ACM Research (NASDAQ:ACMR) Sets New 1-Year High – Should You Buy?

ACM Research, Inc. (NASDAQ:ACMR)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $113.00 and last traded at $115.0790, with a volume of 80943 shares traded. The stock had previously closed at $104.50.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ACMR. Weiss Ratings upgraded ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Seaport Research Partners assumed coverage on ACM Research in a report on Monday, May 4th. They issued a “buy” rating and a $75.00 price objective for the company. Zacks Research lowered ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Wall Street Zen upgraded shares of ACM Research from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Roth Mkm set a $125.00 target price on shares of ACM Research and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, ACM Research currently has an average rating of “Moderate Buy” and an average target price of $127.50.

ACM Research Stock Up 9.7%

The company has a quick ratio of 2.52, a current ratio of 3.51 and a debt-to-equity ratio of 0.11. The company’s fifty day moving average price is $75.24 and its 200-day moving average price is $58.60. The stock has a market capitalization of $7.02 billion, a PE ratio of 87.62 and a beta of 2.00.

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

Insider Buying and Selling

In other news, insider David H. Wang sold 40,002 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $85.80, for a total value of $3,432,171.60. Following the sale, the insider directly owned 802,708 shares of the company’s stock, valued at approximately $68,872,346.40. This represents a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Haiping Dun sold 5,000 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $66.22, for a total value of $331,100.00. Following the transaction, the director owned 5,000 shares of the company’s stock, valued at $331,100. The trade was a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 128,752 shares of company stock valued at $11,012,198. 24.36% of the stock is owned by insiders.

Institutional Trading of ACM Research

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Jefferies Financial Group Inc. bought a new position in shares of ACM Research in the fourth quarter worth approximately $1,054,000. Thompson Siegel & Walmsley LLC lifted its position in ACM Research by 71.8% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 188,500 shares of the specialty retailer’s stock valued at $7,436,000 after acquiring an additional 78,800 shares in the last quarter. Vanguard Group Inc. boosted its stake 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 valued at $196,149,000 after purchasing an additional 125,690 shares during the last quarter. RPg Family Wealth Advisory LLC boosted its stake in ACM Research by 64.2% during the 3rd quarter. RPg Family Wealth Advisory LLC now owns 156,670 shares of the specialty retailer’s stock valued at $6,130,000 after purchasing an additional 61,249 shares during the last quarter. Finally, Yong Rong HK Asset Management Ltd bought a new stake in shares of ACM Research in the 4th quarter worth $2,367,000. 66.75% of the stock is currently owned by institutional investors.

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.