ACM Research (NASDAQ:ACMR) Announces Quarterly Earnings Results

ACM Research (NASDAQ:ACMR - Get Free Report) issued its quarterly earnings data on Wednesday. The specialty retailer reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.12, Zacks reports. The firm had revenue of $223.47 million during the quarter, compared to analyst estimates 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 ACM Research stock traded down $0.16 during 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 firm has a market cap of $1.49 billion, a price-to-earnings ratio of 19.65 and a beta of 1.58. ACM Research has a 12 month low of $13.87 and a 12 month high of $34.40. The business's 50-day moving average is $19.59 and its 200 day moving average is $18.69. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10.

Insider Transactions at ACM Research

In other news, insider Sotheara Cheav sold 22,598 shares of the company's stock in a transaction on Thursday, February 6th. The shares were 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 of the company's stock, valued at approximately $2,300,046. This represents a 18.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 31.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ACMR. Needham & Company LLC reissued a "hold" rating on shares of ACM Research in a report on Thursday. Craig Hallum raised ACM Research from a "hold" rating to a "buy" rating in a report on Wednesday. Finally, JPMorgan Chase & Co. assumed coverage on ACM Research in a research note on Friday. They issued an "overweight" rating and a $36.00 price objective on the stock. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, ACM Research currently has a consensus rating of "Moderate Buy" and an average target price of $29.40.

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.