ACM Research, Inc. (NASDAQ:ACMR) Insider David H. Wang Sells 56,250 Shares

ACM Research, Inc. (NASDAQ:ACMR) insider David H. Wang sold 56,250 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $17.89, for a total value of $1,006,312.50. Following the completion of the transaction, the insider now owns 654,256 shares in the company, valued at approximately $11,704,639.84. This trade represents a 7.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

ACM Research Price Performance

NASDAQ ACMR opened at $17.19 on Monday. The business’s fifty day moving average is $19.25 and its 200 day moving average is $20.10. ACM Research, Inc. has a fifty-two week low of $13.94 and a fifty-two week high of $34.40. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37. The company has a market capitalization of $990.32 million, a PE ratio of 13.02 and a beta of 1.54.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings data on Thursday, November 7th. The specialty retailer reported $0.63 earnings per share 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%. The business’s quarterly revenue was up 21.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 EPS. Sell-side analysts predict that ACM Research, Inc. will post 1.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

ACMR has been the topic of a number of recent research reports. Benchmark reissued a “buy” rating and issued a $38.00 target price on shares of ACM Research in a report on Wednesday, August 7th. Roth Mkm lowered their price objective on shares of ACM Research from $40.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, Needham & Company LLC restated a “buy” rating and set a $25.00 target price on shares of ACM Research in a research report on Tuesday, October 1st.

Institutional Trading of ACM Research

A number of hedge funds and other institutional investors have recently modified their holdings of ACMR. Cim LLC lifted its stake in shares of ACM Research by 8.6% during the 2nd quarter. Cim LLC now owns 16,788 shares of the specialty retailer’s stock valued at $387,000 after buying an additional 1,326 shares in the last quarter. Sei Investments Co. lifted its position in shares of ACM Research by 6.7% in the second quarter. Sei Investments Co. now owns 21,736 shares of the specialty retailer’s stock valued at $501,000 after acquiring an additional 1,358 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of ACM Research by 7.6% in the second quarter. The Manufacturers Life Insurance Company now owns 19,454 shares of the specialty retailer’s stock valued at $449,000 after acquiring an additional 1,382 shares in the last quarter. CWM LLC boosted its stake in shares of ACM Research by 297.1% in the second quarter. CWM LLC now owns 1,930 shares of the specialty retailer’s stock worth $45,000 after acquiring an additional 1,444 shares during the period. Finally, Erste Asset Management GmbH purchased a new stake in shares of ACM Research during the third quarter worth about $37,000. 66.75% of the stock is owned by hedge funds and other institutional investors.

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.