ACM Research (NASDAQ:ACMR) Shares Gap Up – Here’s What Happened

ACM Research, Inc. (NASDAQ:ACMR)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $73.35, but opened at $79.61. ACM Research shares last traded at $83.58, with a volume of 583,639 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ACMR shares. Wall Street Zen upgraded shares of ACM Research from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings upgraded shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Zacks Research lowered shares of ACM Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Seaport Research Partners started coverage on shares of ACM Research in a report on Monday, May 4th. They issued a “buy” rating and a $75.00 price target for the company. One research 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, ACM Research currently has a consensus rating of “Hold” and an average target price of $40.00.

ACM Research Stock Performance

The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.52 and a current ratio of 3.51. The stock has a market cap of $5.68 billion, a P/E ratio of 70.84 and a beta of 1.82. The firm’s 50 day moving average is $53.68 and its 200 day moving average is $49.20.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings data on Thursday, May 7th. The specialty retailer reported $0.34 EPS for the quarter, topping the consensus estimate of $0.26 by $0.08. The firm had revenue of $231.26 million during the quarter, compared to analyst estimates of $215.69 million. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. ACM Research’s revenue was up 34.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.46 EPS. Analysts anticipate 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 business’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $52.00, for a total transaction of $260,000.00. Following the completion of the transaction, the director owned 5,000 shares in the company, valued at $260,000. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Haiping Dun sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $66.22, for a total transaction of $331,100.00. Following the transaction, the director owned 5,000 shares of the company’s stock, valued at approximately $331,100. This trade represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 70,000 shares of company stock worth $3,441,850 in the last 90 days. 25.00% of the stock is owned by corporate insiders.

Institutional Trading of ACM Research

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in ACM Research by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 4,972,103 shares of the specialty retailer’s stock worth $196,149,000 after purchasing an additional 125,690 shares during the last quarter. LSV Asset Management grew its position in ACM Research by 462.9% during the 3rd quarter. LSV Asset Management now owns 2,504,305 shares of the specialty retailer’s stock worth $97,993,000 after purchasing an additional 2,059,405 shares during the last quarter. Triata Capital Ltd grew its position in ACM Research by 26.0% during the 3rd quarter. Triata Capital Ltd now owns 2,003,225 shares of the specialty retailer’s stock worth $78,386,000 after purchasing an additional 413,000 shares during the last quarter. WCM Investment Management LLC grew its position in ACM Research by 16,878.8% during the 1st quarter. WCM Investment Management LLC now owns 1,860,874 shares of the specialty retailer’s stock worth $70,583,000 after purchasing an additional 1,849,914 shares during the last quarter. Finally, Morgan Stanley grew its position in ACM Research by 58.8% during the 4th quarter. Morgan Stanley now owns 1,392,306 shares of the specialty retailer’s stock worth $54,926,000 after purchasing an additional 515,340 shares during the last quarter. 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.