ACM Research (NASDAQ:ACMR) Stock Falls 5.5% - Should You Sell?

Shares of ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) fell 5.5% during mid-day trading on Monday. The company traded as low as $79.20 and last traded at $78.7970. 463,368 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 1,377,679 shares. The stock had previously closed at $83.38.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ACMR. Roth Capital set a $125.00 price objective on shares of ACM Research and gave the company a "buy" rating in a research report on Wednesday, June 17th. Weiss Ratings downgraded shares of ACM Research from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, September 24th. Zacks Research raised ACM Research from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 17th. Morgan Stanley restated an "overweight" rating and set a $130.00 target price (up from $90.00) on shares of ACM Research in a report on Tuesday, June 23rd. Finally, Craig Hallum restated a "buy" rating and issued a $100.00 price objective on shares of ACM Research in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, ACM Research has an average rating of "Buy" and an average price target of $122.75.

ACM Research Price Performance

The stock has a market capitalization of $5.02 billion, a price-to-earnings ratio of 36.69 and a beta of 2.09. The company's 50-day simple moving average is $76.35 and its 200-day simple moving average is $73.99. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.66 and a quick ratio of 2.66.

ACM Research (NASDAQ:ACMR - Get Free Report) last posted its earnings results on Friday, August 7th. The specialty retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.42 by $0.19. The company had revenue of $292.92 million for the quarter, compared to the consensus estimate of $269.28 million. ACM Research had a return on equity of 4.08% and a net margin of 14.48%.The firm's revenue for the quarter was up 36.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 earnings per share. Research analysts forecast that ACM Research, Inc. will post 1.68 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ACM Research news, Director Haiping Dun sold 5,000 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $81.13, for a total transaction of $405,650.00. Following the transaction, the director owned 5,000 shares in the company, valued at $405,650. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David Wang sold 70,000 shares of ACM Research stock in a transaction 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 sale, the insider directly owned 802,708 shares of the company's stock, valued at $59,873,989.72. This represents a 8.02% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 24.36% of the company's stock.

Institutional Investors Weigh In On ACM Research

Several institutional investors have recently made changes to their positions in ACMR. Hantz Financial Services Inc. raised its position in ACM Research by 266.7% during the fourth quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer's stock valued at $26,000 after purchasing an additional 480 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of ACM Research by 381.0% during the 1st quarter. NewEdge Advisors LLC now owns 1,087 shares of the specialty retailer's stock valued at $43,000 after purchasing an additional 861 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in ACM Research during the first quarter worth $80,000. Harbor Investment Advisory LLC boosted its position in shares of ACM Research by 195.2% during the 2nd quarter. Harbor Investment Advisory LLC now owns 738 shares of the specialty retailer's stock worth $94,000 after purchasing an additional 488 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in ACM Research by 26.0% in the first quarter. Royal Bank of Canada now owns 4,118 shares of the specialty retailer's stock valued at $162,000 after acquiring an additional 849 shares during the period. 66.75% of the stock is currently owned by institutional investors.

About ACM Research

ACM Research, Inc NASDAQ: ACMR develops, manufactures and sells semiconductor wafer-processing equipment used by integrated device manufacturers, foundries and advanced packaging companies. Its systems are designed to support processes involved in producing semiconductor devices, including wafer cleaning, surface preparation and related fabrication steps.

The company's product portfolio includes single-wafer cleaning systems, batch wafer-cleaning equipment, wet-processing systems and tools for specialized applications such as wafer bevel cleaning and advanced packaging.

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