ACM Research (NASDAQ:ACMR) Insider Lisa Feng Sells 15,000 Shares

ACM Research, Inc. (NASDAQ:ACMR) insider Lisa Feng sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $33.77, for a total transaction of $506,550.00. Following the completion of the transaction, the insider directly owned 50,001 shares of the company’s stock, valued at $1,688,533.77. This trade represents a 23.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

ACM Research Stock Down 3.5%

NASDAQ ACMR traded down $1.13 during midday trading on Friday, hitting $31.51. 853,018 shares of the company traded hands, compared to its average volume of 1,528,063. ACM Research, Inc. has a 52 week low of $13.87 and a 52 week high of $45.12. The company’s 50-day simple moving average is $36.89 and its 200-day simple moving average is $29.72. The company has a market cap of $1.89 billion, a PE ratio of 19.10 and a beta of 1.44. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.45 and a quick ratio of 1.49.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings data on Wednesday, November 5th. The specialty retailer reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.11). ACM Research had a return on equity of 9.57% and a net margin of 13.76%.The company had revenue of $269.16 million for the quarter, compared to analysts’ expectations of $251.72 million. During the same quarter last year, the company earned $0.63 earnings per share. The company’s revenue for the quarter was up 32.0% compared to the same quarter last year. ACM Research has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that ACM Research, Inc. will post 1.17 earnings per share for the current year.

Institutional Trading of ACM Research

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ACMR. Jones Financial Companies Lllp grew its stake in ACM Research by 206.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 515 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of ACM Research by 78.9% during the third quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 367 shares during the period. EverSource Wealth Advisors LLC boosted its position in ACM Research by 656.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock valued at $33,000 after buying an additional 1,122 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in ACM Research by 871.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,673 shares of the specialty retailer’s stock worth $109,000 after buying an additional 4,192 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new position in ACM Research in the 1st quarter worth approximately $114,000. Institutional investors and hedge funds own 66.75% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on ACMR. Weiss Ratings upgraded shares of ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. Roth Capital reissued a “buy” rating and issued a $40.00 price objective on shares of ACM Research in a research report on Wednesday, November 5th. Finally, Zacks Research lowered ACM Research from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.75.

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.