ACM Research (NASDAQ:ACMR) Trading Up 5.1%

ACM Research, Inc. (NASDAQ:ACMR) shares were up 5.1% on Friday . The company traded as high as $23.81 and last traded at $23.52. Approximately 136,031 shares were traded during trading, a decline of 91% from the average daily volume of 1,486,474 shares. The stock had previously closed at $22.37.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ACMR shares. Benchmark boosted their price target on shares of ACM Research from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Needham & Company LLC reissued a “buy” rating and set a $34.00 price target on shares of ACM Research in a research note on Thursday, May 9th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $31.88.

ACM Research Price Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 2.31 and a quick ratio of 2.31. The stock has a market cap of $1.31 billion, a P/E ratio of 17.47 and a beta of 1.44. The company’s 50 day simple moving average is $24.01 and its 200 day simple moving average is $23.57.

ACM Research (NASDAQ:ACMR) last issued its earnings results on Wednesday, May 8th. The specialty retailer reported $0.30 EPS for the quarter, beating the consensus estimate of $0.21 by $0.09. ACM Research had a net margin of 13.79% and a return on equity of 10.26%. The firm had revenue of $152.19 million during the quarter, compared to the consensus estimate of $151.00 million. As a group, equities analysts forecast that ACM Research, Inc. will post 1 earnings per share for the current year.

Insider Activity

In other news, insider Jian Wang sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $22.07, for a total value of $662,100.00. Following the completion of the transaction, the insider now owns 253,158 shares in the company, valued at $5,587,197.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Haiping Dun sold 15,000 shares of the stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $22.88, for a total transaction of $343,200.00. Following the completion of the transaction, the director now owns 874,329 shares in the company, valued at $20,004,647.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jian Wang sold 30,000 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $22.07, for a total transaction of $662,100.00. Following the transaction, the insider now owns 253,158 shares of the company’s stock, valued at approximately $5,587,197.06. The disclosure for this sale can be found here. Insiders sold 240,329 shares of company stock worth $5,440,934 over the last quarter. 31.24% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Bright Futures Wealth Management LLC. acquired a new stake in ACM Research in the first quarter valued at $842,000. Tactive Advisors LLC acquired a new stake in ACM Research in the first quarter valued at $350,000. Virtu Financial LLC acquired a new stake in ACM Research in the first quarter valued at $536,000. Cim LLC acquired a new stake in ACM Research in the first quarter valued at $451,000. Finally, Comerica Bank acquired a new stake in ACM Research in the first quarter valued at $1,150,000. Institutional investors and hedge funds own 66.75% 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.