ACM Research (NASDAQ:ACMR) Trading Up 8.1% – Here’s What Happened

ACM Research, Inc. (NASDAQ:ACMR) shot up 8.1% during mid-day trading on Tuesday . The company traded as high as $88.99 and last traded at $87.06. 183,350 shares traded hands during trading, a decline of 88% from the average session volume of 1,470,970 shares. The stock had previously closed at $80.57.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ACMR. Wall Street Zen raised ACM Research from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research cut ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Seaport Research Partners assumed coverage on ACM Research in a research report on Monday, May 4th. They set a “buy” rating and a $75.00 price target for the company. Roth Mkm reaffirmed a “buy” rating and set a $100.00 price target on shares of ACM Research in a research report on Monday, June 1st. Finally, Weiss Ratings raised ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, ACM Research currently has an average rating of “Hold” and an average target price of $100.00.

ACM Research Trading Down 2.2%

The company has a market cap of $4.82 billion, a price-to-earnings ratio of 59.50 and a beta of 2.01. 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 firm has a fifty day moving average price of $60.23 and a 200 day moving average price of $52.24.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings data on Thursday, May 7th. The specialty retailer reported $0.34 EPS for the quarter, beating the consensus estimate of $0.26 by $0.08. The company had revenue of $231.26 million during the quarter, compared to the consensus estimate of $215.69 million. ACM Research had a return on equity of 4.17% and a net margin of 9.48%.The firm’s revenue for the quarter was up 34.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 EPS. As a group, equities analysts predict that ACM Research, Inc. will post 1.02 EPS for the current fiscal year.

Insider Buying and Selling at ACM Research

In other ACM Research news, Director Charles C. Pappis sold 5,000 shares of the firm’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $52.00, for a total transaction of $260,000.00. Following the completion of the sale, the director owned 5,000 shares of the company’s stock, valued at $260,000. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Tracy Liu sold 15,000 shares of the firm’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $47.91, for a total value of $718,650.00. Following the sale, the director directly owned 110,772 shares of the company’s stock, valued at $5,307,086.52. This represents a 11.93% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 143,752 shares of company stock worth $11,730,848. 24.36% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On ACM Research

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Maryland State Retirement & Pension System lifted its holdings in shares of ACM Research by 2.2% during the fourth 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 in the last quarter. MML Investors Services LLC lifted its holdings in shares of ACM Research by 1.0% during the fourth quarter. MML Investors Services LLC now owns 22,851 shares of the specialty retailer’s stock worth $901,000 after buying an additional 217 shares in the last quarter. First Growth Capital LLC raised 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 purchasing an additional 285 shares in the last quarter. GAMMA Investing LLC raised its stake in ACM Research by 38.8% in the fourth quarter. GAMMA Investing LLC now owns 1,070 shares of the specialty retailer’s stock valued at $42,000 after purchasing an additional 299 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in ACM Research by 90.1% in 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. Institutional investors and hedge funds own 66.75% of the company’s stock.

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.