ACM Research, Inc. (NASDAQ:ACMR) Director Sells $286,800.00 in Stock

ACM Research, Inc. (NASDAQ:ACMR) Director Haiping Dun sold 15,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $19.12, for a total transaction of $286,800.00. Following the transaction, the director now owns 774,148 shares of the company’s stock, valued at approximately $14,801,709.76. The trade was a 1.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

ACM Research Stock Performance

Shares of ACM Research stock traded down $1.07 on Tuesday, hitting $17.37. The stock had a trading volume of 1,874,123 shares, compared to its average volume of 1,431,481. The company’s 50 day moving average price is $19.23 and its 200 day moving average price is $20.26. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 13.97 and a beta of 1.54. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10. ACM Research, Inc. has a 52-week low of $13.94 and a 52-week high of $34.40.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings data on Thursday, November 7th. The specialty retailer reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.35. The business had revenue of $204.00 million during the quarter, compared to the consensus estimate of $191.18 million. ACM Research had a return on equity of 9.07% and a net margin of 12.38%. The company’s revenue was up 21.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.41 earnings per share. On average, research analysts anticipate that ACM Research, Inc. will post 1.12 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ACMR. Roth Mkm cut their target price on ACM Research from $40.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Benchmark reiterated a “buy” rating and issued a $38.00 price target on shares of ACM Research in a research note on Wednesday, August 7th. Finally, Needham & Company LLC restated a “buy” rating and issued a $25.00 target price on shares of ACM Research in a report on Tuesday, October 1st.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ACMR. Erste Asset Management GmbH acquired a new stake in shares of ACM Research during the third quarter worth about $37,000. CWM LLC raised its stake in ACM Research by 297.1% during the 2nd quarter. CWM LLC now owns 1,930 shares of the specialty retailer’s stock valued at $45,000 after acquiring an additional 1,444 shares during the last quarter. Picton Mahoney Asset Management acquired a new stake in ACM Research during the 2nd quarter worth approximately $59,000. Truvestments Capital LLC purchased a new position in shares of ACM Research in the 3rd quarter valued at approximately $72,000. Finally, Lazard Asset Management LLC increased its holdings in shares of ACM Research by 1,197.6% in the first quarter. Lazard Asset Management LLC now owns 3,218 shares of the specialty retailer’s stock valued at $93,000 after purchasing an additional 2,970 shares during the period. 66.75% of the stock is currently owned by institutional investors and hedge funds.

ACM Research Company Profile

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.