ACM Research, Inc. (NASDAQ:ACMR) Insider Sells $1,006,312.50 in Stock

ACM Research, Inc. (NASDAQ:ACMR) insider David H. Wang sold 56,250 shares of ACM Research stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $17.89, for a total value of $1,006,312.50. Following the completion of the transaction, the insider now owns 654,256 shares in the company, valued at $11,704,639.84. The trade was a 7.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

ACM Research Price Performance

Shares of NASDAQ ACMR traded down $0.08 during trading hours on Friday, hitting $17.19. 984,618 shares of the stock were exchanged, compared to its average volume of 1,428,866. The company’s fifty day simple moving average is $19.25 and its two-hundred day simple moving average is $20.14. ACM Research, Inc. has a 1-year low of $13.94 and a 1-year high of $34.40. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37. The company has a market cap of $990.25 million, a PE ratio of 13.02 and a beta of 1.54.

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of ACM Research

Hedge funds and other institutional investors have recently modified their holdings of the business. Erste Asset Management GmbH purchased a new position in ACM Research in the 3rd quarter valued at approximately $37,000. CWM LLC grew its position in shares of ACM Research by 297.1% in the second quarter. CWM LLC now owns 1,930 shares of the specialty retailer’s stock valued at $45,000 after purchasing an additional 1,444 shares in the last quarter. Picton Mahoney Asset Management bought a new stake in shares of ACM Research during the 2nd quarter valued at $59,000. Lazard Asset Management LLC lifted 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 worth $93,000 after buying an additional 2,970 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new stake in ACM Research in the 3rd quarter worth approximately $72,000. Institutional investors own 66.75% of the company’s stock.

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.