ACM Research (NASDAQ:ACMR) Shares Gap Up – What’s Next?

ACM Research, Inc. (NASDAQ:ACMR) gapped up before the market opened on Tuesday . The stock had previously closed at $39.97, but opened at $41.53. ACM Research shares last traded at $41.3610, with a volume of 426,926 shares trading hands.

Analyst Upgrades and Downgrades

ACMR has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ACM Research in a report on Monday, December 22nd. Zacks Research lowered shares of ACM Research from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 12th. Finally, Roth Capital reissued a “buy” rating and issued a $40.00 price objective on shares of ACM Research in a report on Wednesday, November 5th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, ACM Research currently has an average rating of “Moderate Buy” and a consensus price target of $38.00.

ACM Research Trading Up 5.2%

The stock’s 50-day simple moving average is $36.28 and its two-hundred day simple moving average is $32.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.48 and a quick ratio of 2.48. The firm has a market capitalization of $2.52 billion, a P/E ratio of 24.47 and a beta of 1.46.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings results on Wednesday, November 5th. The specialty retailer reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.11). ACM Research had a net margin of 13.30% and a return on equity of 7.11%. The business had revenue of $269.16 million for the quarter, compared to the consensus estimate of $251.72 million. During the same period in the prior year, the business earned $0.63 earnings per share. ACM Research’s revenue was up 32.0% compared to the same quarter last year. Equities research analysts expect that ACM Research, Inc. will post 1.17 EPS for the current year.

Insider Buying and Selling

In related news, insider David H. Wang sold 70,000 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $33.06, for a total transaction of $2,314,200.00. Following the completion of the transaction, the insider directly owned 802,708 shares of the company’s stock, valued at approximately $26,537,526.48. This trade represents a 8.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Lisa Feng sold 15,000 shares of the stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $33.77, for a total transaction of $506,550.00. Following the transaction, the insider directly owned 50,001 shares of the company’s stock, valued at $1,688,533.77. This trade represents a 23.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 265,000 shares of company stock worth $8,849,150. 25.00% of the stock is owned by insiders.

Institutional Trading of ACM Research

Hedge funds have recently modified their holdings of the company. Jones Financial Companies Lllp grew its holdings in shares of ACM Research by 206.8% in the third quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 515 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of ACM Research by 78.9% in the 3rd quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock worth $33,000 after buying an additional 367 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of ACM Research by 656.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock valued at $33,000 after buying an additional 1,122 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of ACM Research in the 2nd quarter valued at about $114,000. Finally, Strs Ohio purchased a new position in ACM Research in the first quarter worth about $133,000. 66.75% of the stock is 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.