FY2024 EPS Estimates for ACM Research Lifted by Roth Capital

ACM Research, Inc. (NASDAQ:ACMR) – Analysts at Roth Capital boosted their FY2024 EPS estimates for shares of ACM Research in a research report issued on Tuesday, January 14th. Roth Capital analyst S. Desilva now forecasts that the specialty retailer will earn $1.17 per share for the year, up from their prior estimate of $1.12. The consensus estimate for ACM Research’s current full-year earnings is $1.12 per share.

A number of other analysts have also weighed in on ACMR. Needham & Company LLC lowered shares of ACM Research from a “buy” rating to a “hold” rating and set a $25.00 target price on the stock. in a report on Wednesday, December 4th. Craig Hallum lowered shares of ACM Research from a “buy” rating to a “hold” rating and decreased their price target for the stock from $30.00 to $18.00 in a report on Thursday, December 5th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.00.

ACM Research Stock Performance

ACM Research stock opened at $17.68 on Thursday. The firm’s 50 day simple moving average is $16.52 and its 200 day simple moving average is $18.41. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $1.02 billion, a PE ratio of 13.39 and a beta of 1.48. ACM Research has a 1-year low of $13.87 and a 1-year high of $34.40.

ACM Research (NASDAQ:ACMR) last posted its earnings results 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. The business had revenue of $204.00 million for the quarter, compared to analyst estimates of $191.18 million. ACM Research had a net margin of 12.38% and a return on equity of 9.07%. ACM Research’s revenue was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 EPS.

Institutional Investors Weigh In On ACM Research

A number of institutional investors have recently made changes to their positions in ACMR. Millennium Management LLC boosted its stake in shares of ACM Research by 283.9% in the 2nd quarter. Millennium Management LLC now owns 924,104 shares of the specialty retailer’s stock valued at $21,310,000 after purchasing an additional 683,361 shares in the last quarter. Algert Global LLC boosted its stake in shares of ACM Research by 530.5% in the 3rd quarter. Algert Global LLC now owns 177,885 shares of the specialty retailer’s stock valued at $3,611,000 after purchasing an additional 149,670 shares in the last quarter. Portolan Capital Management LLC boosted its stake in shares of ACM Research by 7.7% in the 3rd quarter. Portolan Capital Management LLC now owns 921,451 shares of the specialty retailer’s stock valued at $18,705,000 after purchasing an additional 65,616 shares in the last quarter. Seven Eight Capital LP boosted its position in ACM Research by 625.1% during the 2nd quarter. Seven Eight Capital LP now owns 75,517 shares of the specialty retailer’s stock valued at $1,741,000 after buying an additional 65,102 shares during the period. Finally, Richard P Slaughter Associates Inc boosted its position in ACM Research by 94.9% during the 3rd quarter. Richard P Slaughter Associates Inc now owns 127,810 shares of the specialty retailer’s stock valued at $2,595,000 after buying an additional 62,247 shares during the period. Hedge funds and other institutional investors own 66.75% of the company’s stock.

Insider Transactions at ACM Research

In other news, Director Haiping Dun sold 15,000 shares of the company’s stock in a transaction 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 sale, the director now owns 774,148 shares of the company’s stock, valued at approximately $14,801,709.76. This represents a 1.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David H. Wang sold 56,250 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 710,506 shares of the company’s stock, valued at $13,556,454.48. This trade represents a 7.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 127,500 shares of company stock valued at $2,366,363 in the last quarter. 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.