Key Points
- Insider sale: ACMR director Fuping Chen sold a total of 120,000 shares on Dec. 2–3 for roughly $3.98 million (100,000 shares at $33.20 and 20,000 at $33.06).
- The stock opened at $35.14 and was trading up about 1.5%, with a market capitalization of $2.10 billion, a P/E of 20.48 and a 52‑week range of $14.22 to $45.12.
- ACM’s latest quarter showed an EPS miss of $0.36 vs. the $0.47 consensus despite revenue beating at $269.16 million (+32% YoY), and analysts are mixed with a consensus rating of Hold and a $38 target price.
ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) insider Fuping Chen sold 20,000 shares of ACM Research stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $33.06, for a total value of $661,200.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Fuping Chen also recently made the following trade(s):
- On Tuesday, December 2nd, Fuping Chen sold 100,000 shares of ACM Research stock. The shares were sold at an average price of $33.20, for a total value of $3,320,000.00.
ACM Research Trading Up 1.5%
Shares of ACMR stock opened at $35.14 on Friday. The stock has a 50-day simple moving average of $36.71 and a 200 day simple moving average of $30.76. The stock has a market capitalization of $2.10 billion, a P/E ratio of 20.48 and a beta of 1.45. ACM Research, Inc. has a fifty-two week low of $14.22 and a fifty-two week high of $45.12. The company has a quick ratio of 2.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.10.
ACM Research (NASDAQ:ACMR - Get Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The specialty retailer reported $0.36 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.11). ACM Research had a return on equity of 7.11% and a net margin of 13.30%.The business had revenue of $269.16 million during the quarter, compared to the consensus estimate of $251.72 million. During the same quarter last year, the firm posted $0.63 earnings per share. ACM Research's revenue was up 32.0% compared to the same quarter last year. On average, sell-side analysts expect that ACM Research, Inc. will post 1.17 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its stake in ACM Research by 206.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer's stock valued at $29,000 after buying an additional 515 shares in the last quarter. SBI Securities Co. Ltd. raised its stake in ACM Research by 78.9% during the third quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer's stock worth $33,000 after acquiring an additional 367 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of ACM Research by 656.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer's stock valued at $33,000 after acquiring an additional 1,122 shares during the period. Headlands Technologies LLC bought a new position in shares of ACM Research during the second quarter valued at $114,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of ACM Research by 871.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,673 shares of the specialty retailer's stock valued at $109,000 after purchasing an additional 4,192 shares in the last quarter. 66.75% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts recently commented on the stock. Zacks Research lowered shares of ACM Research from a "hold" rating to a "strong sell" rating in a research note on Wednesday, November 12th. Weiss Ratings cut ACM Research from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday. Finally, Roth Capital reissued a "buy" rating and set a $40.00 price objective on shares of ACM Research in a research note on Wednesday, November 5th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $38.00.
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About ACM Research
(
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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.
Further Reading
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