ACM Research (NASDAQ:ACMR) Sets New 52-Week High Following Analyst Upgrade

ACM Research, Inc. (NASDAQ:ACMR) shares hit a new 52-week high on Monday after Zacks Research upgraded the stock from a strong sell rating to a hold rating. The stock traded as high as $45.43 and last traded at $44.4920, with a volume of 18533 shares traded. The stock had previously closed at $44.88.

Several other equities research analysts have also recently issued reports on the company. Roth Capital reissued a “buy” rating and set a $40.00 target price on shares of ACM Research in a research note on Wednesday, November 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ACM Research in a research report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, ACM Research currently has a consensus rating of “Moderate Buy” and an average target price of $38.00.

Insider Buying and Selling

In other ACM Research news, insider David H. Wang sold 60,000 shares of the stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $34.12, for a total value of $2,047,200.00. Following the sale, the insider owned 802,708 shares of the company’s stock, valued at $27,388,396.96. This trade represents a 6.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Lisa Feng sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $33.77, for a total transaction of $506,550.00. Following the sale, the insider owned 50,001 shares of the company’s stock, valued at $1,688,533.77. This represents a 23.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 265,000 shares of company stock valued at $8,849,150 in the last ninety days. Company insiders own 25.00% of the company’s stock.

Hedge Funds Weigh In On ACM Research

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LSV Asset Management raised its position in shares of 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. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of ACM Research by 39.3% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,302,351 shares of the specialty retailer’s stock valued at $59,631,000 after buying an additional 649,116 shares during the last quarter. Vanguard Group Inc. grew its stake in ACM Research by 12.8% in the 3rd quarter. Vanguard Group Inc. now owns 4,846,413 shares of the specialty retailer’s stock worth $189,640,000 after acquiring an additional 549,971 shares during the period. Cederberg Capital Ltd purchased a new stake in shares of ACM Research in the third quarter valued at $19,428,000. Finally, Triata Capital Ltd grew its holdings in ACM Research by 26.0% in the 3rd quarter. Triata Capital Ltd now owns 2,003,225 shares of the specialty retailer’s stock valued at $78,386,000 after buying an additional 413,000 shares during the period. Institutional investors and hedge funds own 66.75% of the company’s stock.

ACM Research Stock Performance

The company has a market cap of $2.81 billion, a PE ratio of 27.27 and a beta of 1.46. The company has a quick ratio of 2.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.10. The stock’s 50 day simple moving average is $36.57 and its two-hundred day simple moving average is $33.41.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings data 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 return on equity of 7.11% and a net margin of 13.30%.The firm had revenue of $269.16 million during the quarter, compared to analysts’ expectations of $251.72 million. During the same quarter last year, the business earned $0.63 earnings per share. The business’s revenue for the quarter was up 32.0% compared to the same quarter last year. As a group, research analysts anticipate that ACM Research, Inc. will post 1.17 earnings per share for the current year.

About ACM Research

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.