ACM Research (NASDAQ:ACMR) Shares Down 3.7% - Time to Sell?

ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) was down 3.7% on Thursday . The company traded as low as $17.20 and last traded at $17.22. Approximately 205,265 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 1,180,362 shares. The stock had previously closed at $17.89.

Wall Street Analyst Weigh In

ACMR has been the topic of several recent research reports. Needham & Company LLC lowered ACM Research from a "buy" rating to a "hold" rating and set a $25.00 price target on the stock. in a research report on Wednesday, December 4th. Craig Hallum lowered ACM Research from a "buy" rating to a "hold" rating and dropped their price objective for the company from $30.00 to $18.00 in a research note on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, ACM Research currently has an average rating of "Moderate Buy" and an average price target of $30.00.

ACM Research Price Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37. The business has a 50-day simple moving average of $16.48 and a 200 day simple moving average of $18.37. The firm has a market cap of $1.02 billion, a P/E ratio of 13.36 and a beta of 1.48.

ACM Research (NASDAQ:ACMR - Get Free Report) last posted its earnings results on Thursday, November 7th. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.35. ACM Research had a return on equity of 9.07% and a net margin of 12.38%. The firm had revenue of $204.00 million for the quarter, compared to analysts' expectations of $191.18 million. During the same period in the previous year, the firm earned $0.41 earnings per share. The business's revenue was up 21.0% compared to the same quarter last year. On average, analysts anticipate that ACM Research, Inc. will post 1.12 earnings per share for the current fiscal year.

Insider Transactions at ACM Research

In other ACM Research news, insider David H. Wang sold 56,250 shares of the company's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $17.89, for a total transaction of $1,006,312.50. Following the transaction, the insider now owns 654,256 shares in the company, valued at approximately $11,704,639.84. This represents a 7.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Haiping Dun sold 15,000 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $19.12, for a total value of $286,800.00. Following the completion of the transaction, the director now owns 774,148 shares of the company's stock, valued at approximately $14,801,709.76. The trade was a 1.90 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 127,500 shares of company stock valued at $2,366,363. Company insiders own 31.24% of the company's stock.

Institutional Trading of ACM Research

A number of hedge funds have recently modified their holdings of ACMR. Commonwealth Equity Services LLC increased its stake in shares of ACM Research by 15.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 14,628 shares of the specialty retailer's stock worth $337,000 after acquiring an additional 1,970 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of ACM Research by 41.4% during the second quarter. Victory Capital Management Inc. now owns 11,050 shares of the specialty retailer's stock valued at $255,000 after purchasing an additional 3,236 shares in the last quarter. American Century Companies Inc. increased its stake in shares of ACM Research by 13.9% during the second quarter. American Century Companies Inc. now owns 110,299 shares of the specialty retailer's stock valued at $2,543,000 after purchasing an additional 13,426 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of ACM Research by 453.7% during the second quarter. Federated Hermes Inc. now owns 6,002 shares of the specialty retailer's stock valued at $138,000 after purchasing an additional 4,918 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new stake in shares of ACM Research in the 2nd quarter worth approximately $202,000. Institutional investors own 66.75% of the company's stock.

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.