ACM Research, Inc. (NASDAQ:ACMR) Receives Consensus Rating of “Hold” from Brokerages

Shares of ACM Research, Inc. (NASDAQ:ACMR) have received a consensus rating of “Hold” from the six research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $29.75.

Several equities analysts have recently commented on ACMR shares. Weiss Ratings lowered ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, November 7th. Roth Capital reissued a “buy” rating and issued a $40.00 target price on shares of ACM Research in a research note on Wednesday, November 5th. Finally, Zacks Research lowered ACM Research from a “hold” rating to a “strong sell” rating in a research note on Wednesday.

ACM Research Trading Down 1.2%

Shares of ACM Research stock opened at $32.26 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.45 and a quick ratio of 1.49. ACM Research has a 1 year low of $13.87 and a 1 year high of $45.12. The firm has a market cap of $1.93 billion, a PE ratio of 19.49 and a beta of 1.44. The company has a 50 day simple moving average of $36.81 and a two-hundred day simple moving average of $29.65.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings data on Wednesday, November 5th. The specialty retailer reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.11). ACM Research had a net margin of 13.76% and a return on equity of 9.57%. The company had revenue of $269.16 million for the quarter, compared to analysts’ expectations of $251.72 million. During the same quarter last year, the business posted $0.63 EPS. The business’s quarterly revenue was up 32.0% compared to the same quarter last year. ACM Research has set its FY 2025 guidance at EPS. Analysts expect that ACM Research will post 1.17 earnings per share for the current fiscal year.

Insider Activity

In other ACM Research news, insider David H. Wang sold 70,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $26.76, for a total transaction of $1,873,200.00. Following the completion of the transaction, the insider owned 672,708 shares of the company’s stock, valued at $18,001,666.08. This represents a 9.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Tracy Liu sold 15,000 shares of ACM Research stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $33.00, for a total value of $495,000.00. Following the completion of the sale, the director owned 110,772 shares in the company, valued at approximately $3,655,476. This represents a 11.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 256,152 shares of company stock worth $7,549,160 over the last ninety days. 25.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ACMR. Inspire Investing LLC bought a new stake in shares of ACM Research in the 1st quarter worth $655,000. Aberdeen Group plc bought a new stake in shares of ACM Research in the first quarter worth approximately $235,000. Pinpoint Asset Management Ltd increased its position in ACM Research by 14.4% in the first quarter. Pinpoint Asset Management Ltd now owns 122,428 shares of the specialty retailer’s stock worth $2,857,000 after buying an additional 15,382 shares in the last quarter. Bryce Point Capital LLC bought a new position in shares of ACM Research in the first quarter worth about $761,000. Finally, Triata Capital Ltd lifted its position in shares of ACM Research by 33.5% during the 1st quarter. Triata Capital Ltd now owns 1,371,125 shares of the specialty retailer’s stock valued at $32,002,000 after buying an additional 344,158 shares in the last quarter. 66.75% of the stock is owned by hedge funds and other institutional investors.

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.