ACM Research (NASDAQ:ACMR) Reaches New 1-Year Low – Should You Sell?

Shares of ACM Research, Inc. (NASDAQ:ACMR) reached a new 52-week low on Friday . The stock traded as low as $13.87 and last traded at $14.10, with a volume of 6060097 shares traded. The stock had previously closed at $16.57.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ACMR. Needham & Company LLC lowered ACM Research from a “buy” rating to a “hold” rating and set a $25.00 target price on the stock. in a research report on Wednesday. Craig Hallum cut 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 report on Thursday. Finally, Roth Mkm lowered their price objective on shares of ACM Research from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

ACM Research Trading Down 14.9 %

The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34. The firm has a fifty day simple moving average of $19.06 and a 200-day simple moving average of $19.92. The firm has a market cap of $812.30 million, a P/E ratio of 10.68 and a beta of 1.48.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings results on Thursday, November 7th. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.35. The business had revenue of $204.00 million during the quarter, compared to the consensus estimate of $191.18 million. ACM Research had a net margin of 12.38% and a return on equity of 9.07%. ACM Research’s revenue was up 21.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 EPS. On average, equities research analysts expect that ACM Research, Inc. will post 1.12 earnings per share for the current year.

Insider Activity

In other news, Director Xiao Xing sold 8,304 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $20.19, for a total value of $167,657.76. Following the transaction, the director now owns 3,430,206 shares in the company, valued at $69,255,859.14. This trade represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Science & Technology Shanghai sold 26,300 shares of the company’s 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 sale, the insider now owns 3,403,906 shares of the company’s stock, valued at $68,112,159.06. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,244,016 shares of company stock worth $26,939,953 over the last three months. 31.24% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Erste Asset Management GmbH purchased a new stake in ACM Research in the 3rd quarter valued at about $37,000. CWM LLC boosted its stake in shares of ACM Research by 297.1% in the 2nd quarter. CWM LLC now owns 1,930 shares of the specialty retailer’s stock worth $45,000 after buying an additional 1,444 shares during the last quarter. Picton Mahoney Asset Management bought a new position in shares of ACM Research in the second quarter valued at approximately $59,000. Truvestments Capital LLC purchased a new stake in shares of ACM Research during the third quarter valued at approximately $72,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in ACM Research during the second quarter worth $99,000. 66.75% of the stock is currently owned by hedge funds and other 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.