ACM Research (ACMR) to Release Earnings on Friday

Posted by on Apr 28th, 2023

ACM Research (NASDAQ:ACMR – Get Rating) will post its quarterly earnings results before the market opens on Friday, May 5th. Analysts expect ACM Research to post earnings of ($0.10) per share for the quarter. ACM Research has set its FY 2023 guidance at EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

ACM Research (NASDAQ:ACMR – Get Rating) last posted its quarterly earnings results on Friday, February 24th. The specialty retailer reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.08. The firm had revenue of $108.54 million for the quarter, compared to analyst estimates of $98.03 million. ACM Research had a net margin of 10.10% and a return on equity of 5.92%. On average, analysts expect ACM Research to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ACM Research Trading Down 2.3 %

ACM Research stock opened at $9.34 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.44 and a current ratio of 2.43. The firm has a market cap of $510.72 million, a price-to-earnings ratio of 15.83 and a beta of 1.16. ACM Research has a 1 year low of $5.46 and a 1 year high of $20.24. The firm’s 50 day moving average price is $11.22 and its two-hundred day moving average price is $9.96.

Wall Street Analyst Weigh In

ACMR has been the topic of several recent research reports. Needham & Company LLC restated a “buy” rating and issued a $15.00 price target (up previously from $12.00) on shares of ACM Research in a research report on Monday, February 27th. Jefferies Financial Group cut shares of ACM Research from a “hold” rating to an “underperform” rating and lifted their price objective for the stock from $7.00 to $8.00 in a research report on Monday, February 27th. Benchmark reiterated a “buy” rating and set a $32.00 price objective on shares of ACM Research in a research report on Monday, February 27th. Finally, Morgan Stanley upgraded shares of ACM Research from an “underweight” rating to an “overweight” rating in a research report on Monday, March 6th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $18.33.

Insider Activity

In related news, Director Haiping Dun sold 37,500 shares of the company’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $12.06, for a total value of $452,250.00. Following the completion of the sale, the director now directly owns 889,116 shares in the company, valued at $10,722,738.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other ACM Research news, insider Lisa Feng sold 22,500 shares of the company’s stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $12.37, for a total transaction of $278,325.00. Following the completion of the sale, the insider now directly owns 50,001 shares in the company, valued at $618,512.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Haiping Dun sold 37,500 shares of the stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $12.06, for a total transaction of $452,250.00. Following the completion of the sale, the director now owns 889,116 shares of the company’s stock, valued at approximately $10,722,738.96. The disclosure for this sale can be found here. 33.96% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. increased its holdings in shares of ACM Research by 166.4% during the first quarter. Advisor Group Holdings Inc. now owns 1,500 shares of the specialty retailer’s stock worth $31,000 after buying an additional 937 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of ACM Research by 231.7% during the first quarter. JPMorgan Chase & Co. now owns 10,599 shares of the specialty retailer’s stock worth $220,000 after buying an additional 7,404 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of ACM Research by 212.6% during the first quarter. Bank of New York Mellon Corp now owns 33,000 shares of the specialty retailer’s stock worth $683,000 after buying an additional 22,445 shares in the last quarter. Citigroup Inc. increased its holdings in shares of ACM Research by 69.9% during the first quarter. Citigroup Inc. now owns 7,203 shares of the specialty retailer’s stock worth $149,000 after buying an additional 2,963 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in shares of ACM Research by 194.7% in the first quarter. BlackRock Inc. now owns 693,370 shares of the specialty retailer’s stock valued at $14,346,000 after purchasing an additional 458,096 shares in the last quarter. Institutional investors and hedge funds own 64.18% of the company’s stock.

About ACM Research

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ACM Research, Inc engages in the development, manufacture, and sale of single-wafer wet cleaning equipment. It supplies process solutions that semi conductor manufacturers can use in numerous manufacturing steps to remove particles, contaminants and other random defects, and thereby improve product yield.

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Earnings History for ACM Research (NASDAQ:ACMR)

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