ACM Research (NASDAQ:ACMR) Shares Gap Up to $14.22

ACM Research, Inc. (NASDAQ:ACMRGet Rating)’s share price gapped up before the market opened on Friday . The stock had previously closed at $14.22, but opened at $14.72. ACM Research shares last traded at $14.64, with a volume of 1,436 shares traded.

A number of research firms have commented on ACMR. Roth Capital reduced their price target on ACM Research from $40.00 to $33.33 in a research report on Thursday, March 10th. The Goldman Sachs Group lowered ACM Research from a “buy” rating to a “neutral” rating and reduced their target price for the company from $44.00 to $20.00 in a report on Sunday, May 8th. Zacks Investment Research lowered ACM Research from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 8th. Finally, Craig Hallum cut their price target on ACM Research from $43.00 to $24.00 in a report on Monday, May 9th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $33.71.

The stock has a market cap of $795.98 million, a PE ratio of 35.85 and a beta of 0.77. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.70 and a quick ratio of 2.59. The company’s fifty day moving average is $16.88 and its 200-day moving average is $23.46.

ACM Research (NASDAQ:ACMRGet Rating) last posted its quarterly earnings results on Friday, May 6th. The specialty retailer reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.08. The company had revenue of $42.20 million during the quarter, compared to analysts’ expectations of $49.25 million. ACM Research had a net margin of 10.26% and a return on equity of 5.49%. The firm’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.10 EPS. Analysts expect that ACM Research, Inc. will post 0.53 EPS for the current year.

In other news, Director Haiping Dun sold 12,269 shares of the stock in a transaction that occurred on Wednesday, March 9th. The stock was sold at an average price of $82.09, for a total value of $1,007,162.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Mark Mckechnie sold 5,000 shares of ACM Research stock in a transaction on Thursday, March 10th. The shares were sold at an average price of $64.20, for a total value of $321,000.00. The disclosure for this sale can be found here. 46.02% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. increased its holdings in shares of ACM Research by 982.7% during the 4th quarter. Advisor Group Holdings Inc. now owns 563 shares of the specialty retailer’s stock worth $48,000 after acquiring an additional 511 shares during the last quarter. Maverick Capital Ltd. increased its holdings in ACM Research by 21.8% in the 3rd quarter. Maverick Capital Ltd. now owns 1,421 shares of the specialty retailer’s stock worth $156,000 after purchasing an additional 254 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of ACM Research in the third quarter valued at about $172,000. Great West Life Assurance Co. Can increased its stake in shares of ACM Research by 210.6% in the first quarter. Great West Life Assurance Co. Can now owns 1,752 shares of the specialty retailer’s stock valued at $39,000 after buying an additional 1,188 shares during the period. Finally, Citigroup Inc. increased its stake in shares of ACM Research by 464.6% in the third quarter. Citigroup Inc. now owns 1,880 shares of the specialty retailer’s stock valued at $207,000 after buying an additional 1,547 shares during the period. Institutional investors and hedge funds own 19.88% of the company’s stock.

ACM Research Company Profile (NASDAQ:ACMR)

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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