Insider Selling: ACM Research, Inc. (NASDAQ:ACMR) Major Shareholder Sells $526,263.00 in Stock

ACM Research, Inc. (NASDAQ:ACMR) major shareholder Science & Technology Shanghai sold 26,300 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $20.01, for a total transaction of $526,263.00. Following the completion of the transaction, the insider now owns 3,403,906 shares in the company, valued at $68,112,159.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

ACM Research Stock Up 16.6 %

Shares of NASDAQ ACMR opened at $22.04 on Friday. ACM Research, Inc. has a one year low of $12.53 and a one year high of $34.40. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.29 and a quick ratio of 1.26. The firm’s 50 day simple moving average is $17.99 and its two-hundred day simple moving average is $22.56. The stock has a market capitalization of $1.26 billion, a P/E ratio of 16.70 and a beta of 1.52.

ACM Research (NASDAQ:ACMR) last announced its earnings results on Wednesday, August 7th. The specialty retailer reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.25. ACM Research had a net margin of 12.26% and a return on equity of 9.16%. The firm had revenue of $202.50 million for the quarter, compared to analysts’ expectations of $163.05 million. During the same quarter in the previous year, the business posted $0.45 EPS. The company’s quarterly revenue was up 40.0% on a year-over-year basis. As a group, analysts expect that ACM Research, Inc. will post 0.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ACMR shares. Needham & Company LLC restated a “buy” rating and issued a $25.00 price target on shares of ACM Research in a research report on Tuesday, October 1st. Roth Mkm reduced their target price on shares of ACM Research from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Benchmark reiterated a “buy” rating and issued a $38.00 target price on shares of ACM Research in a research note on Wednesday, August 7th.

Institutional Investors Weigh In On ACM Research

Several hedge funds and other institutional investors have recently made changes to their positions in ACMR. CWM LLC boosted its stake in ACM Research by 297.1% in the 2nd quarter. CWM LLC now owns 1,930 shares of the specialty retailer’s stock worth $45,000 after purchasing an additional 1,444 shares during the period. Picton Mahoney Asset Management purchased a new stake in shares of ACM Research during the 2nd quarter valued at about $59,000. Lazard Asset Management LLC raised its position in shares of ACM Research by 1,197.6% during the 1st quarter. Lazard Asset Management LLC now owns 3,218 shares of the specialty retailer’s stock valued at $93,000 after buying an additional 2,970 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of ACM Research during the 2nd quarter valued at about $99,000. Finally, Palouse Capital Management Inc. purchased a new stake in ACM Research in the 2nd quarter worth about $105,000. Hedge funds and other 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.