ACM Research, Inc. (NASDAQ:ACMR) Insider Sells $1,073,250.00 in Stock

ACM Research, Inc. (NASDAQ:ACMR) insider David H. Wang sold 56,250 shares of ACM Research stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $19.08, for a total value of $1,073,250.00. Following the transaction, the insider now directly owns 710,506 shares in the company, valued at approximately $13,556,454.48. This trade represents a 7.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

ACM Research Stock Performance

NASDAQ:ACMR opened at $17.27 on Thursday. The firm has a market cap of $994.92 million, a price-to-earnings ratio of 13.16 and a beta of 1.54. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34. ACM Research, Inc. has a 1-year low of $13.94 and a 1-year high of $34.40. The firm’s fifty day moving average price is $19.24 and its 200 day moving average price is $20.22.

ACM Research (NASDAQ:ACMR) last issued its earnings results on Thursday, November 7th. The specialty retailer reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.35. The business had revenue of $204.00 million for the quarter, compared to the consensus estimate of $191.18 million. ACM Research had a net margin of 12.38% and a return on equity of 9.07%. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 earnings per share. On average, sell-side analysts expect that ACM Research, Inc. will post 1.12 EPS for the current year.

Hedge Funds Weigh In On ACM Research

A number of large investors have recently modified their holdings of the business. AQR Capital Management LLC grew its holdings in ACM Research by 39.3% during the second quarter. AQR Capital Management LLC now owns 178,460 shares of the specialty retailer’s stock worth $4,115,000 after acquiring an additional 50,356 shares during the period. Richard P Slaughter Associates Inc grew its stake in shares of ACM Research by 94.9% during the 3rd quarter. Richard P Slaughter Associates Inc now owns 127,810 shares of the specialty retailer’s stock worth $2,595,000 after purchasing an additional 62,247 shares during the period. Millennium Management LLC increased its holdings in shares of ACM Research by 283.9% in the 2nd quarter. Millennium Management LLC now owns 924,104 shares of the specialty retailer’s stock valued at $21,310,000 after purchasing an additional 683,361 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of ACM Research in the third quarter valued at about $1,056,000. Finally, Algert Global LLC boosted its holdings in ACM Research by 530.5% during the third quarter. Algert Global LLC now owns 177,885 shares of the specialty retailer’s stock worth $3,611,000 after buying an additional 149,670 shares in the last quarter. 66.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.