Roth Capital Equities Analysts Increase Earnings Estimates for ACM Research, Inc. (NASDAQ:ACMR)

ACM Research, Inc. (NASDAQ:ACMR) – Investment analysts at Roth Capital upped their Q3 2024 earnings per share estimates for shares of ACM Research in a research 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 analysts also recently issued reports on the company. The Goldman Sachs Group raised 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. Roth Mkm increased their price objective on shares of ACM Research from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Benchmark lifted their price objective on shares of ACM Research from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Finally, Needham & Company LLC upped their target price on shares of ACM Research from $24.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Five analysts have rated the stock with a buy rating, According to MarketBeat, ACM Research currently has a consensus rating of “Buy” and an average target price of $31.88.

ACM Research Trading Down 1.1 %

Shares of ACMR stock opened at $26.73 on Monday. The company has a current ratio of 2.35, a quick ratio of 1.26 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 22.85 and a beta of 1.39. ACM Research has a 12-month low of $8.75 and a 12-month high of $34.40. The stock’s 50-day moving average price is $28.15 and its 200-day moving average price is $21.55.

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

Insiders Place Their Bets

In other news, insider Lisa Feng sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $25.20, for a total value of $189,000.00. Following the completion of the sale, the insider now owns 50,001 shares in the company, valued at approximately $1,260,025.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Tracy Liu sold 12,500 shares of the business’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 transaction, the director now owns 110,772 shares in the company, valued at approximately $2,791,454.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Lisa Feng sold 7,500 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $25.20, for a total value of $189,000.00. Following the completion of the transaction, the insider now directly owns 50,001 shares in the company, valued at approximately $1,260,025.20. The disclosure for this sale can be found here. Insiders sold 149,434 shares of company stock valued at $4,375,572 over the last three months. 33.63% of the stock is owned by company insiders.

Hedge Funds Weigh In On ACM Research

A number of hedge funds have recently added to or reduced their stakes in ACMR. Vanguard Group Inc. increased its stake in shares of ACM Research by 10.9% during the third quarter. Vanguard Group Inc. now owns 4,082,835 shares of the specialty retailer’s stock valued at $73,920,000 after buying an additional 399,854 shares during the period. Allspring Global Investments Holdings LLC increased its position in ACM Research by 65.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 473,178 shares of the specialty retailer’s stock valued at $9,246,000 after purchasing an additional 186,754 shares during the period. Ariose Capital Management Ltd lifted its position in shares of ACM Research by 163.8% in the 4th quarter. Ariose Capital Management Ltd now owns 1,980,671 shares of the specialty retailer’s stock worth $38,702,000 after purchasing an additional 1,229,839 shares during the period. HighTower Advisors LLC bought a new position in shares of ACM Research during the third quarter valued at approximately $1,091,000. Finally, Watershed Asset Management L.L.C. increased its holdings in ACM Research by 11.0% during the fourth quarter. Watershed Asset Management L.L.C. now owns 15,933 shares of the specialty retailer’s stock valued at $311,000 after buying an additional 1,582 shares during the period. 66.75% of the stock is currently owned by institutional investors.

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.