ACM Research (NASDAQ:ACMR) Shares Down 6.8%

ACM Research, Inc. (NASDAQ:ACMR) traded down 6.8% during mid-day trading on Wednesday . The stock traded as low as $19.52 and last traded at $19.57. Approximately 759,244 shares changed hands during trading, a decline of 48% from the average daily volume of 1,473,973 shares. The stock had previously closed at $21.00.

Analyst Upgrades and Downgrades

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

ACM Research Stock Up 0.2 %

The company has a market capitalization of $1.07 billion, a PE ratio of 14.17 and a beta of 1.55. The company’s fifty day moving average is $22.78 and its 200-day moving average is $24.07. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.31 and a current ratio of 2.31.

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

Insider Buying and Selling

In other ACM Research news, insider Jian Wang sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $22.07, for a total value of $662,100.00. Following the completion of the transaction, the insider now directly owns 253,158 shares in the company, valued at approximately $5,587,197.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Jian Wang sold 30,000 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $22.07, for a total transaction of $662,100.00. Following the completion of the transaction, the insider now owns 253,158 shares in the company, valued at $5,587,197.06. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David H. Wang sold 90,000 shares of the company’s stock in a transaction that occurred on 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. Over the last 90 days, insiders sold 240,329 shares of company stock worth $5,440,934. 31.24% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ACM Research

Several institutional investors have recently modified their holdings of the stock. CWM LLC boosted its stake in ACM Research by 297.1% during the second quarter. CWM LLC now owns 1,930 shares of the specialty retailer’s stock worth $45,000 after buying an additional 1,444 shares during the period. Lazard Asset Management LLC increased its position in shares of ACM Research by 1,197.6% during the first quarter. Lazard Asset Management LLC now owns 3,218 shares of the specialty retailer’s stock worth $93,000 after purchasing an additional 2,970 shares in the last quarter. Headlands Technologies LLC purchased a new stake in ACM Research in the fourth quarter valued at about $66,000. SG Americas Securities LLC acquired a new stake in ACM Research in the 1st quarter worth approximately $196,000. Finally, Transcendent Capital Group LLC purchased a new position in ACM Research in the 4th quarter worth $145,000. 66.75% of the stock is owned by institutional investors.

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.