Brokerages Set ACM Research, Inc. (NASDAQ:ACMR) Target Price at $38.00

ACM Research, Inc. (NASDAQ:ACMR) has received a consensus recommendation of “Hold” from the six analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $38.00.

A number of research firms recently weighed in on ACMR. Roth Capital restated a “buy” rating and issued a $40.00 price target on shares of ACM Research in a research note on Wednesday, November 5th. Weiss Ratings restated a “hold (c+)” rating on shares of ACM Research in a research note on Monday. Finally, Zacks Research lowered shares of ACM Research from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 12th.

Insider Buying and Selling

In other ACM Research news, insider Jian Wang sold 30,000 shares of the company’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $35.00, for a total value of $1,050,000.00. Following the transaction, the insider directly owned 253,158 shares of the company’s stock, valued at $8,860,530. This represents a 10.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Fuping Chen sold 100,000 shares of the stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $33.20, for a total value of $3,320,000.00. The SEC filing for this sale provides additional information. Insiders have sold 320,000 shares of company stock valued at $10,744,150 in the last ninety days. 25.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ACM Research

Several institutional investors and hedge funds have recently modified their holdings of ACMR. Wealth Enhancement Advisory Services LLC raised its stake in ACM Research by 2.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 17,291 shares of the specialty retailer’s stock worth $700,000 after purchasing an additional 343 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of ACM Research by 78.9% during the third quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 367 shares during the period. Arizona State Retirement System raised its position in shares of ACM Research by 2.5% in the third quarter. Arizona State Retirement System now owns 15,649 shares of the specialty retailer’s stock valued at $612,000 after buying an additional 386 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of ACM Research by 7.3% in the second quarter. Tower Research Capital LLC TRC now owns 6,076 shares of the specialty retailer’s stock valued at $157,000 after buying an additional 416 shares during the period. Finally, Blue Trust Inc. grew its position in ACM Research by 8.1% during the third quarter. Blue Trust Inc. now owns 5,997 shares of the specialty retailer’s stock worth $235,000 after buying an additional 449 shares in the last quarter. 66.75% of the stock is currently owned by institutional investors and hedge funds.

ACM Research Stock Up 1.3%

ACM Research stock opened at $39.99 on Tuesday. 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 company’s 50-day moving average is $36.42 and its 200-day moving average is $31.26. The firm has a market capitalization of $2.39 billion, a PE ratio of 23.25 and a beta of 1.45. ACM Research has a fifty-two week low of $14.65 and a fifty-two week high of $45.12.

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). The business had revenue of $269.16 million for the quarter, compared to the consensus estimate of $251.72 million. ACM Research had a return on equity of 7.11% and a net margin of 13.30%.The company’s revenue for the quarter was up 32.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.63 EPS. Sell-side analysts anticipate that ACM Research will post 1.17 earnings per share for the current year.

ACM Research Company Profile

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.