Sotheara Cheav Sells 5,399 Shares of ACM Research (NASDAQ:ACMR) Stock

ACM Research, Inc. (NASDAQ:ACMR) insider Sotheara Cheav sold 5,399 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $83.18, for a total transaction of $449,088.82. Following the sale, the insider directly owned 100,002 shares of the company’s stock, valued at approximately $8,318,166.36. This represents a 5.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Sotheara Cheav also recently made the following trade(s):

• On Thursday, June 4th, Sotheara Cheav sold 13,351 shares of ACM Research stock. The stock was sold at an average price of $85.15, for a total transaction of $1,136,837.65.

ACM Research Stock Performance

NASDAQ:ACMR traded down $13.92 during trading hours on Friday, hitting $76.29. 1,898,430 shares of the company traded hands, compared to its average volume of 1,914,082. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of 58.24 and a beta of 2.01. ACM Research, Inc. has a twelve month low of $23.03 and a twelve month high of $94.21. The firm has a 50-day moving average of $59.44 and a 200 day moving average of $51.75. The company has a current ratio of 3.51, a quick ratio of 2.52 and a debt-to-equity ratio of 0.11.

ACM Research (NASDAQ:ACMR) last released its earnings results on Thursday, May 7th. The specialty retailer reported $0.34 EPS for the quarter, beating the consensus estimate of $0.26 by $0.08. The firm had revenue of $231.26 million during the quarter, compared to analysts’ expectations of $215.69 million. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. The business’s quarterly revenue was up 34.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.46 EPS. On average, analysts forecast that ACM Research, Inc. will post 1.02 EPS for the current year.

Hedge Funds Weigh In On ACM Research

A number of hedge funds have recently made changes to their positions in ACMR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of ACM Research by 10.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,061 shares of the specialty retailer’s stock valued at $748,000 after buying an additional 3,065 shares in the last quarter. Caxton Associates LLP acquired a new position in shares of ACM Research in the 1st quarter valued at $250,000. Strs Ohio acquired a new position in shares of ACM Research in the 1st quarter valued at $133,000. Creative Planning acquired a new position in shares of ACM Research in the 2nd quarter valued at $212,000. Finally, Norges Bank acquired a new position in shares of ACM Research in the 2nd quarter valued at $739,000. Institutional investors and hedge funds own 66.75% of the company’s stock.

Analysts Set New Price Targets

ACMR has been the subject of several research analyst reports. Zacks Research cut shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Roth Mkm reiterated a “buy” rating and set a $100.00 target price on shares of ACM Research in a research note on Monday. 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. Seaport Research Partners initiated coverage on shares of ACM Research in a research note on Monday, May 4th. They set a “buy” rating and a $75.00 target price for the company. Finally, Wall Street Zen upgraded shares of ACM Research from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company 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.