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

ACM Research, Inc. (NASDAQ:ACMR) Director Haiping Dun sold 5,000 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $66.22, for a total transaction of $331,100.00. Following the completion of the transaction, the director directly owned 5,000 shares of the company’s stock, valued at approximately $331,100. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

ACM Research Stock Down 0.0%

NASDAQ ACMR traded down $0.01 on Thursday, reaching $71.59. The company had a trading volume of 967,340 shares, compared to its average volume of 1,421,629. The firm has a market capitalization of $4.38 billion, a price-to-earnings ratio of 54.65 and a beta of 1.82. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.52 and a current ratio of 3.51. ACM Research, Inc. has a 1-year low of $21.87 and a 1-year high of $72.69. The company’s fifty day moving average is $50.50 and its 200-day moving average is $47.72.

ACM Research (NASDAQ:ACMR) last announced its earnings results on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. The firm had revenue of $231.26 million during the quarter, compared to analyst estimates of $215.69 million. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. The company’s revenue for the quarter was up 34.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.46 EPS. On average, research analysts forecast that ACM Research, Inc. will post 1.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ACMR shares. Weiss Ratings raised 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. 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 objective for the company. Finally, Zacks Research downgraded shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $40.00.

Hedge Funds Weigh In On ACM Research

A number of large investors have recently modified their holdings of ACMR. Principal Financial Group Inc. raised its holdings in shares of ACM Research by 396.3% in the 3rd quarter. Principal Financial Group Inc. now owns 336,993 shares of the specialty retailer’s stock valued at $13,187,000 after purchasing an additional 269,094 shares during the period. Hussman Strategic Advisors Inc. bought a new stake in shares of ACM Research in the 3rd quarter valued at about $2,054,000. Vanguard Group Inc. raised its holdings in shares of ACM Research by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 4,972,103 shares of the specialty retailer’s stock valued at $196,149,000 after purchasing an additional 125,690 shares during the period. Belpointe Asset Management LLC bought a new stake in shares of ACM Research in the 3rd quarter valued at about $989,000. Finally, Public Sector Pension Investment Board bought a new stake in shares of ACM Research in the 3rd quarter valued at about $8,026,000. 66.75% of the stock is currently owned by institutional investors and hedge funds.

About ACM Research

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.