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. The company markets and sells its products under the Ultra C brand name through direct sales force and third-party representatives. ACM Research, Inc. was incorporated in 1998 and is headquartered in Fremont, California.
ACM Research Stock Performance
NASDAQ:ACMR traded up $0.33 during trading on Friday, reaching $19.49. 512,013 shares of the company's stock were exchanged, compared to its average volume of 848,573. ACM Research has a fifty-two week low of $11.23 and a fifty-two week high of $39.71. The stock has a market capitalization of $1.06 billion, a P/E ratio of 40.89 and a beta of 0.63. The business has a 50 day moving average price of $16.05 and a 200-day moving average price of $18.66. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.56 and a quick ratio of 2.59.
ACM Research (NASDAQ:ACMR - Get Rating) last released its earnings results on Friday, August 5th. The specialty retailer reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.19. ACM Research had a return on equity of 5.82% and a net margin of 10.42%. The firm had revenue of $104.40 million during the quarter, compared to analysts' expectations of $72.28 million. During the same period in the prior year, the company earned $0.04 earnings per share. The company's quarterly revenue was up 93.7% on a year-over-year basis. Sell-side analysts forecast that ACM Research will post 0.59 earnings per share for the current fiscal year.
Analysts Set New Price Targets
ACMR has been the topic of several recent analyst reports. The Goldman Sachs Group lowered ACM Research from a "buy" rating to a "neutral" rating and dropped their price target for the company from $44.00 to $20.00 in a research report on Sunday, May 8th. Craig Hallum upped their target price on ACM Research to $25.00 in a research report on Tuesday, August 9th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $34.17.
Insiders Place Their Bets
In other news, Director Haiping Dun sold 36,150 shares of the company's stock in a transaction on Friday, May 27th. The shares were sold at an average price of $15.00, for a total transaction of $542,250.00. Following the completion of the transaction, the director now directly owns 855,090 shares in the company, valued at $12,826,350. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 33.96% of the company's stock.