ACM Research, Inc. (NASDAQ:ACMR) Receives $122.75 Average PT from Analysts

ACM Research, Inc. (NASDAQ:ACMR) has received a consensus recommendation of “Buy” from the six analysts that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $122.75.

A number of brokerages have recently commented on ACMR. Craig Hallum reiterated a “buy” rating and issued a $100.00 price target on shares of ACM Research in a research note on Monday, August 10th. Roth Capital set a $125.00 target price on ACM Research and gave the stock a “buy” rating in a report on Wednesday, June 17th. Zacks Research upgraded ACM Research from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Daiwa Securities Group initiated coverage on ACM Research in a research note on Wednesday, August 26th. They set a “buy” rating and a $136.00 price target on the stock. Finally, Weiss Ratings upgraded ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th.

ACM Research Trading Down 0.5%

Shares of ACM Research stock opened at $72.00 on Friday. The firm’s 50 day moving average is $81.93 and its 200 day moving average is $71.62. The firm has a market capitalization of $4.66 billion, a PE ratio of 34.29 and a beta of 1.96. ACM Research has a 1 year low of $28.46 and a 1 year high of $127.19. The company has a current ratio of 3.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.08.

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

Insider Activity at ACM Research

In other ACM Research news, Director Haiping Dun sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $81.13, for a total transaction of $405,650.00. Following the sale, the director directly owned 5,000 shares of the company’s stock, valued at $405,650. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David Wang sold 70,000 shares of the firm’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $74.59, for a total transaction of $5,221,300.00. Following the transaction, the insider directly owned 802,708 shares of the company’s stock, valued at $59,873,989.72. The trade was a 8.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 24.36% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ACMR. Contravisory Investment Management Inc. grew its stake in shares of ACM Research by 2.3% in the 2nd quarter. Contravisory Investment Management Inc. now owns 5,216 shares of the specialty retailer’s stock valued at $662,000 after buying an additional 115 shares during the period. Maryland State Retirement & Pension System raised its stake in ACM Research by 2.2% during the 4th quarter. Maryland State Retirement & Pension System now owns 7,764 shares of the specialty retailer’s stock worth $306,000 after buying an additional 168 shares during the period. GAMMA Investing LLC boosted its holdings in ACM Research by 14.5% in the second quarter. GAMMA Investing LLC now owns 1,440 shares of the specialty retailer’s stock worth $183,000 after acquiring an additional 182 shares in the last quarter. MML Investors Services LLC boosted its holdings in ACM Research by 1.0% in the fourth quarter. MML Investors Services LLC now owns 22,851 shares of the specialty retailer’s stock worth $901,000 after acquiring an additional 217 shares in the last quarter. Finally, First Growth Capital LLC grew its stake in ACM Research by 5.4% in the first quarter. First Growth Capital LLC now owns 5,598 shares of the specialty retailer’s stock valued at $226,000 after acquiring an additional 285 shares during the period. 66.75% of the stock is owned by institutional investors and hedge funds.

About ACM Research

ACM Research, Inc develops, manufactures and sells equipment used in semiconductor manufacturing and advanced packaging. Its products are designed for wafer processing steps that help semiconductor manufacturers clean, prepare and deposit materials on silicon wafers and other substrates.

The company’s product portfolio includes single-wafer cleaning systems, wet-processing equipment, electrochemical deposition systems, furnace systems and equipment for advanced packaging applications. Its cleaning technologies include the Space Alternated Phase Shift (SAPS) and Tahoe platforms, which are intended to remove contaminants and residues while supporting the production of increasingly complex semiconductor devices.

Founded in 1998, ACM Research is headquartered in Fremont, California, and serves semiconductor manufacturers and other customers through operations and facilities in the United States, China and other international markets.