Fuping Chen Sells 100,000 Shares of ACM Research (NASDAQ:ACMR) Stock

ACM Research, Inc. (NASDAQ:ACMR) insider Fuping Chen sold 100,000 shares of ACM Research stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $33.20, for a total transaction of $3,320,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Fuping Chen also recently made the following trade(s):

• On Wednesday, December 3rd, Fuping Chen sold 20,000 shares of ACM Research stock. The stock was sold at an average price of $33.06, for a total transaction of $661,200.00.

ACM Research Trading Up 2.0%

Shares of NASDAQ:ACMR traded up $0.68 on Thursday, hitting $34.62. The company had a trading volume of 850,701 shares, compared to its average volume of 1,500,063. The firm’s 50-day simple moving average is $36.77 and its two-hundred day simple moving average is $30.73. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 20.13 and a beta of 1.45. The company has a quick ratio of 2.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.10. ACM Research, Inc. has a 1 year low of $13.87 and a 1 year high of $45.12.

ACM Research (NASDAQ:ACMR) last announced its quarterly earnings results on Wednesday, November 5th. The specialty retailer reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.11). ACM Research had a net margin of 13.30% and a return on equity of 7.11%. The company had revenue of $269.16 million for the quarter, compared to analysts’ expectations of $251.72 million. During the same quarter in the prior year, the firm earned $0.63 EPS. ACM Research’s quarterly revenue was up 32.0% compared to the same quarter last year. Equities analysts anticipate that ACM Research, Inc. will post 1.17 earnings per share for the current fiscal year.

Institutional Trading of ACM Research

Institutional investors and hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its stake in shares of ACM Research by 206.8% in the third quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock worth $29,000 after buying an additional 515 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in ACM Research by 78.9% in the 3rd quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock worth $33,000 after acquiring an additional 367 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in ACM Research by 656.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 1,122 shares in the last quarter. Headlands Technologies LLC purchased a new stake in ACM Research during the 2nd quarter valued at $114,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of ACM Research by 871.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,673 shares of the specialty retailer’s stock worth $109,000 after purchasing an additional 4,192 shares in the last quarter. 66.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ACMR shares. Zacks Research lowered ACM Research from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 12th. Roth Capital reaffirmed a “buy” rating and issued a $40.00 price target on shares of ACM Research in a research note on Wednesday, November 5th. Finally, Weiss Ratings lowered ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $31.33.

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.