ACM Research (NASDAQ:ACMR) Shares Gap Down – What’s Next?

ACM Research, Inc. (NASDAQ:ACMR) shares gapped down prior to trading on Thursday . The stock had previously closed at $91.96, but opened at $86.69. ACM Research shares last traded at $87.49, with a volume of 205,180 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ACMR shares. Seaport Research Partners started coverage on shares of ACM Research in a research note on Monday, May 4th. They issued a “buy” rating and a $75.00 target price for the company. Morgan Stanley restated an “overweight” rating and issued a $130.00 price objective (up from $90.00) on shares of ACM Research in a research note on Tuesday, June 23rd. Roth Capital set a $125.00 target price on ACM Research and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Zacks Research lowered ACM Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Wall Street Zen raised ACM Research from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $127.50.

ACM Research Stock Down 5.2%

The company has a market cap of $5.34 billion, a price-to-earnings ratio of 66.58 and a beta of 1.90. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.51 and a quick ratio of 2.52. The firm has a 50-day moving average price of $88.61 and a 200 day moving average price of $64.50.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings results on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.08. ACM Research had a return on equity of 4.17% and a net margin of 9.48%.The business had revenue of $231.26 million during the quarter, compared to the consensus estimate of $215.69 million. During the same period in the previous year, the company posted $0.46 EPS. The firm’s quarterly revenue was up 34.2% on a year-over-year basis. Sell-side analysts predict that ACM Research, Inc. will post 1.02 EPS for the current year.

Insider Buying and Selling at ACM Research

In other news, insider Sotheara Cheav sold 5,399 shares of ACM Research stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $83.18, for a total value of $449,088.82. Following the completion of the sale, the insider directly owned 100,002 shares in the company, valued at approximately $8,318,166.36. The trade was a 5.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles C. Pappis sold 5,000 shares of the stock in a transaction on Friday, April 17th. The stock was sold at an average price of $52.00, for a total value of $260,000.00. Following the sale, the director directly owned 5,000 shares in the company, valued at approximately $260,000. This trade represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 128,752 shares of company stock worth $11,012,198 over the last quarter. Company insiders own 24.36% of the company’s stock.

Institutional Trading of ACM Research

A number of hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its holdings in shares of ACM Research by 90.1% during the fourth quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 308 shares during the period. Hantz Financial Services Inc. raised its holdings in shares of ACM Research by 266.7% in the 4th quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 480 shares during the last quarter. Leonteq Securities AG acquired a new position in ACM Research during the 4th quarter valued at about $28,000. EverSource Wealth Advisors LLC raised its stake in shares of ACM Research by 656.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 1,122 shares during the last quarter. Finally, GAMMA Investing LLC grew 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 in the last quarter. Institutional investors and hedge funds own 66.75% of the company’s stock.

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.