ACM Research, Inc. (NASDAQ:ACMR) Insider Sells $1,006,312.50 in Stock

ACM Research, Inc. (NASDAQ:ACMR) insider David H. Wang sold 56,250 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $17.89, for a total value of $1,006,312.50. Following the completion of the sale, the insider now owns 654,256 shares of the company’s stock, valued at approximately $11,704,639.84. This represents a 7.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

ACM Research Stock Performance

Shares of NASDAQ:ACMR traded down $0.08 on Friday, reaching $17.19. 984,618 shares of the company’s stock were exchanged, compared to its average volume of 1,428,866. The company has a quick ratio of 1.34, a current ratio of 2.37 and a debt-to-equity ratio of 0.10. ACM Research, Inc. has a fifty-two week low of $13.94 and a fifty-two week high of $34.40. The business’s 50-day moving average is $19.25 and its two-hundred day moving average is $20.14. The firm has a market capitalization of $990.25 million, a price-to-earnings ratio of 13.02 and a beta of 1.54.

ACM Research (NASDAQ:ACMR) last issued its earnings results on Thursday, November 7th. The specialty retailer reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.35. ACM Research had a return on equity of 9.07% and a net margin of 12.38%. The firm had revenue of $204.00 million for the quarter, compared to analyst estimates of $191.18 million. During the same period last year, the company earned $0.41 earnings per share. The firm’s revenue for the quarter was up 21.0% on a year-over-year basis. As a group, equities research analysts forecast that ACM Research, Inc. will post 1.12 EPS for the current year.

Analyst Ratings Changes

ACMR has been the subject of a number of analyst reports. Benchmark reissued a “buy” rating and issued a $38.00 price objective on shares of ACM Research in a research report on Wednesday, August 7th. Needham & Company LLC reissued a “buy” rating and set a $25.00 price target on shares of ACM Research in a research report on Tuesday, October 1st. Finally, Roth Mkm dropped their target price on shares of ACM Research from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, August 8th.

Institutional Investors Weigh In On ACM Research

A number of institutional investors and hedge funds have recently modified their holdings of ACMR. Geode Capital Management LLC lifted its holdings in shares of ACM Research by 2.3% in the third quarter. Geode Capital Management LLC now owns 1,180,741 shares of the specialty retailer’s stock valued at $23,973,000 after purchasing an additional 26,620 shares in the last quarter. Barclays PLC boosted its position in ACM Research by 63.3% during the third quarter. Barclays PLC now owns 137,584 shares of the specialty retailer’s stock valued at $2,793,000 after purchasing an additional 53,319 shares during the last quarter. XTX Topco Ltd purchased a new position in ACM Research in the third quarter valued at about $700,000. Portolan Capital Management LLC increased its position in ACM Research by 7.7% in the 3rd quarter. Portolan Capital Management LLC now owns 921,451 shares of the specialty retailer’s stock worth $18,705,000 after purchasing an additional 65,616 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of ACM Research by 2.5% during the 3rd quarter. Janus Henderson Group PLC now owns 117,125 shares of the specialty retailer’s stock worth $2,378,000 after purchasing an additional 2,832 shares in the last quarter. 66.75% of the stock is owned by institutional investors and hedge funds.

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.