Key Points
- ACM Research director Haiping Dun sold 5,000 shares at an average price of $81.13, generating $405,650 and reducing the director’s holdings by 50% to 5,000 shares.
- ACM Research reported stronger-than-expected quarterly results, with EPS of $0.61 versus the $0.42 consensus estimate and revenue of $292.92 million, up 36% year over year.
- Analysts maintain a favorable outlook, with the stock carrying a consensus “Buy” rating and an average price target of $118.33; institutional investors own 66.75% of shares.
ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) Director Haiping Dun sold 5,000 shares of the firm's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $81.13, for a total transaction of $405,650.00. Following the sale, the director owned 5,000 shares of the company's stock, valued at $405,650. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
ACM Research Stock Up 1.2%
ACMR opened at $78.52 on Friday. The company has a quick ratio of 2.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.08. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of 37.39 and a beta of 1.96. ACM Research, Inc. has a twelve month low of $24.93 and a twelve month high of $127.19. The company's 50-day moving average price is $91.40 and its two-hundred day moving average price is $70.37.
ACM Research (NASDAQ:ACMR - Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The specialty retailer reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.19. The company had revenue of $292.92 million during the quarter, compared to analyst estimates of $269.28 million. ACM Research had a net margin of 14.48% and a return on equity of 4.08%. ACM Research's quarterly revenue was up 36.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 EPS. As a group, equities analysts expect that ACM Research, Inc. will post 1.68 earnings per share for the current year.
Institutional Trading of ACM Research
A number of hedge funds and other institutional investors have recently made changes to their positions in ACMR. Farther Finance Advisors LLC boosted its stake in ACM Research by 90.1% in the 4th quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer's stock worth $26,000 after purchasing an additional 308 shares during the period. Hantz Financial Services Inc. grew its holdings in ACM Research by 266.7% during the 4th quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer's stock valued at $26,000 after buying an additional 480 shares in the last quarter. Leonteq Securities AG bought a new stake in shares of ACM Research during the fourth quarter valued at about $28,000. EverSource Wealth Advisors LLC lifted its holdings in shares of ACM Research by 656.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer's stock worth $33,000 after buying an additional 1,122 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of ACM Research by 381.0% in the first quarter. NewEdge Advisors LLC now owns 1,087 shares of the specialty retailer's stock worth $43,000 after buying an additional 861 shares in the last quarter. 66.75% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several analysts have issued reports on ACMR shares. Zacks Research upgraded ACM Research from a "hold" rating to a "strong-buy" rating in a research note on Monday. Wall Street Zen raised ACM Research from a "sell" rating to a "hold" rating in a report on Saturday, May 9th. Roth Capital set a $125.00 price objective on shares of ACM Research and gave the company a "buy" rating in a report on Wednesday, June 17th. Craig Hallum reiterated a "buy" rating and set a $100.00 target price on shares of ACM Research in a research report on Monday, August 10th. Finally, Seaport Research Partners began coverage on shares of ACM Research in a research note on Monday, May 4th. They set a "buy" rating and a $75.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, ACM Research presently has a consensus rating of "Buy" and an average price target of $118.33.
Check Out Our Latest Stock Analysis on ACMR
About ACM Research
(
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.
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