ACM Research (NASDAQ:ACMR) Sets New 1-Year High – Should You Buy?

ACM Research, Inc. (NASDAQ:ACMR)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $56.45 and last traded at $56.1080, with a volume of 609880 shares changing hands. The stock had previously closed at $53.95.

Wall Street Analysts Forecast Growth

ACMR has been the subject of a number of recent analyst reports. Zacks Research raised ACM Research from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Roth Mkm restated a “buy” rating and set a $40.00 target price on shares of ACM Research in a report on Wednesday, November 5th. Finally, Weiss Ratings raised ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.00.

ACM Research Trading Up 6.3%

The company has a market cap of $3.48 billion, a P/E ratio of 33.79 and a beta of 1.46. The company has a quick ratio of 2.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.10. The business has a 50-day moving average price of $43.15 and a two-hundred day moving average price of $36.47.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings results on Wednesday, November 5th. The specialty retailer reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.11). The firm had revenue of $269.16 million during the quarter, compared to the consensus estimate of $251.72 million. ACM Research had a net margin of 13.30% and a return on equity of 7.11%. ACM Research’s revenue was up 32.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.63 EPS. On average, analysts predict that ACM Research, Inc. will post 1.17 EPS for the current year.

Insider Activity at ACM Research

In other ACM Research news, insider Fuping Chen sold 100,000 shares of the company’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $33.20, for a total transaction of $3,320,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lisa Feng sold 15,000 shares of the stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $33.77, for a total value of $506,550.00. Following the completion of the transaction, the insider directly owned 50,001 shares in the company, valued at approximately $1,688,533.77. This trade represents a 23.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 265,000 shares of company stock worth $8,849,150 over the last ninety days. Company insiders own 25.00% of the company’s stock.

Institutional Investors Weigh In On ACM Research

A number of institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in ACM Research by 38.8% during the fourth quarter. GAMMA Investing LLC now owns 1,070 shares of the specialty retailer’s stock worth $42,000 after buying an additional 299 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of ACM Research by 90.1% in the 4th quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 308 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of ACM Research by 2.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 17,291 shares of the specialty retailer’s stock valued at $700,000 after acquiring an additional 343 shares during the period. SBI Securities Co. Ltd. boosted its stake in ACM Research by 78.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock worth $33,000 after acquiring an additional 367 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in ACM Research by 2.5% during the third quarter. Arizona State Retirement System now owns 15,649 shares of the specialty retailer’s stock valued at $612,000 after purchasing an additional 386 shares during the period. 66.75% of the stock is owned by institutional investors and hedge funds.

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.