ACM Research, Inc. Expected to Post Q3 2024 Earnings of $0.37 Per Share (NASDAQ:ACMR)

ACM Research, Inc. (NASDAQ:ACMR) – Stock analysts at Roth Capital lifted their Q3 2024 earnings per share (EPS) estimates for ACM Research in a report issued on Friday, April 26th. Roth Capital analyst S. Desilva now forecasts that the specialty retailer will post earnings of $0.37 per share for the quarter, up from their prior estimate of $0.34. The consensus estimate for ACM Research’s current full-year earnings is $1.22 per share. Roth Capital also issued estimates for ACM Research’s Q1 2025 earnings at $0.26 EPS, Q3 2025 earnings at $0.53 EPS and Q4 2025 earnings at $0.70 EPS.

A number of other research analysts have also commented on the stock. The Goldman Sachs Group upgraded shares of ACM Research from a “neutral” rating to a “buy” rating and set a $39.00 price objective on the stock in a research note on Thursday, February 29th. Benchmark upped their price objective on ACM Research from $35.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Roth Mkm raised their target price on ACM Research from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Finally, Needham & Company LLC boosted their price target on shares of ACM Research from $24.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $31.88.

ACM Research Stock Down 4.5 %

ACM Research stock opened at $25.52 on Monday. ACM Research has a 52 week low of $8.75 and a 52 week high of $34.40. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 21.81 and a beta of 1.39. The company’s 50-day moving average price is $28.29 and its two-hundred day moving average price is $21.60. The company has a current ratio of 2.35, a quick ratio of 1.26 and a debt-to-equity ratio of 0.06.

ACM Research (NASDAQ:ACMR) last announced its quarterly earnings results on Wednesday, February 28th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.27. ACM Research had a return on equity of 9.23% and a net margin of 13.87%. The company had revenue of $170.30 million during the quarter, compared to analyst estimates of $149.54 million. During the same quarter in the previous year, the firm posted $0.15 EPS. The firm’s quarterly revenue was up 57.0% on a year-over-year basis.

Insider Buying and Selling

In other news, Director Tracy Liu sold 12,500 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $25.20, for a total transaction of $315,000.00. Following the completion of the sale, the director now directly owns 110,772 shares of the company’s stock, valued at $2,791,454.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Tracy Liu sold 12,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $25.20, for a total transaction of $315,000.00. Following the sale, the director now owns 110,772 shares in the company, valued at $2,791,454.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sotheara Cheav sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $29.09, for a total transaction of $145,450.00. Following the completion of the transaction, the insider now directly owns 105,002 shares of the company’s stock, valued at approximately $3,054,508.18. The disclosure for this sale can be found here. Insiders have sold 149,434 shares of company stock worth $4,375,572 in the last three months. 33.63% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in shares of ACM Research in the 3rd quarter valued at about $473,000. Raymond James Financial Services Advisors Inc. purchased a new stake in ACM Research in the 3rd quarter worth approximately $704,000. Bank of New York Mellon Corp boosted its stake in shares of ACM Research by 18.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 190,205 shares of the specialty retailer’s stock valued at $3,444,000 after buying an additional 29,360 shares during the period. Total Clarity Wealth Management Inc. grew its holdings in shares of ACM Research by 7.8% during the 3rd quarter. Total Clarity Wealth Management Inc. now owns 44,750 shares of the specialty retailer’s stock valued at $810,000 after acquiring an additional 3,250 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of ACM Research by 32.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,727 shares of the specialty retailer’s stock worth $230,000 after acquiring an additional 3,113 shares during the last quarter. 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.