Insider Selling: ACM Research, Inc. (NASDAQ:ACMR) Insider Sells $363,352.00 in Stock

ACM Research, Inc. (NASDAQ:ACMR) insider Mark Mckechnie sold 16,516 shares of the company’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $22.00, for a total transaction of $363,352.00. Following the completion of the transaction, the insider now directly owns 900 shares in the company, valued at $19,800. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

ACM Research Price Performance

NASDAQ ACMR opened at $20.77 on Friday. The firm has a market cap of $1.18 billion, a P/E ratio of 15.73 and a beta of 1.52. The stock’s 50-day moving average is $18.36 and its two-hundred day moving average is $22.39. ACM Research, Inc. has a fifty-two week low of $12.53 and a fifty-two week high of $34.40. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.29 and a quick ratio of 1.26.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings data on Wednesday, August 7th. The specialty retailer reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.25. ACM Research had a return on equity of 9.16% and a net margin of 12.26%. The business had revenue of $202.50 million for the quarter, compared to the consensus estimate of $163.05 million. During the same period last year, the business earned $0.45 EPS. The firm’s revenue was up 40.0% compared to the same quarter last year. On average, analysts anticipate that ACM Research, Inc. will post 0.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Trading of ACM Research

Several large investors have recently modified their holdings of ACMR. AQR Capital Management LLC raised its holdings in ACM Research by 39.3% in the 2nd quarter. AQR Capital Management LLC now owns 178,460 shares of the specialty retailer’s stock worth $4,115,000 after acquiring an additional 50,356 shares during the period. Swiss National Bank lifted its position in shares of ACM Research by 1.2% during the 1st quarter. Swiss National Bank now owns 87,800 shares of the specialty retailer’s stock worth $2,558,000 after purchasing an additional 1,000 shares during the last quarter. Millennium Management LLC lifted its position in shares of ACM Research by 283.9% during the 2nd quarter. Millennium Management LLC now owns 924,104 shares of the specialty retailer’s stock worth $21,310,000 after purchasing an additional 683,361 shares during the last quarter. Richard P Slaughter Associates Inc boosted its stake in ACM Research by 94.9% during the 3rd quarter. Richard P Slaughter Associates Inc now owns 127,810 shares of the specialty retailer’s stock valued at $2,595,000 after purchasing an additional 62,247 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in ACM Research by 4.4% in the 1st quarter. Russell Investments Group Ltd. now owns 300,635 shares of the specialty retailer’s stock valued at $8,761,000 after buying an additional 12,593 shares during the last quarter. 66.75% of the stock is owned by 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.