Key Points
- Director Haiping Dun sold 5,000 shares of ACM Research on May 19 at an average price of $66.22, totaling about $331,100. The sale cut the director’s stake by 50% to 5,000 shares.
- ACM Research beat earnings expectations in its latest quarter, reporting $0.34 EPS versus the $0.26 estimate and revenue of $231.26 million versus $215.69 million expected. Revenue rose 34.2% year over year.
- Analyst sentiment is mixed, with recent rating changes ranging from a buy initiation to multiple holds; overall, MarketBeat shows an average rating of “Hold” and a $40 price target. Meanwhile, institutional ownership remains high at 66.75% of the stock.
ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) Director Haiping Dun sold 5,000 shares of the stock in a transaction dated Tuesday, May 19th. The stock was 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 approximately $331,100. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
ACM Research Price Performance
ACMR stock opened at $71.59 on Friday. The stock has a 50-day moving average price of $50.97 and a two-hundred day moving average price of $47.93. The stock has a market cap of $4.38 billion, a PE ratio of 54.65 and a beta of 1.82. The company has a current ratio of 3.51, a quick ratio of 2.52 and a debt-to-equity ratio of 0.11. ACM Research, Inc. has a 1 year low of $21.87 and a 1 year high of $72.69.
ACM Research (NASDAQ:ACMR - Get Free Report) last released its earnings results on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.08. The firm had revenue of $231.26 million during the quarter, compared to analysts' expectations of $215.69 million. ACM Research had a return on equity of 4.17% and a net margin of 9.48%.The company's revenue was up 34.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.46 EPS. Equities analysts forecast that ACM Research, Inc. will post 1.2 EPS for the current fiscal year.
Hedge Funds Weigh In On ACM Research
Hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. grew its holdings in ACM Research by 396.3% during the third quarter. Principal Financial Group Inc. now owns 336,993 shares of the specialty retailer's stock worth $13,187,000 after purchasing an additional 269,094 shares during the period. Hussman Strategic Advisors Inc. bought a new position in ACM Research during the third quarter worth about $2,054,000. Vanguard Group Inc. grew its holdings in ACM Research by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 4,972,103 shares of the specialty retailer's stock worth $196,149,000 after purchasing an additional 125,690 shares during the period. Belpointe Asset Management LLC bought a new position in ACM Research during the third quarter worth about $989,000. Finally, Public Sector Pension Investment Board bought a new position in ACM Research during the third quarter worth about $8,026,000. Institutional investors own 66.75% of the company's stock.
Analyst Ratings Changes
Several brokerages have recently weighed in on ACMR. Weiss Ratings upgraded ACM Research from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, April 24th. Wall Street Zen upgraded ACM Research from a "sell" rating to a "hold" rating in a report on Saturday, May 9th. Seaport Research Partners began 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. Finally, Zacks Research cut ACM Research from a "strong-buy" rating to a "hold" rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $40.00.
Check Out Our Latest Research Report on ACM Research
ACM Research Company Profile
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
