ACM Research (NASDAQ:ACMR) Shares Gap Up – What’s Next?

ACM Research, Inc. (NASDAQ:ACMR)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $18.95, but opened at $21.29. ACM Research shares last traded at $20.25, with a volume of 799,058 shares traded.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ACMR. Benchmark reissued a “buy” rating and issued a $38.00 target price on shares of ACM Research in a research note on Wednesday, August 7th. Needham & Company LLC reissued a “buy” rating and issued a $25.00 target price on shares of ACM Research in a report on Tuesday, October 1st. Finally, Roth Mkm decreased their price target on ACM Research from $40.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th.

ACM Research Price Performance

The stock has a fifty day moving average of $18.66 and a two-hundred day moving average of $21.02. The company has a current ratio of 2.29, a quick ratio of 1.26 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 16.27 and a beta of 1.54.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings data on Wednesday, August 7th. The specialty retailer reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.25. ACM Research had a net margin of 12.26% and a return on equity of 9.16%. The firm had revenue of $202.50 million for the quarter, compared to analyst estimates of $163.05 million. During the same quarter in the prior year, the firm earned $0.45 EPS. The company’s revenue was up 40.0% on a year-over-year basis. As a group, equities research analysts forecast that ACM Research, Inc. will post 0.92 earnings per share for the current year.

Insider Buying and Selling

In other news, major shareholder Science & Technology Shanghai sold 26,300 shares of ACM Research stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $20.01, for a total value of $526,263.00. Following the completion of the sale, the insider now directly owns 3,403,906 shares of the company’s stock, valued at approximately $68,112,159.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other ACM Research news, Director Xiao Xing sold 8,304 shares of ACM Research stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $20.19, for a total transaction of $167,657.76. Following the completion of the sale, the director now owns 3,430,206 shares of the company’s stock, valued at approximately $69,255,859.14. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Science & Technology Shanghai sold 26,300 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $20.01, for a total value of $526,263.00. Following the completion of the transaction, the insider now directly owns 3,403,906 shares in the company, valued at approximately $68,112,159.06. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,116,516 shares of company stock worth $24,573,590 in the last quarter. Insiders own 31.24% of the company’s stock.

Institutional Investors Weigh In On ACM Research

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ACMR. BNP Paribas Financial Markets increased its stake in shares of ACM Research by 226.5% in the 1st quarter. BNP Paribas Financial Markets now owns 60,531 shares of the specialty retailer’s stock valued at $1,764,000 after acquiring an additional 41,989 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in ACM Research in the first quarter worth $624,000. Quantbot Technologies LP bought a new position in shares of ACM Research during the first quarter worth $443,000. SG Americas Securities LLC acquired a new position in shares of ACM Research in the 1st quarter valued at $196,000. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of ACM Research in the 1st quarter valued at $753,000. 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.