ACM Research (NASDAQ:ACMR) Shares Down 4.2%

ACM Research, Inc. (NASDAQ:ACMRGet Free Report)’s share price traded down 4.2% during trading on Friday . The company traded as low as $22.03 and last traded at $22.06. 40,827 shares were traded during trading, a decline of 97% from the average session volume of 1,509,890 shares. The stock had previously closed at $23.02.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Needham & Company LLC reissued a “buy” rating and set a $34.00 price target on shares of ACM Research in a report on Thursday, May 9th. Benchmark boosted their price target on ACM Research from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Finally, The Goldman Sachs Group raised ACM Research from a “neutral” rating to a “buy” rating and set a $39.00 price target for the company in a report on Thursday, February 29th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $31.88.

View Our Latest Research Report on ACM Research

ACM Research Price Performance

The firm has a market cap of $1.31 billion, a P/E ratio of 16.45 and a beta of 1.44. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average of $24.64 and a two-hundred day moving average of $23.27.

ACM Research (NASDAQ:ACMRGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The specialty retailer reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.09. The business had revenue of $152.19 million for the quarter, compared to analyst estimates of $151.00 million. ACM Research had a return on equity of 10.26% and a net margin of 13.79%. On average, sell-side analysts anticipate that ACM Research, Inc. will post 1 earnings per share for the current fiscal year.

Insider Buying and Selling at ACM Research

In other ACM Research news, insider Jian Wang sold 30,000 shares of the company’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $22.07, for a total value of $662,100.00. Following the sale, the insider now owns 253,158 shares in the company, valued at approximately $5,587,197.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider David H. Wang sold 86,090 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $22.62, for a total value of $1,947,355.80. Following the transaction, the insider now directly owns 504,018 shares of the company’s stock, valued at approximately $11,400,887.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jian Wang sold 30,000 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $22.07, for a total value of $662,100.00. Following the completion of the transaction, the insider now directly owns 253,158 shares in the company, valued at $5,587,197.06. The disclosure for this sale can be found here. In the last quarter, insiders have sold 240,329 shares of company stock worth $5,440,934. Insiders own 31.24% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ACMR. Ariose Capital Management Ltd lifted its stake in shares of ACM Research by 163.8% in the 4th quarter. Ariose Capital Management Ltd now owns 1,980,671 shares of the specialty retailer’s stock valued at $38,702,000 after purchasing an additional 1,229,839 shares during the period. Panview Asian Equity Master Fund lifted its stake in shares of ACM Research by 264.7% in the 4th quarter. Panview Asian Equity Master Fund now owns 1,057,753 shares of the specialty retailer’s stock valued at $20,668,000 after purchasing an additional 767,753 shares during the period. Steamboat Capital Partners LLC acquired a new position in shares of ACM Research in the 1st quarter valued at about $20,398,000. Prelude Capital Management LLC acquired a new position in shares of ACM Research in the 4th quarter valued at about $8,640,000. Finally, Vanguard Group Inc. lifted its stake in shares of ACM Research by 10.9% in the 3rd quarter. Vanguard Group Inc. now owns 4,082,835 shares of the specialty retailer’s stock valued at $73,920,000 after purchasing an additional 399,854 shares during the period. 66.75% of the stock is owned by institutional investors and hedge funds.

ACM Research Company Profile

(Get Free Report)

ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.

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