ACM Research (NASDAQ:ACMR) Insider Sells $5,403,000.00 in Stock

ACM Research, Inc. (NASDAQ:ACMR) insider David Wang sold 60,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $90.05, for a total transaction of $5,403,000.00. Following the transaction, the insider directly owned 802,708 shares in the company, valued at $72,283,855.40. This trade represents a 6.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

ACM Research Stock Performance

ACMR stock traded down $13.92 on Friday, reaching $76.29. 1,896,885 shares of the company were exchanged, compared to its average volume of 1,483,640. ACM Research, Inc. has a 12 month low of $23.03 and a 12 month high of $94.21. The stock’s fifty day moving average price is $58.83 and its 200 day moving average price is $51.57. The firm has a market capitalization of $4.67 billion, a PE ratio of 58.24 and a beta of 2.01. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.51 and a quick ratio of 2.52.

ACM Research (NASDAQ:ACMR) last announced its earnings results on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. The business had revenue of $231.26 million for the quarter, compared to analyst estimates of $215.69 million. During the same quarter in the previous year, the firm posted $0.46 earnings per share. ACM Research’s revenue was up 34.2% compared to the same quarter last year. On average, research analysts anticipate that ACM Research, Inc. will post 1.02 EPS for the current fiscal year.

Institutional Investors Weigh In On ACM Research

Institutional investors and hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its stake in shares of ACM Research by 90.1% in the 4th quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 308 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in shares of ACM Research by 266.7% in the 4th quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 480 shares in the last quarter. Leonteq Securities AG acquired a new stake in shares of ACM Research in the 4th quarter valued at $28,000. Jones Financial Companies Lllp boosted its stake in shares of ACM Research by 206.8% in 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 in the last quarter. Finally, SBI Securities Co. Ltd. boosted its stake in shares of ACM Research by 78.9% in the 3rd quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 367 shares in the last quarter. Institutional investors and hedge funds own 66.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ACMR. Weiss Ratings upgraded shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Wall Street Zen upgraded shares of ACM Research from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research downgraded shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Seaport Research Partners began coverage on shares of ACM Research in a research note on Monday, May 4th. They set a “buy” rating and a $75.00 price target on the stock. Finally, Roth Mkm reiterated a “buy” rating and set a $100.00 price target on shares of ACM Research in a research note on Monday. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, ACM Research has an average rating of “Hold” and a consensus target price of $100.00.

ACM Research Company Profile

ACM Research, Inc (NASDAQ:ACMR) designs, develops and markets wet processing equipment for the semiconductor industry. The company focuses on advanced wafer cleaning technologies that address critical contamination-control requirements for logic, memory and advanced packaging applications. Since its founding in 2003, ACM Research has engineered modular platform tools that can be configured for a range of spin, scrub and batch cleaning processes.

Its product portfolio encompasses single-wafer spin cleaning systems featuring high-purity megasonic capabilities, dynamic chemical scrubbing modules for post-CMP residue removal and batch-process cleaning equipment designed for high-throughput production environments.