ACM Research (NASDAQ:ACMR) Trading Down 3.8% – Should You Sell?

ACM Research, Inc. (NASDAQ:ACMR)’s stock price was down 3.8% during mid-day trading on Friday . The company traded as low as $41.22 and last traded at $41.69. Approximately 279,018 shares were traded during trading, a decline of 82% from the average daily volume of 1,548,132 shares. The stock had previously closed at $43.32.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ACMR shares. Roth Capital reissued a “buy” rating and set a $50.00 target price (up previously from $40.00) on shares of ACM Research in a research note on Monday, September 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of ACM Research in a research note on Saturday, September 27th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, ACM Research has an average rating of “Moderate Buy” and an average target price of $32.25.

ACM Research Stock Down 4.1%

The stock has a market cap of $2.46 billion, a P/E ratio of 25.19 and a beta of 1.42. The company has a current ratio of 2.45, a quick ratio of 1.49 and a debt-to-equity ratio of 0.14. The firm’s fifty day moving average is $30.67 and its 200 day moving average is $26.37.

ACM Research (NASDAQ:ACMR) last announced its earnings results on Wednesday, August 6th. The specialty retailer reported $0.54 EPS for the quarter, topping the consensus estimate of $0.42 by $0.12. ACM Research had a net margin of 13.76% and a return on equity of 9.57%. The firm had revenue of $215.37 million for the quarter, compared to the consensus estimate of $223.42 million. During the same quarter last year, the firm posted $0.55 EPS. The business’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, equities research analysts forecast that ACM Research, Inc. will post 1.17 EPS for the current year.

Insider Activity at ACM Research

In other news, insider Lisa Feng sold 15,000 shares of the business’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $28.00, for a total transaction of $420,000.00. Following the transaction, the insider owned 50,001 shares in the company, valued at approximately $1,400,028. The trade was a 23.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Tracy Liu sold 15,000 shares of the business’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $33.00, for a total transaction of $495,000.00. Following the transaction, the director owned 110,772 shares in the company, valued at approximately $3,655,476. The trade was a 11.93% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 286,152 shares of company stock worth $8,419,160. Insiders own 25.00% of the company’s stock.

Institutional Trading of ACM Research

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ACMR. KBC Group NV bought a new stake in ACM Research in the first quarter valued at about $29,000. EverSource Wealth Advisors LLC increased its stake in ACM Research by 656.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 1,122 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in ACM Research by 871.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 4,673 shares of the specialty retailer’s stock valued at $109,000 after acquiring an additional 4,192 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in ACM Research in the first quarter valued at about $114,000. Finally, Headlands Technologies LLC bought a new stake in ACM Research in the second quarter valued at about $114,000. Institutional investors 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.