ACM Research, Inc. (NASDAQ:ACMR) Insider Sells $1,073,250.00 in Stock

ACM Research, Inc. (NASDAQ:ACMR) insider David H. Wang sold 56,250 shares of the company’s stock in a transaction dated 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 directly owns 710,506 shares of the company’s stock, valued at approximately $13,556,454.48. This represents a 7.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

ACM Research Stock Down 0.6 %

ACMR opened at $17.27 on Friday. The business has a 50 day moving average price of $19.25 and a two-hundred day moving average price of $20.18. The company has a quick ratio of 1.34, a current ratio of 2.37 and a debt-to-equity ratio of 0.10. The company has a market cap of $994.92 million, a PE ratio of 13.08 and a beta of 1.54. 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 EPS for the quarter, beating the consensus estimate of $0.28 by $0.35. The firm 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 firm’s revenue was up 21.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.41 EPS. As a group, research analysts anticipate that ACM Research, Inc. will post 1.12 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ACMR shares. Needham & Company LLC reissued a “buy” rating and issued a $25.00 target price on shares of ACM Research in a research report on Tuesday, October 1st. Roth Mkm decreased their target price on ACM Research from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Benchmark reissued a “buy” rating and issued a $38.00 target price on shares of ACM Research in a research report on Wednesday, August 7th.

Institutional Trading of ACM Research

Several institutional investors and hedge funds have recently added to or reduced their stakes in ACMR. Erste Asset Management GmbH purchased a new position in shares of ACM Research during the 3rd quarter worth approximately $37,000. CWM LLC raised its stake in shares of 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 buying an additional 1,444 shares in the last quarter. Picton Mahoney Asset Management purchased a new position in shares of ACM Research during the 2nd quarter worth approximately $59,000. Truvestments Capital LLC purchased a new position in shares of ACM Research during the 3rd quarter worth approximately $72,000. Finally, Lazard Asset Management LLC raised its stake in shares of ACM Research by 1,197.6% during the 1st 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. 66.75% of the stock is owned by hedge funds and other institutional investors.

About ACM Research

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.