ACM Research (NASDAQ:ACMR) Insider David Wang Sells 40,002 Shares

ACM Research, Inc. (NASDAQ:ACMR) insider David Wang sold 40,002 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $85.80, for a total value of $3,432,171.60. Following the transaction, the insider owned 802,708 shares of the company’s stock, valued at $68,872,346.40. The trade was a 4.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

ACM Research Price Performance

Shares of NASDAQ:ACMR opened at $76.29 on Friday. ACM Research, Inc. has a 1-year low of $23.03 and a 1-year high of $94.21. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.51 and a quick ratio of 2.52. The business has a fifty day moving average price of $59.44 and a 200-day moving average price of $51.75. The company has a market capitalization of $4.67 billion, a PE ratio of 58.24 and a beta of 2.01.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings results on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.08. ACM Research had a return on equity of 4.17% and a net margin of 9.48%.The firm had revenue of $231.26 million during the quarter, compared to the consensus estimate of $215.69 million. During the same period last year, the company earned $0.46 earnings per share. The company’s revenue was up 34.2% on a year-over-year basis. As a group, equities analysts expect that ACM Research, Inc. will post 1.02 EPS for the current fiscal year.

Institutional Investors Weigh In On ACM Research

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in ACM Research by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 4,972,103 shares of the specialty retailer’s stock worth $196,149,000 after buying an additional 125,690 shares in the last quarter. LSV Asset Management increased its holdings in ACM Research by 462.9% in the 3rd quarter. LSV Asset Management now owns 2,504,305 shares of the specialty retailer’s stock worth $97,993,000 after buying an additional 2,059,405 shares in the last quarter. Triata Capital Ltd increased its holdings in ACM Research by 26.0% in the 3rd quarter. Triata Capital Ltd now owns 2,003,225 shares of the specialty retailer’s stock worth $78,386,000 after buying an additional 413,000 shares in the last quarter. WCM Investment Management LLC increased its holdings in ACM Research by 16,878.8% in the 1st quarter. WCM Investment Management LLC now owns 1,860,874 shares of the specialty retailer’s stock worth $70,583,000 after buying an additional 1,849,914 shares in the last quarter. Finally, Morgan Stanley increased its holdings in ACM Research by 58.8% in the 4th quarter. Morgan Stanley now owns 1,392,306 shares of the specialty retailer’s stock worth $54,926,000 after buying an additional 515,340 shares in the last quarter. 66.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ACMR has been the subject of several analyst reports. Roth Mkm restated a “buy” rating and set a $100.00 price target on shares of ACM Research in a report on Monday. Zacks Research downgraded ACM Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings upgraded ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Seaport Research Partners assumed coverage on ACM Research in a report on Monday, May 4th. They issued a “buy” rating and a $75.00 price objective for the company. Finally, Wall Street Zen upgraded ACM Research from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $100.00.

ACM Research Company Profile

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.