FY2024 EPS Estimates for ACM Research Raised by Roth Capital

ACM Research, Inc. (NASDAQ:ACMR - Free Report) - Stock analysts at Roth Capital raised their FY2024 earnings per share estimates for shares of ACM Research in a research note issued to investors on Tuesday, January 14th. Roth Capital analyst S. Desilva now forecasts that the specialty retailer will post earnings of $1.17 per share for the year, up from their prior forecast of $1.12. The consensus estimate for ACM Research's current full-year earnings is $1.12 per share.

ACMR has been the topic of several other research reports. Needham & Company LLC cut shares of 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 downgraded ACM Research from a "buy" rating to a "hold" rating and reduced their target price for the stock from $30.00 to $18.00 in a report on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $30.00.

ACM Research Trading Down 1.2 %

ACM Research stock traded down $0.21 during mid-day trading on Thursday, reaching $17.68. 1,220,556 shares of the company traded hands, compared to its average volume of 1,295,761. The firm's 50 day moving average price is $16.52 and its 200 day moving average price is $18.41. ACM Research has a 52-week low of $13.87 and a 52-week high of $34.40. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 13.39 and a beta of 1.48.

ACM Research (NASDAQ:ACMR - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The specialty retailer reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $191.18 million. During the same period last year, the company earned $0.41 EPS. The business's quarterly revenue was up 21.0% compared to the same quarter last year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. AQR Capital Management LLC grew its position in ACM Research by 39.3% in the 2nd quarter. AQR Capital Management LLC now owns 178,460 shares of the specialty retailer's stock worth $4,115,000 after purchasing an additional 50,356 shares during the period. Richard P Slaughter Associates Inc boosted its stake in shares of ACM Research by 94.9% in the 3rd quarter. Richard P Slaughter Associates Inc now owns 127,810 shares of the specialty retailer's stock worth $2,595,000 after buying an additional 62,247 shares during the last quarter. Millennium Management LLC grew its holdings in shares of ACM Research by 283.9% in the second quarter. Millennium Management LLC now owns 924,104 shares of the specialty retailer's stock worth $21,310,000 after acquiring an additional 683,361 shares during the period. Algert Global LLC increased its position in ACM Research by 530.5% during the third quarter. Algert Global LLC now owns 177,885 shares of the specialty retailer's stock valued at $3,611,000 after acquiring an additional 149,670 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in ACM Research in the third quarter valued at about $1,056,000. 66.75% of the stock is owned by institutional investors.

Insider Activity at ACM Research

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 completion of the transaction, the director now directly 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David H. Wang sold 56,250 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $19.08, for a total transaction of $1,073,250.00. Following the sale, the insider now owns 710,506 shares in the company, valued at approximately $13,556,454.48. The trade was a 7.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 127,500 shares of company stock valued at $2,366,363 in the last three months. 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.