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

ACM Research, Inc. (NASDAQ:ACMR) reached a new 52-week high during trading on Tuesday . The company traded as high as $61.58 and last traded at $61.12, with a volume of 2418646 shares traded. The stock had previously closed at $58.12.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on ACMR shares. Roth Mkm reiterated a “buy” rating and issued a $40.00 price objective on shares of ACM Research in a research report on Wednesday, November 5th. Zacks Research raised ACM Research from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Finally, Weiss Ratings raised shares of ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 26th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $38.00.

ACM Research Price Performance

The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 35.53 and a beta of 1.48. The company has a current ratio of 3.48, a quick ratio of 2.48 and a debt-to-equity ratio of 0.10. The company has a 50 day moving average price of $43.73 and a 200 day moving average price of $36.79.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings results on Wednesday, November 5th. The specialty retailer reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.11). The firm had revenue of $269.16 million during the quarter, compared to the consensus estimate of $251.72 million. ACM Research had a net margin of 13.30% and a return on equity of 7.11%. ACM Research’s revenue was up 32.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.63 EPS. As a group, equities research analysts forecast that ACM Research, Inc. will post 1.17 earnings per share for the current year.

Insider Transactions at ACM Research

In related news, insider David H. Wang sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $34.12, for a total transaction of $2,047,200.00. Following the completion of the sale, the insider directly owned 802,708 shares of the company’s stock, valued at $27,388,396.96. The trade was a 6.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Lisa Feng sold 15,000 shares of the stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $33.77, for a total transaction of $506,550.00. Following the completion of the transaction, the insider owned 50,001 shares in the company, valued at $1,688,533.77. This represents a 23.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 265,000 shares of company stock worth $8,849,150 in the last quarter. 25.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On ACM Research

Hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of ACM Research by 10.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,061 shares of the specialty retailer’s stock valued at $748,000 after acquiring an additional 3,065 shares during the last quarter. Caxton Associates LLP acquired a new position in ACM Research during the first quarter valued at approximately $250,000. Strs Ohio acquired a new position in ACM Research during the first quarter valued at approximately $133,000. Wealth Enhancement Advisory Services LLC bought a new stake in ACM Research in the second quarter valued at approximately $471,000. Finally, Janney Montgomery Scott LLC raised its holdings in ACM Research by 47.2% in the second quarter. Janney Montgomery Scott LLC now owns 38,858 shares of the specialty retailer’s stock worth $1,006,000 after purchasing an additional 12,468 shares during the period. Institutional investors and hedge funds 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.