ACM Research (NASDAQ:ACMR) Trading Down 4.6% – Time to Sell?

ACM Research, Inc. (NASDAQ:ACMR)’s stock price fell 4.6% during mid-day trading on Thursday . The company traded as low as $67.21 and last traded at $66.65. Approximately 60,247 shares changed hands during trading, a decline of 96% from the average daily volume of 1,407,064 shares. The stock had previously closed at $69.90.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ACMR. Roth Capital set a $125.00 price objective on ACM Research and gave the company a “buy” rating in a research report on Wednesday, June 17th. Wall Street Zen upgraded shares of ACM Research from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. 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 target on the stock. Zacks Research upgraded shares of ACM Research from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. Finally, Craig Hallum reissued a “buy” rating and set a $100.00 price objective on shares of ACM Research in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. Based on data from MarketBeat.com, ACM Research currently has a consensus rating of “Buy” and a consensus price target of $122.75.

ACM Research Trading Down 0.6%

The stock has a market capitalization of $4.49 billion, a PE ratio of 33.05 and a beta of 1.96. The company has a current ratio of 3.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.08. The stock has a 50 day moving average price of $87.06 and a 200-day moving average price of $71.26.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings data on Friday, August 7th. The specialty retailer reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.19. ACM Research had a return on equity of 4.08% and a net margin of 14.48%.The company had revenue of $292.92 million during the quarter, compared to analysts’ expectations of $269.28 million. During the same quarter in the prior year, the business earned $0.54 earnings per share. ACM Research’s revenue for the quarter was up 36.0% compared to the same quarter last year. Sell-side analysts expect that ACM Research, Inc. will post 1.68 earnings per share for the current year.

Insider Activity

In other news, Director Haiping Dun sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $81.13, for a total value of $405,650.00. Following the transaction, the director owned 5,000 shares in the company, valued at $405,650. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Sotheara Cheav sold 5,399 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $83.18, for a total transaction of $449,088.82. Following the completion of the transaction, the insider directly owned 100,002 shares in the company, valued at approximately $8,318,166.36. The trade was a 5.12% decrease in their position. The SEC filing for this sale provides additional information. 24.36% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ACMR. Farther Finance Advisors LLC lifted its position in ACM Research by 90.1% during the fourth quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 308 shares in the last quarter. Hantz Financial Services Inc. increased its position in ACM Research by 266.7% in the fourth 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. Leonteq Securities AG bought a new position in shares of ACM Research in the fourth quarter worth about $28,000. EverSource Wealth Advisors LLC raised its stake in shares of ACM Research by 656.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock worth $33,000 after buying an additional 1,122 shares during the period. Finally, NewEdge Advisors LLC raised its stake in shares of ACM Research by 381.0% in the first quarter. NewEdge Advisors LLC now owns 1,087 shares of the specialty retailer’s stock worth $43,000 after buying an additional 861 shares during the period. Hedge funds and other institutional investors own 66.75% of the company’s stock.

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.