ACM Research, Inc. (NASDAQ:ACMR) Insider David H. Wang Sells 56,250 Shares

ACM Research, Inc. (NASDAQ:ACMR) insider David H. Wang sold 56,250 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $19.08, for a total value of $1,073,250.00. Following the transaction, the insider now directly owns 710,506 shares of the company’s stock, valued at approximately $13,556,454.48. This represents a 7.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

ACM Research Stock Down 5.8 %

ACM Research stock opened at $17.37 on Wednesday. ACM Research, Inc. has a fifty-two week low of $13.94 and a fifty-two week high of $34.40. 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 company has a market capitalization of $1.00 billion, a P/E ratio of 13.16 and a beta of 1.54. The stock has a 50-day simple moving average of $19.23 and a 200-day simple moving average of $20.26.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings data on Thursday, November 7th. The specialty retailer reported $0.63 EPS for the quarter, beating the consensus estimate of $0.28 by $0.35. The firm had revenue of $204.00 million during the quarter, compared to the consensus estimate of $191.18 million. ACM Research had a return on equity of 9.07% and a net margin of 12.38%. The firm’s revenue was up 21.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.41 EPS. Equities research analysts expect that ACM Research, Inc. will post 1.12 earnings per share for the current year.

Institutional Trading of ACM Research

Several institutional investors and hedge funds have recently added to or reduced their stakes in ACMR. Erste Asset Management GmbH purchased a new stake in ACM Research during the 3rd quarter valued at approximately $37,000. CWM LLC raised its stake in ACM Research by 297.1% during the 2nd quarter. CWM LLC now owns 1,930 shares of the specialty retailer’s stock valued at $45,000 after acquiring an additional 1,444 shares during the last quarter. Picton Mahoney Asset Management purchased a new stake in ACM Research during the 2nd quarter valued at approximately $59,000. Truvestments Capital LLC purchased a new stake in ACM Research during the 3rd quarter valued at approximately $72,000. Finally, Lazard Asset Management LLC raised its stake in ACM Research by 1,197.6% during the 1st quarter. Lazard Asset Management LLC now owns 3,218 shares of the specialty retailer’s stock valued at $93,000 after acquiring an additional 2,970 shares during the last quarter. 66.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Benchmark reissued a “buy” rating and issued a $38.00 target price on shares of ACM Research in a report on Wednesday, August 7th. Needham & Company LLC reissued a “buy” rating and issued a $25.00 target price on shares of ACM Research in a report on Tuesday, October 1st. Finally, Roth Mkm reduced their target price on ACM Research from $40.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, August 8th.

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.