worth $39,000 after acquiring an additional 1,188 shares in the last quarter. Federated Hermes Inc. acquired a new position in ACM Research during the 3rd quarter worth approximately $46,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of 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 valued at $52,000 after buying an additional 2,670 shares in the last quarter. Institutional investors and hedge funds own 66.75% of the company's stock.

ACM Research Company Profile

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.