ACM Research (NASDAQ:ACMR) Stock Price Down 3.7% – What’s Next?

ACM Research, Inc. (NASDAQ:ACMR)’s stock price was down 3.7% during trading on Thursday . The stock traded as low as $17.20 and last traded at $17.22. Approximately 205,265 shares were traded during trading, a decline of 83% from the average daily volume of 1,180,362 shares. The stock had previously closed at $17.89.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ACMR shares. Craig Hallum downgraded shares of ACM Research from a “buy” rating to a “hold” rating and cut their price target for the company from $30.00 to $18.00 in a report on Thursday, December 5th. Needham & Company LLC downgraded shares of ACM Research from a “buy” rating to a “hold” rating and set a $25.00 price target on the stock. in a report on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, ACM Research presently has a consensus rating of “Moderate Buy” and an average target price of $30.00.

ACM Research Stock Performance

The company has a market capitalization of $1.04 billion, a PE ratio of 13.69 and a beta of 1.48. 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’s 50-day simple moving average is $16.57 and its 200-day simple moving average is $18.42.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings data on Thursday, November 7th. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.35. The company had revenue of $204.00 million during the quarter, compared to analysts’ expectations of $191.18 million. ACM Research had a net margin of 12.38% and a return on equity of 9.07%. The firm’s quarterly revenue was up 21.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 EPS. On average, research analysts predict that ACM Research, Inc. will post 1.12 earnings per share for the current year.

Insider Buying and Selling at ACM Research

In other news, insider David H. Wang sold 56,250 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $19.08, for a total value of $1,073,250.00. Following the completion of the sale, the insider now owns 710,506 shares of the company’s stock, valued at approximately $13,556,454.48. This represents a 7.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Haiping Dun sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $19.12, for a total transaction of $286,800.00. Following the completion of the sale, the director now directly owns 774,148 shares of the company’s stock, valued at $14,801,709.76. The trade was a 1.90 % 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.

Institutional Investors Weigh In On ACM Research

Several hedge funds have recently modified their holdings of the business. AQR Capital Management LLC lifted its position in ACM Research by 39.3% during the second quarter. AQR Capital Management LLC now owns 178,460 shares of the specialty retailer’s stock valued at $4,115,000 after acquiring an additional 50,356 shares during the last quarter. Richard P Slaughter Associates Inc lifted its position in ACM Research by 94.9% during the third quarter. Richard P Slaughter Associates Inc now owns 127,810 shares of the specialty retailer’s stock valued at $2,595,000 after acquiring an additional 62,247 shares during the last quarter. Millennium Management LLC lifted its position in ACM Research by 283.9% during the second quarter. Millennium Management LLC now owns 924,104 shares of the specialty retailer’s stock valued at $21,310,000 after acquiring an additional 683,361 shares during the last quarter. Algert Global LLC lifted 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 purchased a new stake in ACM Research during the third quarter valued at approximately $1,056,000. Hedge funds and other institutional investors 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.