ACM Research (NASDAQ:ACMR) Hits New 1-Year High – Here’s What Happened

ACM Research, Inc. (NASDAQ:ACMR) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $86.50 and last traded at $86.46, with a volume of 3613048 shares. The stock had previously closed at $73.35.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Weiss Ratings upgraded ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Seaport Research Partners initiated coverage on ACM Research in a research report on Monday, May 4th. They set a “buy” rating and a $75.00 target price on the stock. Wall Street Zen upgraded ACM Research from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Zacks Research downgraded ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $40.00.

ACM Research Price Performance

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 company has a 50-day moving average price of $52.84 and a 200-day moving average price of $48.79. The firm has a market capitalization of $5.29 billion, a PE ratio of 66.00 and a beta of 1.82.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $215.69 million. During the same period in the prior year, the business earned $0.46 earnings per share. The business’s revenue was up 34.2% on a year-over-year basis. Sell-side analysts forecast that ACM Research, Inc. will post 1.2 EPS for the current year.

Insider Buying and Selling

In related news, Director Charles C. Pappis sold 5,000 shares of the stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $52.00, for a total transaction of $260,000.00. Following the transaction, the director directly owned 5,000 shares in the company, valued at approximately $260,000. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Tracy Liu sold 45,000 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $47.38, for a total value of $2,132,100.00. Following the transaction, the director owned 110,772 shares in the company, valued at $5,248,377.36. This trade represents a 28.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 70,000 shares of company stock worth $3,441,850. 25.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On ACM Research

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in ACM Research by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 4,972,103 shares of the specialty retailer’s stock worth $196,149,000 after buying an additional 125,690 shares during the period. LSV Asset Management lifted its position in ACM Research by 462.9% during the third quarter. LSV Asset Management now owns 2,504,305 shares of the specialty retailer’s stock worth $97,993,000 after buying an additional 2,059,405 shares during the period. Triata Capital Ltd increased its stake in ACM Research by 26.0% during the third quarter. Triata Capital Ltd now owns 2,003,225 shares of the specialty retailer’s stock worth $78,386,000 after acquiring an additional 413,000 shares during the last quarter. WCM Investment Management LLC increased its stake in ACM Research by 16,878.8% during the first quarter. WCM Investment Management LLC now owns 1,860,874 shares of the specialty retailer’s stock worth $70,583,000 after acquiring an additional 1,849,914 shares during the last quarter. Finally, Morgan Stanley increased its stake in ACM Research by 58.8% during the fourth quarter. Morgan Stanley now owns 1,392,306 shares of the specialty retailer’s stock worth $54,926,000 after acquiring an additional 515,340 shares during the last quarter. 66.75% of the stock is currently owned by hedge funds and other institutional investors.

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.