ACM Research (NASDAQ:ACMR) Acts the Gap – Here’s What Happened

ACM Research, Inc. stock price. (NASDAQ:ACMR – Get Free Report ) fell earlier in trading on Friday. The stock had previously closed at $18.90 but opened at $21.70. Shares of ACM Research last traded at $21.52 with a volume of 2,160,890 shares trading hands.

Analyst upgrades and downgrades

A number of equities research analysts recently commented on the company. Benchmark reiterated a “buy” rating and set a $38.00 target price on shares of ACM Research in a research note on Wednesday, August 7th. Needham & Company LLC reissued a “buy” rating and issued a $25.00 target price on shares of ACM Research in a report on Tuesday. Finally, Roth Mkm cut their price objective on ACM Research from $40.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, August 8th.

See the latest stock analysis on ACMR

ACM Research Trading Up 13.6%

The stock has a market cap of $1.22 billion, a P/E ratio of 16.29 and a beta of 1.52. The company has a current ratio of 2.29, a quick ratio of 1.26, and a debt-to-equity ratio of 0.07. The stock has a fifty day moving average price of $17.93 and a two hundred day moving average price of $22.64.

ACM Research (NASDAQ:ACMR – Get Free Report ) last issued its quarterly earnings results on Wednesday, August 7th. The specialty retailer reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.25. ACM Research had a net margin of 12.26% and a return on equity of 9.16%. The company had revenue of $202.50 million during the quarter, compared to analyst estimates of $163.05 million. During the same period in the previous year, the business posted EPS of $0.45. The company’s revenue was up 40.0% over the same quarter last year. Equities research analysts forecast that ACM Research, Inc. it will post 0.92 EPS for the current year.

Insider Buying and Selling at ACM Research

In other news, Director Xiao Xing sold 8,304 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $20.19, for a total value of $167,657.76. Following the sale, the director now directly owns 3,430,206 shares of the company’s stock, valued at $69,255,859.14. This represents a 0.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. In other ACM Research news, major shareholder Science & Technology Shanghai sold 26,300 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $20.01, for a total transaction of $526,263.00. Following the transaction, the insider now owns 3,403,906 shares in the company, valued at approximately $68,112,159.06. This represents a 0.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible via this hyperlink. Also, Director Xiao Xing sold 8,304 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $20.19, for a total value of $167,657.76. Following the completion of the sale, the director now owns 3,430,206 shares of the company’s stock, valued at approximately $69,255,859.14. The trade was a 0.00% decrease in their position. The disclosure for this sale can be found here. Insiders own 31.24% of the company’s shares.

Institutional inputs and outputs

Several hedge funds have recently bought and sold shares of the company. Cim LLC boosted its holdings in shares of ACM Research by 8.6% in the second quarter. Cim LLC now owns 16,788 shares of the specialty retailer’s stock valued at $387,000 after purchasing an additional 1,326 shares during the last quarter. Connective Capital Management LLC bought a new position in shares of ACM Research in the second quarter valued at approximately $323,000. Algert Global LLC boosted its holdings in shares of ACM Research by 29.7% in the second quarter. Algert Global LLC now owns 28,215 shares of the specialty retailer’s stock valued at $651,000 after purchasing an additional 6,465 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of ACM Research by 7.6% in the second quarter. The Manufacturers Life Insurance Company now owns 19,454 shares of the specialty retailer’s stock valued at $449,000 after buying an additional 1,382 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of ACM Research by 283.9% in the second quarter. Millennium Management LLC now owns 924,104 shares of the specialty retailer’s stock valued at $21,310,000 after purchasing an additional 683,361 shares in the last quarter. Institutional investors own 66.75% of the company’s shares.

ACM Research Company Profile

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ACM Research, Inc, together with its subsidiaries, develops, manufactures and sells single wafer wet cleaning equipment to improve manufacturing process and yield for integrated chips worldwide. Provides space-alternating phase-shifting technology for flat and patterned surfaces, which uses alternating phases of megasonic waves to deliver megasonic energy in a microscopically uniform manner; Timely Energized Energy Bubble Oscillation Technology for patterned plate surfaces at advanced process nodes, which ensures cleaning of 2D and 3D patterned plates; Tahoe technology for cleaning performance using less sulfuric acid and hydrogen peroxide; and electrochemical plating technology for advanced metal plating.

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