ACM Research, Inc. (NASDAQ:ACMR) Stock Has Average Target Price of $122.75

Shares of ACM Research, Inc. (NASDAQ:ACMR) have been given an average recommendation of “Buy” by the six brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $122.75.

ACMR has been the subject of several recent analyst reports. Daiwa Securities Group assumed coverage on shares of ACM Research in a report on Wednesday, August 26th. They set a “buy” rating and a $136.00 price objective for the company. Morgan Stanley reissued 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 price objective on shares of ACM Research and gave the stock a “buy” rating in a report on Wednesday, June 17th. Zacks Research upgraded shares of ACM Research from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Finally, Craig Hallum reissued a “buy” rating and issued a $100.00 price target on shares of ACM Research in a report on Monday, August 10th.

ACM Research Stock Performance

Shares of NASDAQ:ACMR opened at $83.38 on Thursday. 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 business’s fifty day moving average price is $76.35 and its two-hundred day moving average price is $73.80. ACM Research has a fifty-two week low of $28.46 and a fifty-two week high of $127.19. The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of 39.70 and a beta of 2.09.

ACM Research (NASDAQ:ACMR) last issued its earnings results on Friday, August 7th. The specialty retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.42 by $0.19. The company 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 firm’s revenue for the quarter was up 36.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.54 EPS. As a group, analysts predict that ACM Research will post 1.68 EPS for the current fiscal year.

Insider Buying and Selling at ACM Research

In other news, Director Haiping Dun sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $81.13, for a total transaction of $405,650.00. Following the transaction, the director owned 5,000 shares of the company’s stock, valued at $405,650. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David Wang sold 70,000 shares of ACM Research stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $74.59, for a total value of $5,221,300.00. Following the completion of the sale, the insider owned 802,708 shares of the company’s stock, valued at approximately $59,873,989.72. The trade was a 8.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 24.36% of the company’s stock.

Institutional Investors Weigh In On ACM Research

Institutional investors have recently modified their holdings of the business. Contravisory Investment Management Inc. raised its position in ACM Research by 2.3% in the 2nd quarter. Contravisory Investment Management Inc. now owns 5,216 shares of the specialty retailer’s stock valued at $662,000 after buying an additional 115 shares during the last quarter. GAMMA Investing LLC grew its position in ACM Research by 14.5% in the second quarter. GAMMA Investing LLC now owns 1,440 shares of the specialty retailer’s stock valued at $183,000 after purchasing an additional 182 shares in the last quarter. First Growth Capital LLC increased its stake in ACM Research by 5.4% in the 1st quarter. First Growth Capital LLC now owns 5,598 shares of the specialty retailer’s stock valued at $226,000 after buying an additional 285 shares during the last quarter. Hantz Financial Services Inc. lifted its position in ACM Research by 266.7% during the 4th quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock worth $26,000 after buying an additional 480 shares in the last quarter. Finally, Harbor Investment Advisory LLC boosted its stake in shares of ACM Research by 195.2% during the 2nd quarter. Harbor Investment Advisory LLC now owns 738 shares of the specialty retailer’s stock worth $94,000 after buying an additional 488 shares during the last quarter. Institutional investors and hedge funds 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.