ACM Research, Inc. (NASDAQ:ACMR – Get Free Report)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $15.49, but opened at $16.50. ACM Research shares last traded at $17.78, with a volume of 636,781 shares trading hands.
Analysts Set New Price Targets
A number of research analysts have commented on ACMR shares. Craig Hallum cut shares of ACM Research from a “buy” rating to a “hold” rating and cut their price target for the stock from $30.00 to $18.00 in a research note on Thursday, December 5th. Needham & Company LLC cut ACM Research from a “buy” rating to a “hold” rating and set a $25.00 price target on the stock. in a research report on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, ACM Research has a consensus rating of “Moderate Buy” and an average price target of $30.00.
View Our Latest Research Report on ACM Research
ACM Research Price Performance
ACM Research (NASDAQ:ACMR – Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.35. The business had revenue of $204.00 million during the quarter, compared to analysts’ expectations of $191.18 million. ACM Research had a return on equity of 9.07% and a net margin of 12.38%. The firm’s revenue for the quarter was up 21.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 earnings per share. As a group, equities research analysts forecast that ACM Research, Inc. will post 1.12 earnings per share for the current year.
Insider Buying and Selling
In related news, insider David H. Wang sold 56,250 shares of the 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 transaction, the insider now directly owns 710,506 shares in the company, valued at $13,556,454.48. This represents a 7.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Haiping Dun sold 15,000 shares of the business’s stock in a transaction that occurred on 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 transaction, 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 disclosure for this sale can be found here. Insiders sold 127,500 shares of company stock worth $2,366,363 in the last quarter. Insiders own 31.24% of the company’s stock.
Institutional Investors Weigh In On ACM Research
Several institutional investors have recently added to or reduced their stakes in the stock. Erste Asset Management GmbH bought a new stake in shares of ACM Research in the third quarter valued at about $37,000. Truvestments Capital LLC bought a new position in shares of ACM Research during the 3rd quarter worth approximately $72,000. CWM LLC lifted its position in shares of ACM Research by 128.4% in the third quarter. CWM LLC now owns 4,408 shares of the specialty retailer’s stock worth $89,000 after purchasing an additional 2,478 shares in the last quarter. Palouse Capital Management Inc. bought a new stake in ACM Research during the 2nd quarter worth about $105,000. Finally, Federated Hermes Inc. increased its position in shares of ACM Research by 453.7% during the 2nd quarter. Federated Hermes Inc. now owns 6,002 shares of the specialty retailer’s stock worth $138,000 after purchasing an additional 4,918 shares during the last quarter. 66.75% of the stock is owned by institutional investors.
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.
See Also
- Five stocks we like better than ACM Research
- Transportation Stocks Investing
- The Fed Is More Likely to Hike Than Cut Rates in 2025
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- Investors Navigate Uncertainty by Seeking Refuge in Gold and Oil
- Stock Splits, Do They Really Impact Investors?
- Archer Aviation Shares Slide, Now Bargain Priced for 2025
Receive News & Ratings for ACM Research Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ACM Research and related companies with MarketBeat.com's FREE daily email newsletter.