ACM Research, Inc. (NASDAQ:ACMR) Shares Sold by Csenge Advisory Group

Csenge Advisory Group lessened its position in ACM Research, Inc. (NASDAQ:ACMR) by 24.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,859 shares of the specialty retailer’s stock after selling 7,076 shares during the quarter. Csenge Advisory Group’s holdings in ACM Research were worth $637,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Headlands Technologies LLC purchased a new position in shares of ACM Research in the 4th quarter valued at about $66,000. Transcendent Capital Group LLC acquired a new stake in shares of ACM Research in the 4th quarter valued at about $145,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of ACM Research in the 1st quarter valued at about $279,000. Strategic Advocates LLC acquired a new stake in ACM Research during the 4th quarter worth approximately $214,000. Finally, Denali Advisors LLC acquired a new stake in ACM Research during the 1st quarter worth approximately $329,000. Hedge funds and other institutional investors own 66.75% of the company’s stock.

Insider Transactions at ACM Research

In other news, insider David H. Wang sold 90,000 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $22.81, for a total transaction of $2,052,900.00. Following the sale, the insider now owns 590,108 shares in the company, valued at $13,460,363.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider David H. Wang sold 86,090 shares of ACM Research stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $22.62, for a total transaction of $1,947,355.80. Following the sale, the insider now directly owns 504,018 shares of the company’s stock, valued at $11,400,887.16. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider David H. Wang sold 90,000 shares of ACM Research stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $22.81, for a total value of $2,052,900.00. Following the sale, the insider now directly owns 590,108 shares in the company, valued at $13,460,363.48. The disclosure for this sale can be found here. Insiders have sold 240,329 shares of company stock worth $5,440,934 over the last quarter. 31.24% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reaffirmed a “buy” rating and set a $34.00 price objective on shares of ACM Research in a research report on Thursday, May 9th.

ACM Research Price Performance

ACM Research stock traded down $0.31 during mid-day trading on Thursday, hitting $23.57. 643,600 shares of the company were exchanged, compared to its average volume of 1,474,703. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.31 and a quick ratio of 2.31. The business’s 50 day simple moving average is $23.49 and its two-hundred day simple moving average is $23.86. The company has a market capitalization of $1.34 billion, a P/E ratio of 18.09 and a beta of 1.55. ACM Research, Inc. has a 12-month low of $11.82 and a 12-month high of $34.40.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings results on Wednesday, May 8th. The specialty retailer reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.09. The company had revenue of $152.19 million during the quarter, compared to the consensus estimate of $151.00 million. ACM Research had a return on equity of 10.26% and a net margin of 13.79%. Analysts forecast that ACM Research, Inc. will post 1 earnings per share for the current fiscal year.

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.