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 firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $19.08, for a total value of $1,073,250.00. Following the completion of the transaction, the insider now directly owns 710,506 shares of the company’s stock, valued at $13,556,454.48. The trade was a 7.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

ACM Research Price Performance

Shares of NASDAQ:ACMR opened at $17.27 on Friday. The business’s fifty day moving average price is $19.25 and its two-hundred day moving average price is $20.18. The stock has a market cap of $994.92 million, a PE ratio of 13.08 and a beta of 1.54. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37. ACM Research, Inc. has a one year low of $13.94 and a one year high of $34.40.

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

Institutional Investors Weigh In On ACM Research

Hedge funds have recently made changes to their positions in the business. Erste Asset Management GmbH acquired a new stake in shares of ACM Research during the third quarter worth $37,000. CWM LLC boosted its holdings in shares of ACM Research by 297.1% during the second quarter. CWM LLC now owns 1,930 shares of the specialty retailer’s stock worth $45,000 after purchasing an additional 1,444 shares during the last quarter. Picton Mahoney Asset Management acquired a new stake in shares of ACM Research during the second quarter worth $59,000. Truvestments Capital LLC acquired a new stake in shares of ACM Research during the third quarter worth $72,000. Finally, Lazard Asset Management LLC boosted its holdings in shares of ACM Research by 1,197.6% during the first quarter. Lazard Asset Management LLC now owns 3,218 shares of the specialty retailer’s stock worth $93,000 after purchasing an additional 2,970 shares during the last quarter. Institutional investors and hedge funds own 66.75% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on ACMR. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price objective on shares of ACM Research in a research note on Tuesday, October 1st. Roth Mkm dropped their price objective 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, Benchmark reaffirmed a “buy” rating and issued a $38.00 price objective on shares of ACM Research in a research note on Wednesday, August 7th.

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.