ACM Research (ACMR) to Release Quarterly Earnings on Wednesday

ACM Research (NASDAQ:ACMR) is projected to announce its earnings results before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.31 per share and revenue of $194.93 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

ACM Research Stock Up 1.3 %

Shares of NASDAQ:ACMR opened at $24.08 on Wednesday. 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 company has a fifty day simple moving average of $17.77 and a 200 day simple moving average of $18.19. The firm has a market cap of $1.39 billion, a PE ratio of 18.24 and a beta of 1.58. ACM Research has a 12-month low of $13.87 and a 12-month high of $34.40.

Analysts Set New Price Targets

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

Insider Activity

In related news, Director Haiping Dun sold 15,000 shares of the company’s 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 sale, the director now owns 774,148 shares of the company’s stock, valued at $14,801,709.76. This represents a 1.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider David H. Wang sold 56,250 shares of the company’s stock in a transaction dated 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. The trade was a 7.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 150,098 shares of company stock valued at $2,886,117. 31.24% of the stock is currently owned by company insiders.

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.