ACM Research (NASDAQ:ACMR) Trading 6.7% Higher

ACM Research, Inc. (NASDAQ:ACMR)’s share price traded up 6.7% during trading on Tuesday . The stock traded as high as $27.49 and last traded at $27.48. 413,880 shares changed hands during trading, a decline of 75% from the average session volume of 1,650,559 shares. The stock had previously closed at $25.75.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. The Goldman Sachs Group raised ACM Research from a “neutral” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Thursday, February 29th. Roth Mkm lifted their price target on ACM Research from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Benchmark lifted their price target on ACM Research from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, Needham & Company LLC lifted their price target on ACM Research from $24.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $31.88.

ACM Research Price Performance

The firm has a fifty day moving average of $27.34 and a 200 day moving average of $21.26. The company has a market capitalization of $1.55 billion, a P/E ratio of 23.37 and a beta of 1.39. The company has a current ratio of 2.35, a quick ratio of 1.26 and a debt-to-equity ratio of 0.06.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings data on Wednesday, February 28th. The specialty retailer reported $0.43 EPS for the quarter, topping the consensus estimate of $0.16 by $0.27. ACM Research had a return on equity of 9.23% and a net margin of 13.87%. The company had revenue of $170.30 million during the quarter, compared to the consensus estimate of $149.54 million. During the same period last year, the company earned $0.15 EPS. ACM Research’s revenue for the quarter was up 57.0% on a year-over-year basis. On average, equities research analysts anticipate that ACM Research, Inc. will post 1.22 EPS for the current year.

Insider Buying and Selling at ACM Research

In other ACM Research news, Director Tracy Liu sold 12,500 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $25.20, for a total transaction of $315,000.00. Following the completion of the sale, the director now directly owns 110,772 shares in the company, valued at approximately $2,791,454.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other ACM Research news, insider Sotheara Cheav sold 5,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $29.09, for a total transaction of $145,450.00. Following the completion of the sale, the insider now directly owns 105,002 shares in the company, valued at approximately $3,054,508.18. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Tracy Liu sold 12,500 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $25.20, for a total value of $315,000.00. Following the sale, the director now owns 110,772 shares of the company’s stock, valued at $2,791,454.40. The disclosure for this sale can be found here. Insiders sold a total of 149,434 shares of company stock worth $4,375,572 in the last three months. 33.63% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ACMR. Spire Wealth Management purchased a new position in shares of ACM Research during the 3rd quarter valued at about $27,000. Federated Hermes Inc. purchased a new position in shares of ACM Research during the 3rd quarter valued at about $46,000. Headlands Technologies LLC purchased a new position in shares of ACM Research during the 4th quarter valued at about $66,000. DekaBank Deutsche Girozentrale purchased a new position in shares of ACM Research during the 3rd quarter valued at about $68,000. Finally, Counterpoint Mutual Funds LLC purchased a new position in shares of ACM Research during the 3rd quarter valued at about $140,000. 66.75% of the stock is owned by hedge funds and other institutional investors.

About ACM Research

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.