ACM Research, Inc. (NASDAQ:ACMR) Director Sells $14,987,000.00 in Stock

ACM Research, Inc. (NASDAQ:ACMR) Director Xiao Xing sold 700,000 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $21.41, for a total value of $14,987,000.00. Following the completion of the sale, the director now owns 2,703,906 shares in the company, valued at approximately $57,890,627.46. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Xiao Xing also recently made the following trade(s):

• On Tuesday, October 8th, Xiao Xing sold 90,396 shares of ACM Research stock. The stock was sold at an average price of $21.13, for a total value of $1,910,067.48.
• On Tuesday, October 1st, Xiao Xing sold 8,304 shares of ACM Research stock. The stock was sold at an average price of $20.19, for a total value of $167,657.76.

ACM Research Price Performance

ACMR opened at $20.77 on Friday. ACM Research, Inc. has a twelve month low of $12.53 and a twelve month high of $34.40. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 15.73 and a beta of 1.52. The company has a current ratio of 2.29, a quick ratio of 1.26 and a debt-to-equity ratio of 0.07. The company has a fifty day simple moving average of $18.36 and a 200 day simple moving average of $22.39.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings results on Wednesday, August 7th. The specialty retailer reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.25. The firm had revenue of $202.50 million during the quarter, compared to the consensus estimate of $163.05 million. ACM Research had a return on equity of 9.16% and a net margin of 12.26%. ACM Research’s revenue for the quarter was up 40.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.45 earnings per share. Equities research analysts expect that ACM Research, Inc. will post 0.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ACMR. Needham & Company LLC restated a “buy” rating and set a $25.00 price objective on shares of ACM Research in a research report on Tuesday, October 1st. Roth Mkm reduced their price target on shares of ACM Research from $40.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Benchmark reissued a “buy” rating and issued a $38.00 target price on shares of ACM Research in a research note on Wednesday, August 7th.

Institutional Investors Weigh In On ACM Research

Several institutional investors and hedge funds have recently bought and sold shares of the business. Point72 Hong Kong Ltd grew its stake in ACM Research by 16.5% during the 4th quarter. Point72 Hong Kong Ltd now owns 496,494 shares of the specialty retailer’s stock worth $9,701,000 after buying an additional 70,227 shares during the last quarter. Prelude Capital Management LLC bought a new stake in ACM Research in the 4th quarter valued at about $8,640,000. Transcendent Capital Group LLC acquired a new position in ACM Research during the 4th quarter valued at about $145,000. Los Angeles Capital Management LLC acquired a new stake in shares of ACM Research in the first quarter valued at approximately $852,000. Finally, Westend Capital Management LLC bought a new stake in shares of ACM Research during the first quarter valued at approximately $4,802,000. Institutional investors and hedge funds own 66.75% of the company’s stock.

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.