ACM Research (ACMR) to Release Quarterly Earnings on Wednesday

ACM Research (NASDAQ:ACMR) is expected to be issuing its quarterly earnings data before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.31 per share and revenue of $194.93 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

ACM Research Trading Up 1.3 %

Shares of NASDAQ ACMR opened at $24.08 on Wednesday. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 18.24 and a beta of 1.58. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37. The business has a 50 day simple moving average of $17.77 and a 200 day simple moving average of $18.19. ACM Research has a 52 week low of $13.87 and a 52 week high of $34.40.

Analyst Ratings Changes

ACMR has been the subject of a number of recent analyst reports. Needham & Company LLC cut ACM Research from a “buy” rating to a “hold” rating and set a $25.00 target price for the company. in a research report on Wednesday, December 4th. Craig Hallum lowered ACM Research from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $30.00 to $18.00 in a research note on Thursday, December 5th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $30.00.

Insider Activity at ACM Research

In related news, insider Sotheara Cheav sold 22,598 shares of ACM Research stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $23.00, for a total value of $519,754.00. Following the completion of the sale, the insider now directly owns 100,002 shares in the company, valued at $2,300,046. This trade represents a 18.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Haiping Dun sold 15,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $19.12, for a total value of $286,800.00. Following the transaction, the director now owns 774,148 shares of the company’s stock, valued at $14,801,709.76. The trade was a 1.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 150,098 shares of company stock valued at $2,886,117 over the last ninety days. 31.24% of the stock is owned by insiders.

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.