ACM Research (NASDAQ:ACMR) Shares Up 4.8% - What's Next?

Key Points

• ACM Research shares rose 4.8% to about $79.40, above its 50-day moving average of $77.68 and 200-day average of $72.17, though trading volume was 61% below average.
• Analysts remain bullish, with a consensus “Buy” rating and an average price target of $122.75; recent targets range from $100 to $136.
• The company exceeded quarterly expectations, reporting $0.61 in EPS versus $0.42 expected and revenue of $292.92 million, up 36% year over year. However, insiders recently sold shares, while institutional investors own 66.75% of the stock.

ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) shares traded up 4.8% during trading on Wednesday . The company traded as high as $78.29 and last traded at $79.4030. Approximately 540,634 shares were traded during mid-day trading, a decline of 61% from the average session volume of 1,377,156 shares. The stock had previously closed at $75.80.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Weiss Ratings raised ACM Research from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. Craig Hallum reiterated a "buy" rating and set a $100.00 price target on shares of ACM Research in a research report on Monday, August 10th. Zacks Research raised shares of ACM Research from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 17th. Roth Capital set a $125.00 price objective on ACM Research and gave the stock a "buy" rating in a research note on Wednesday, June 17th. Finally, Daiwa Securities Group started coverage on ACM Research in a research note on Wednesday, August 26th. They issued a "buy" rating and a $136.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $122.75.

ACM Research Price Performance

The company has a 50-day moving average of $77.68 and a 200-day moving average of $72.17. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.66 and a current ratio of 3.66. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 38.45 and a beta of 1.96.

ACM Research (NASDAQ:ACMR - Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The specialty retailer reported $0.61 earnings per share 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 analyst estimates of $269.28 million. During the same quarter in the previous year, the firm posted $0.54 earnings per share. The business's revenue was up 36.0% on a year-over-year basis. As a group, research analysts anticipate that ACM Research, Inc. will post 1.68 EPS for the current fiscal year.

Insider Transactions at ACM Research

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ACMR. WCM Investment Management LLC lifted its position in ACM Research by 16,878.8% during the first quarter. WCM Investment Management LLC now owns 1,860,874 shares of the specialty retailer's stock worth $70,583,000 after purchasing an additional 1,849,914 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of ACM Research by 207.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 719,023 shares of the specialty retailer's stock worth $28,286,000 after acquiring an additional 485,282 shares in the last quarter. Penn Capital Management Company LLC bought a new position in ACM Research in the fourth quarter valued at approximately $17,212,000. Bank of New York Mellon Corp acquired a new position in ACM Research during the second quarter valued at approximately $41,402,000. Finally, Wellington Management Group LLP bought a new stake in ACM Research during the second quarter worth $22,204,000. Institutional investors own 66.75% of the company's stock.

ACM Research Company Profile

ACM Research, Inc develops, manufactures and sells equipment used in semiconductor manufacturing and advanced packaging. Its products are designed for wafer processing steps that help semiconductor manufacturers clean, prepare and deposit materials on silicon wafers and other substrates.

The company's product portfolio includes single-wafer cleaning systems, wet-processing equipment, electrochemical deposition systems, furnace systems and equipment for advanced packaging applications. Its cleaning technologies include the Space Alternated Phase Shift (SAPS) and Tahoe platforms, which are intended to remove contaminants and residues while supporting the production of increasingly complex semiconductor devices.

Founded in 1998, ACM Research is headquartered in Fremont, California, and serves semiconductor manufacturers and other customers through operations and facilities in the United States, China and other international markets.

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