ACM Research (NASDAQ:ACMR) Shares Gap Down After Insider Selling

ACM Research, Inc. (NASDAQ:ACMR) gapped down before the market opened on Monday after an insider sold shares in the company. The stock had previously closed at $17.19, but opened at $16.75. ACM Research shares last traded at $15.61, with a volume of 1,215,659 shares.

Specifically, insider David H. Wang sold 56,250 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $17.89, for a total transaction of $1,006,312.50. Following the sale, the insider now directly owns 654,256 shares of the company’s stock, valued at approximately $11,704,639.84. This represents a 7.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider David H. Wang sold 56,250 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $19.08, for a total value of $1,073,250.00. Following the transaction, the insider now owns 710,506 shares in the company, valued at $13,556,454.48. This represents a 7.34 % decrease in their position. The disclosure for this sale can be found here. In other news, Director Haiping Dun sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $19.12, for a total value of $286,800.00. Following the transaction, the director now owns 774,148 shares in the company, valued at $14,801,709.76. This trade represents a 1.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Analysts Set New Price Targets

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

ACM Research Stock Performance

The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10. The firm’s fifty day moving average price is $19.25 and its 200 day moving average price is $20.10. The stock has a market capitalization of $899.29 million, a price-to-earnings ratio of 12.11 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.35. The firm had revenue of $204.00 million for 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 quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 EPS. Analysts forecast that ACM Research, Inc. will post 1.12 EPS for the current fiscal year.

Institutional Trading of ACM Research

Several hedge funds have recently modified their holdings of ACMR. Erste Asset Management GmbH purchased a new stake in ACM Research during the 3rd quarter worth about $37,000. CWM LLC grew its holdings in ACM Research by 297.1% during the 2nd quarter. CWM LLC now owns 1,930 shares of the specialty retailer’s stock worth $45,000 after acquiring an additional 1,444 shares in the last quarter. Picton Mahoney Asset Management acquired a new stake in shares of ACM Research in the 2nd quarter valued at $59,000. Truvestments Capital LLC purchased a new position in shares of ACM Research in the 3rd quarter valued at about $72,000. Finally, Lazard Asset Management LLC raised its position in ACM Research by 1,197.6% in the 1st 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 last quarter. 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.