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

ACM Research, Inc. (NASDAQ:ACMR)’s stock price fell 3.7% during trading on Thursday . The company traded as low as $17.20 and last traded at $17.22. 205,265 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 1,180,362 shares. The stock had previously closed at $17.89.

Analyst Ratings Changes

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

ACM Research Stock Up 1.0 %

The company’s 50 day moving average price is $16.57 and its two-hundred day moving average price is $18.42. The firm has a market cap 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.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings results on Thursday, November 7th. The specialty retailer reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.35. The business had revenue of $204.00 million for 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 company’s revenue was up 21.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 EPS. On average, equities research analysts expect that ACM Research, Inc. will post 1.12 EPS for the current fiscal year.

Insider Transactions at ACM Research

In related news, Director Haiping Dun sold 15,000 shares of ACM Research stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $19.12, for a total transaction of $286,800.00. Following the transaction, the director now owns 774,148 shares in the company, valued at approximately $14,801,709.76. The trade was a 1.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David H. Wang sold 56,250 shares of ACM Research 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 transaction, the insider now owns 710,506 shares in the company, valued at approximately $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 worth $2,366,363 in the last 90 days. 31.24% of the stock is currently owned by insiders.

Institutional Trading of ACM Research

Hedge funds have recently bought and sold shares of the stock. Cim LLC increased its holdings in shares of ACM Research by 8.6% in the 2nd quarter. Cim LLC now owns 16,788 shares of the specialty retailer’s stock worth $387,000 after buying an additional 1,326 shares during the last quarter. Sei Investments Co. increased its holdings in shares of ACM Research by 6.7% in the 2nd quarter. Sei Investments Co. now owns 21,736 shares of the specialty retailer’s stock worth $501,000 after buying an additional 1,358 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of ACM Research by 7.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,454 shares of the specialty retailer’s stock worth $449,000 after buying an additional 1,382 shares during the last quarter. Erste Asset Management GmbH bought a new stake in shares of ACM Research in the 3rd quarter worth about $37,000. Finally, Commonwealth Equity Services LLC increased its holdings in shares of ACM Research by 15.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 14,628 shares of the specialty retailer’s stock worth $337,000 after buying an additional 1,970 shares during the last quarter. Hedge funds and other institutional investors own 66.75% of the company’s stock.

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.