ACM Research (NASDAQ:ACMR) Posts Earnings Results, Beats Expectations By $0.12 EPS

ACM Research (NASDAQ:ACMR) issued its quarterly earnings results on Wednesday. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.12, Zacks reports. ACM Research had a net margin of 12.38% and a return on equity of 9.07%.

ACM Research Stock Performance

ACMR stock traded up $4.66 during trading on Wednesday, hitting $27.60. 2,487,014 shares of the company’s stock traded hands, compared to its average volume of 1,518,898. The company has a quick ratio of 1.34, a current ratio of 2.37 and a debt-to-equity ratio of 0.10. ACM Research has a 52 week low of $13.87 and a 52 week high of $34.40. The stock has a fifty day moving average price of $18.91 and a two-hundred day moving average price of $18.53. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 20.91 and a beta of 1.58.

Insider Buying and Selling at ACM Research

In other ACM Research news, insider Sotheara Cheav sold 22,598 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $23.00, for a total transaction of $519,754.00. Following the completion of the sale, the insider now owns 100,002 shares in the company, valued at $2,300,046. The trade was a 18.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 31.24% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on ACMR shares. Needham & Company LLC lowered shares of ACM Research from a “buy” rating to a “hold” rating and set a $25.00 price target for the company. in a research note on Wednesday, December 4th. Craig Hallum lowered shares of ACM Research from a “buy” rating to a “hold” rating and dropped their price target for the stock from $30.00 to $18.00 in a research note on Thursday, December 5th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $30.00.

About ACM Research

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.