ACM Research (NASDAQ:ACMR) Stock Price Down 6.3% – Time to Sell?

ACM Research, Inc. (NASDAQ:ACMR)’s share price fell 6.3% during trading on Tuesday. The stock traded as low as $64.68 and last traded at $63.7890. Approximately 183,065 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 1,375,325 shares. The stock had previously closed at $68.10.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ACMR. Craig Hallum reissued a “buy” rating and issued a $100.00 price target on shares of ACM Research in a research note on Monday, August 10th. Roth Capital set a $125.00 price target on shares of ACM Research and gave the company a “buy” rating in a research report on Wednesday, June 17th. Zacks Research lowered ACM Research from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Weiss Ratings upgraded shares of ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 9th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $130.00 target price (up from $90.00) on shares of ACM Research in a research report on Tuesday, June 23rd. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, ACM Research currently has an average rating of “Moderate Buy” and an average target price of $122.75.

ACM Research Price Performance

The company has a debt-to-equity ratio of 0.08, a current ratio of 3.66 and a quick ratio of 2.66. The firm has a market capitalization of $3.95 billion, a PE ratio of 54.94 and a beta of 2.09. The business’s 50 day moving average is $75.25 and its two-hundred day moving average is $75.39.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings results on Friday, August 7th. The specialty retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.42 by $0.19. The firm had revenue of $292.92 million for 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 was up 36.0% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share. As a group, research analysts anticipate that ACM Research, Inc. will post 1.68 EPS for the current year.

Insider Activity at ACM Research

In other news, Director Haiping Dun sold 5,000 shares of ACM Research stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $81.13, for a total transaction of $405,650.00. Following the completion of the transaction, the director directly owned 5,000 shares in the company, valued at approximately $405,650. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David H. Wang sold 70,000 shares of ACM Research stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $74.59, for a total value of $5,221,300.00. Following the transaction, the insider owned 802,708 shares of the company’s stock, valued at $59,873,989.72. The trade was a 8.02% decrease in their position. The SEC filing for this sale provides additional information. 24.36% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ACMR. ProCore Advisors LLC boosted its stake in shares of ACM Research by 6.0% in the third quarter. ProCore Advisors LLC now owns 4,461 shares of the specialty retailer’s stock worth $361,000 after acquiring an additional 251 shares during the period. Contravisory Investment Management Inc. raised its stake in ACM Research by 10.0% during the third quarter. Contravisory Investment Management Inc. now owns 5,739 shares of the specialty retailer’s stock valued at $464,000 after purchasing an additional 523 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of ACM Research by 19.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,713 shares of the specialty retailer’s stock worth $139,000 after buying an additional 273 shares during the last quarter. Congress Asset Management Co. raised its position in shares of ACM Research by 23.8% during the 3rd quarter. Congress Asset Management Co. now owns 277,150 shares of the specialty retailer’s stock valued at $22,427,000 after buying an additional 53,295 shares in the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new position in ACM Research in the second quarter worth about $332,000. Institutional investors own 66.75% of the company’s stock.

About ACM Research

ACM Research, Inc (NASDAQ: ACMR) develops, manufactures and sells semiconductor wafer-processing equipment used by integrated device manufacturers, foundries and advanced packaging companies. Its systems are designed to support processes involved in producing semiconductor devices, including wafer cleaning, surface preparation and related fabrication steps.

The company’s product portfolio includes single-wafer cleaning systems, batch wafer-cleaning equipment, wet-processing systems and tools for specialized applications such as wafer bevel cleaning and advanced packaging.