Insider Selling: ACM Research, Inc. (NASDAQ:ACMR) Insider Sells 5,000 Shares of Stock

ACM Research, Inc. (NASDAQ:ACMRGet Free Report) insider Sotheara Cheav sold 5,000 shares of ACM Research stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $29.09, for a total transaction of $145,450.00. Following the completion of the sale, the insider now directly owns 105,002 shares in the company, valued at approximately $3,054,508.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

ACM Research Price Performance

Shares of NASDAQ:ACMR traded down $0.36 during trading on Friday, reaching $27.11. The company had a trading volume of 1,326,160 shares, compared to its average volume of 1,814,270. The company has a fifty day moving average of $22.07 and a two-hundred day moving average of $19.08. The stock has a market capitalization of $1.52 billion, a P/E ratio of 23.17 and a beta of 1.42. ACM Research, Inc. has a 12 month low of $8.75 and a 12 month high of $34.40. The company has a current ratio of 2.35, a quick ratio of 1.26 and a debt-to-equity ratio of 0.06.

ACM Research (NASDAQ:ACMRGet Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The specialty retailer reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.27. The firm had revenue of $170.30 million for the quarter, compared to analyst estimates of $149.54 million. ACM Research had a net margin of 13.87% and a return on equity of 9.23%. The business’s revenue for the quarter was up 57.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.15 EPS. Equities research analysts forecast that ACM Research, Inc. will post 1.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ACMR shares. Roth Mkm boosted their price target on shares of ACM Research from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. The Goldman Sachs Group raised shares of ACM Research from a “neutral” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Thursday, February 29th. Benchmark boosted their price objective on shares of ACM Research from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, Needham & Company LLC upped their target price on shares of ACM Research from $24.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $31.88.

Check Out Our Latest Stock Report on ACMR

Hedge Funds Weigh In On ACM Research

Institutional investors and hedge funds have recently made changes to their positions in the business. Spire Wealth Management bought a new position in shares of ACM Research during the 3rd quarter valued at $27,000. Advisor Group Holdings Inc. boosted its position in ACM Research by 166.4% during the 1st quarter. Advisor Group Holdings Inc. now owns 1,500 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 937 shares during the period. Great West Life Assurance Co. Can boosted its position in ACM Research by 210.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 1,752 shares of the specialty retailer’s stock valued at $39,000 after buying an additional 1,188 shares during the period. Federated Hermes Inc. purchased a new stake in ACM Research during the 3rd quarter valued at $46,000. Finally, Tower Research Capital LLC TRC boosted its position in ACM Research by 205.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,968 shares of the specialty retailer’s stock valued at $52,000 after buying an additional 2,670 shares during the period. Institutional investors own 59.31% of the company’s stock.

About ACM Research

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for ACM Research (NASDAQ:ACMR)

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