ACM Research (NASDAQ:ACMR) Issues Quarterly Earnings Results

ACM Research (NASDAQ:ACMR - Get Free Report) issued its quarterly earnings data on Wednesday. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.12, Zacks reports. The business had revenue of $223.47 million during the quarter, compared to analysts' expectations of $194.93 million. ACM Research had a return on equity of 9.07% and a net margin of 12.38%.

ACM Research Price Performance

Shares of NASDAQ ACMR traded down $0.16 during midday trading on Friday, hitting $25.94. The stock had a trading volume of 1,792,337 shares, compared to its average volume of 1,649,190. The company has a market capitalization of $1.49 billion, a PE ratio of 19.65 and a beta of 1.58. The stock has a 50 day simple moving average of $19.59 and a 200-day simple moving average of $18.69. ACM Research has a 1 year low of $13.87 and a 1 year high of $34.40. The company has a quick ratio of 1.34, a current ratio of 2.37 and a debt-to-equity ratio of 0.10.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Craig Hallum raised ACM Research from a "hold" rating to a "buy" rating in a report on Wednesday. JPMorgan Chase & Co. assumed coverage on ACM Research in a report on Friday. They issued an "overweight" rating and a $36.00 price target for the company. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of ACM Research in a report on Thursday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $29.40.

Insider Activity

In other news, insider Sotheara Cheav sold 22,598 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $23.00, for a total value of $519,754.00. Following the transaction, the insider now owns 100,002 shares in the company, valued at $2,300,046. This trade represents a 18.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 31.24% of the company's stock.

ACM Research Company Profile

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.