ACM Research (NASDAQ:ACMR) Trading Up 3.2%

ACM Research, Inc. (NASDAQ:ACMR) was up 3.2% during mid-day trading on Friday . The company traded as high as $86.44 and last traded at $86.24. Approximately 2,741 shares changed hands during trading, a decline of 99% from the average daily volume of 215,551 shares. The stock had previously closed at $83.57.

A number of equities analysts recently issued reports on the stock. Needham & Company LLC raised their price objective on shares of ACM Research from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, January 6th. The Goldman Sachs Group cut shares of ACM Research from a “conviction-buy” rating to a “buy” rating in a research note on Sunday, November 21st. Zacks Investment Research upgraded shares of ACM Research from a “hold” rating to a “strong-buy” rating and set a $96.00 price objective on the stock in a research report on Friday, January 7th. Benchmark lifted their price objective on shares of ACM Research from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, January 5th. Finally, Stifel Nicolaus lifted their price objective on shares of ACM Research from $132.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, January 5th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $123.20.

The firm has a market capitalization of $1.55 billion, a PE ratio of 59.69 and a beta of 0.57. The company’s 50-day simple moving average is $85.95 and its 200 day simple moving average is $92.43. The company has a quick ratio of 1.03, a current ratio of 1.93 and a debt-to-equity ratio of 0.10.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings data on Thursday, November 4th. The specialty retailer reported $0.56 EPS for the quarter, topping the consensus estimate of $0.36 by $0.20. ACM Research had a net margin of 14.62% and a return on equity of 11.88%. The firm had revenue of $67.00 million during the quarter, compared to analyst estimates of $67.20 million. During the same quarter in the previous year, the business posted $0.42 EPS. ACM Research’s revenue was up 40.5% on a year-over-year basis. On average, sell-side analysts forecast that ACM Research, Inc. will post 1.45 earnings per share for the current fiscal year.

In other ACM Research news, insider Mark Mckechnie sold 5,000 shares of the stock in a transaction dated Thursday, November 18th. The stock was sold at an average price of $94.05, for a total value of $470,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 46.02% of the company’s stock.

Large investors have recently bought and sold shares of the company. Citigroup Inc. increased its position in shares of ACM Research by 50.0% in the 2nd quarter. Citigroup Inc. now owns 333 shares of the specialty retailer’s stock valued at $34,000 after acquiring an additional 111 shares during the period. SG Americas Securities LLC acquired a new position in shares of ACM Research in the second quarter valued at about $122,000. Maverick Capital Ltd. raised its stake in shares of ACM Research by 21.8% in the third quarter. Maverick Capital Ltd. now owns 1,421 shares of the specialty retailer’s stock worth $156,000 after purchasing an additional 254 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of ACM Research during the third quarter worth about $172,000. Finally, Bank of America Corp DE increased its holdings in ACM Research by 28.1% in the 2nd quarter. Bank of America Corp DE now owns 1,888 shares of the specialty retailer’s stock worth $193,000 after buying an additional 414 shares during the period. Institutional investors and hedge funds own 49.86% of the company’s stock.

About ACM Research (NASDAQ:ACMR)

ACM Research, Inc engages in the development, manufacture, and sale of single-wafer wet cleaning equipment. It supplies process solutions that semi conductor manufacturers can use in numerous manufacturing steps to remove particles, contaminants and other random defects, and thereby improve product yield.

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