David Wang Sells 60,000 Shares of ACM Research (NASDAQ:ACMR) Stock

ACM Research, Inc. (NASDAQ:ACMR) insider David Wang sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $34.12, for a total transaction of $2,047,200.00. Following the sale, the insider directly owned 802,708 shares of the company’s stock, valued at $27,388,396.96. This trade represents a 6.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

ACM Research Stock Up 1.4%

ACMR stock traded up $0.48 during midday trading on Friday, hitting $35.10. The company’s stock had a trading volume of 601,211 shares, compared to its average volume of 1,496,202. The firm’s 50-day moving average is $36.71 and its 200-day moving average is $30.76. The company has a current ratio of 3.48, a quick ratio of 2.48 and a debt-to-equity ratio of 0.10. ACM Research, Inc. has a 12 month low of $14.22 and a 12 month high of $45.12. The company has a market cap of $2.10 billion, a PE ratio of 20.41 and a beta of 1.45.

ACM Research (NASDAQ:ACMR) last posted its earnings results on Wednesday, November 5th. The specialty retailer reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.11). ACM Research had a return on equity of 7.11% and a net margin of 13.30%.The business had revenue of $269.16 million during the quarter, compared to the consensus estimate of $251.72 million. During the same period in the previous year, the business posted $0.63 EPS. The firm’s revenue for the quarter was up 32.0% on a year-over-year basis. On average, equities research analysts forecast that ACM Research, Inc. will post 1.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Zacks Research lowered ACM Research from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 12th. Roth Capital reiterated 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 cut shares of ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, ACM Research has an average rating of “Hold” and an average price target of $38.00.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its position in 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 purchasing an additional 515 shares during the last quarter. SBI Securities Co. Ltd. lifted its stake in shares of 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 purchasing an additional 367 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of ACM Research by 656.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 1,122 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in shares of ACM Research by 871.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 4,673 shares of the specialty retailer’s stock worth $109,000 after buying an additional 4,192 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in ACM Research during the second quarter valued at approximately $114,000. Institutional investors own 66.75% of the company’s stock.

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.