Insider Selling: ACM Research (NASDAQ:ACMR) Director Sells $405,650.00 in Stock

ACM Research, Inc. (NASDAQ:ACMR) Director Haiping Dun sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $81.13, for a total value of $405,650.00. Following the completion of the transaction, the director owned 5,000 shares in the company, valued at approximately $405,650. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

ACM Research Stock Performance

NASDAQ:ACMR opened at $79.41 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.66 and a quick ratio of 2.66. The business has a fifty day simple moving average of $91.11 and a two-hundred day simple moving average of $70.43. ACM Research, Inc. has a 1 year low of $26.10 and a 1 year high of $127.19. The company has a market capitalization of $5.13 billion, a P/E ratio of 37.81 and a beta of 1.96.

ACM Research (NASDAQ:ACMR) last issued its earnings results on Friday, August 7th. The specialty retailer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.19. The firm had revenue of $292.92 million for the quarter, compared to analyst estimates of $269.28 million. ACM Research had a return on equity of 4.08% and a net margin of 14.48%.The business’s revenue was up 36.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 earnings per share. On average, analysts expect that ACM Research, Inc. will post 1.68 earnings per share for the current year.

Wall Street Analyst Weigh In

ACMR has been the subject of several recent research reports. Zacks Research upgraded shares of ACM Research from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. Weiss Ratings raised shares of ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Morgan Stanley reiterated an “overweight” rating and issued a $130.00 price objective (up from $90.00) on shares of ACM Research in a research note on Tuesday, June 23rd. Wall Street Zen raised shares of ACM Research from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Craig Hallum restated a “buy” rating and set a $100.00 target price on shares of ACM Research in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $118.33.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ACMR. Farther Finance Advisors LLC raised its position in shares of ACM Research by 90.1% in the fourth quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock worth $26,000 after buying an additional 308 shares in the last quarter. Hantz Financial Services Inc. grew its position in ACM Research by 266.7% during the fourth quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock worth $26,000 after buying an additional 480 shares in the last quarter. Leonteq Securities AG purchased a new position in ACM Research during the fourth quarter worth about $28,000. Harbor Investment Advisory LLC grew its position in ACM Research by 195.2% during the second quarter. Harbor Investment Advisory LLC now owns 738 shares of the specialty retailer’s stock worth $94,000 after buying an additional 488 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in ACM Research by 381.0% in the 1st quarter. NewEdge Advisors LLC now owns 1,087 shares of the specialty retailer’s stock worth $43,000 after acquiring an additional 861 shares during the last quarter. 66.75% of the stock is currently owned by hedge funds and other institutional investors.

About ACM Research

ACM Research, Inc (NASDAQ:ACMR) designs, develops and markets wet processing equipment for the semiconductor industry. The company focuses on advanced wafer cleaning technologies that address critical contamination-control requirements for logic, memory and advanced packaging applications. Since its founding in 2003, ACM Research has engineered modular platform tools that can be configured for a range of spin, scrub and batch cleaning processes.

Its product portfolio encompasses single-wafer spin cleaning systems featuring high-purity megasonic capabilities, dynamic chemical scrubbing modules for post-CMP residue removal and batch-process cleaning equipment designed for high-throughput production environments.