ACM Research (NASDAQ:ACMR) Trading Down 4.6% - Should You Sell?

Key Points

• ACM Research shares fell 4.6% to $66.65 in thin trading, well below their 50-day moving average of $87.06 but near the 200-day average of $71.26.
• Analysts remain bullish, with a consensus “Buy” rating and an average price target of $122.75, implying substantial upside from the trading price.
• The company exceeded quarterly expectations, reporting $0.61 in earnings per share versus $0.42 expected and $292.9 million in revenue, up 36% year over year; however, insiders recently sold shares while institutions own 66.75% of the stock.

ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) was down 4.6% during mid-day trading on Thursday . The stock traded as low as $67.21 and last traded at $66.65. 60,247 shares changed hands during trading, a decline of 96% from the average daily volume of 1,407,064 shares. The stock had previously closed at $69.90.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Craig Hallum restated a "buy" rating and issued a $100.00 price objective on shares of ACM Research in a report on Monday, August 10th. Weiss Ratings raised ACM Research from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. Roth Capital set a $125.00 target price on ACM Research and gave the company a "buy" rating in a research note on Wednesday, June 17th. Morgan Stanley restated an "overweight" rating and set a $130.00 price target (up from $90.00) on shares of ACM Research in a research report on Tuesday, June 23rd. Finally, Zacks Research upgraded ACM Research from a "hold" rating to a "strong-buy" rating in a report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $122.75.

ACM Research Trading Down 0.6%

The firm has a market cap of $4.49 billion, a PE ratio of 33.05 and a beta of 1.96. The company has a quick ratio of 2.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.08. The stock's fifty day simple moving average is $87.06 and its two-hundred day simple moving average is $71.26.

ACM Research (NASDAQ:ACMR - Get Free Report) last announced its 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. The business had revenue of $292.92 million during the quarter, compared to the consensus estimate of $269.28 million. ACM Research had a net margin of 14.48% and a return on equity of 4.08%. The business's revenue for the quarter was up 36.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 earnings per share. On average, sell-side analysts forecast that ACM Research, Inc. will post 1.68 EPS for the current fiscal year.

Insider Buying and Selling at ACM Research

In other news, Director Haiping Dun sold 5,000 shares of ACM Research stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $81.13, for a total value of $405,650.00. Following the completion of the transaction, the director owned 5,000 shares of the company's stock, valued at $405,650. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sotheara Cheav sold 5,399 shares of ACM Research stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $83.18, for a total value of $449,088.82. Following the completion of the transaction, the insider directly owned 100,002 shares of the company's stock, valued at approximately $8,318,166.36. This represents a 5.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 24.36% of the company's stock.

Institutional Trading of ACM Research

A number of institutional investors and hedge funds have recently bought and sold shares of ACMR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of ACM Research by 10.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,061 shares of the specialty retailer's stock worth $748,000 after buying an additional 3,065 shares in the last quarter. Caxton Associates LLP purchased a new position in ACM Research in the 1st quarter worth approximately $250,000. Strs Ohio bought a new position in ACM Research in the 1st quarter valued at approximately $133,000. Creative Planning bought a new position in ACM Research in the 2nd quarter valued at approximately $212,000. Finally, Norges Bank bought a new position in ACM Research in the 2nd quarter valued at approximately $739,000. 66.75% of the stock is currently owned by institutional investors.

ACM Research Company Profile

ACM Research, Inc NASDAQ: ACMR designs, develops and markets wet processing equipment for the semiconductor industry. The company focuses on advanced wafer cleaning technologies that address critical contamination-control requirements for logic, memory and advanced packaging applications. Since its founding in 2003, ACM Research has engineered modular platform tools that can be configured for a range of spin, scrub and batch cleaning processes.

Its product portfolio encompasses single-wafer spin cleaning systems featuring high-purity megasonic capabilities, dynamic chemical scrubbing modules for post-CMP residue removal and batch-process cleaning equipment designed for high-throughput production environments.

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