ACM Research (NASDAQ:ACMR) Trading Down 3.1%

Shares of ACM Research, Inc. (NASDAQ:ACMR) were down 3.1% during mid-day trading on Friday . The stock traded as low as $16.00 and last traded at $16.01. Approximately 67,877 shares traded hands during trading, a decline of 95% from the average daily volume of 1,450,199 shares. The stock had previously closed at $16.53.

Analysts Set New Price Targets

Several brokerages recently issued reports on ACMR. Roth Mkm reduced their price objective 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. Benchmark restated a “buy” rating and issued a $38.00 price target on shares of ACM Research in a research report on Wednesday, August 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $28.00 price objective on shares of ACM Research in a research report on Thursday, August 8th.

ACM Research Price Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.26 and a current ratio of 2.29. The stock has a market capitalization of $898.68 million, a price-to-earnings ratio of 12.52 and a beta of 1.55. The business’s 50 day simple moving average is $20.09 and its 200-day simple moving average is $23.94.

ACM Research (NASDAQ:ACMR) last posted its earnings results on Wednesday, August 7th. The specialty retailer reported $0.55 EPS for the quarter, beating the consensus estimate of $0.30 by $0.25. ACM Research had a return on equity of 9.16% and a net margin of 12.26%. The firm had revenue of $202.50 million for the quarter, compared to analysts’ expectations of $163.05 million. During the same period last year, the firm earned $0.45 EPS. The firm’s revenue was up 40.0% compared to the same quarter last year. Research analysts anticipate that ACM Research, Inc. will post 0.92 earnings per share for the current year.

Institutional Trading of ACM Research

A number of institutional investors have recently made changes to their positions in the stock. Swiss National Bank raised its holdings in ACM Research by 1.2% during the first quarter. Swiss National Bank now owns 87,800 shares of the specialty retailer’s stock worth $2,558,000 after purchasing an additional 1,000 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in ACM Research by 4.4% during the first quarter. Russell Investments Group Ltd. now owns 300,635 shares of the specialty retailer’s stock valued at $8,761,000 after buying an additional 12,593 shares in the last quarter. Quadrature Capital Ltd bought a new position in ACM Research during the first quarter valued at about $1,207,000. Prelude Capital Management LLC acquired a new position in ACM Research during the fourth quarter worth about $8,640,000. Finally, Comerica Bank bought a new stake in ACM Research in the first quarter worth about $1,150,000. 66.75% of the stock is owned by institutional investors and hedge funds.

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.