ACM Research, Inc. (NASDAQ:ACMR - Get Free Report)'s share price was up 7.7% during trading on Thursday . The company traded as high as $22.40 and last traded at $22.45. Approximately 1,300,527 shares were traded during mid-day trading, a decline of 4% from the average daily volume of 1,352,610 shares. The stock had previously closed at $20.85.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on ACMR. Needham & Company LLC downgraded ACM Research from a "buy" rating to a "hold" rating and set a $25.00 price target on the stock. in a research note on Wednesday, December 4th. Craig Hallum downgraded shares of ACM Research from a "buy" rating to a "hold" rating and reduced their price target for the company from $30.00 to $18.00 in a research report on Thursday, December 5th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, ACM Research presently has an average rating of "Moderate Buy" and an average target price of $30.00.
Get Our Latest Analysis on ACMR
ACM Research Stock Performance
The company has a 50-day moving average of $16.83 and a 200-day moving average of $17.96. The company has a market cap of $1.35 billion, a PE ratio of 17.70 and a beta of 1.58. The company has a quick ratio of 1.34, a current ratio of 2.37 and a debt-to-equity ratio of 0.10.
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, topping the consensus estimate of $0.28 by $0.35. ACM Research had a net margin of 12.38% and a return on equity of 9.07%. The firm had revenue of $204.00 million during the quarter, compared to analyst estimates of $191.18 million. During the same quarter in the prior year, the business posted $0.41 EPS. The business's revenue was up 21.0% compared to the same quarter last year. As a group, analysts anticipate that ACM Research, Inc. will post 1.17 earnings per share for the current year.
Insiders Place Their Bets
In other ACM Research news, Director Haiping Dun sold 15,000 shares of ACM Research stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $19.12, for a total value of $286,800.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Sotheara Cheav sold 22,598 shares of ACM Research stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $23.00, for a total transaction of $519,754.00. Following the completion of the sale, the insider now directly owns 100,002 shares in the company, valued at $2,300,046. This trade represents a 18.43 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 150,098 shares of company stock valued at $2,886,117. Corporate insiders own 31.24% of the company's stock.
Institutional Investors Weigh In On ACM Research
Institutional investors have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of ACM Research during the 4th quarter valued at $33,000. Erste Asset Management GmbH bought a new stake in shares of ACM Research during the third quarter valued at about $37,000. Picton Mahoney Asset Management increased its position in shares of ACM Research by 66.2% during the fourth quarter. Picton Mahoney Asset Management now owns 3,104 shares of the specialty retailer's stock valued at $47,000 after buying an additional 1,236 shares during the period. Truvestments Capital LLC purchased a new stake in shares of ACM Research in the third quarter worth about $72,000. Finally, CWM LLC boosted its position in shares of ACM Research by 128.4% in the third quarter. CWM LLC now owns 4,408 shares of the specialty retailer's stock valued at $89,000 after acquiring an additional 2,478 shares during the period. Hedge funds and other institutional investors own 66.75% of the company's stock.
About ACM Research
(
Get Free Report)
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.
Featured Articles
Before you consider ACM Research, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ACM Research wasn't on the list.
While ACM Research currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
