Insider Selling: ACM Research, Inc. (NASDAQ:ACMR) Insider Sells 56,250 Shares of Stock

ACM Research, Inc. (NASDAQ:ACMR) insider David H. Wang sold 56,250 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $17.89, for a total transaction of $1,006,312.50. Following the transaction, the insider now owns 654,256 shares in the company, valued at approximately $11,704,639.84. The trade was a 7.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

ACM Research Stock Down 0.5 %

ACM Research stock opened at $17.19 on Friday. The firm has a market capitalization of $990.25 million, a price-to-earnings ratio of 13.02 and a beta of 1.54. The company’s 50 day simple moving average is $19.25 and its 200 day simple moving average is $20.14. 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 fifty-two week low of $13.94 and a fifty-two week high of $34.40.

ACM Research (NASDAQ:ACMR) last announced its quarterly earnings results on Thursday, November 7th. The specialty retailer reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.35. ACM Research had a net margin of 12.38% and a return on equity of 9.07%. The company had revenue of $204.00 million for the quarter, compared to analysts’ expectations of $191.18 million. During the same period last year, the firm posted $0.41 earnings per share. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that ACM Research, Inc. will post 1.12 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lazard Asset Management LLC raised its position in shares of ACM Research by 1,197.6% during the first quarter. Lazard Asset Management LLC now owns 3,218 shares of the specialty retailer’s stock worth $93,000 after purchasing an additional 2,970 shares during the period. Janus Henderson Group PLC raised its holdings in ACM Research by 6.4% during the 1st quarter. Janus Henderson Group PLC now owns 127,519 shares of the specialty retailer’s stock worth $3,716,000 after buying an additional 7,713 shares during the period. Comerica Bank bought a new position in ACM Research in the first quarter valued at approximately $1,150,000. Virtu Financial LLC acquired a new position in shares of ACM Research in the first quarter valued at approximately $536,000. Finally, Bright Futures Wealth Management LLC. bought a new stake in shares of ACM Research during the first quarter worth $842,000. 66.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ACMR. Roth Mkm dropped their price target 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. Benchmark reiterated a “buy” rating and set a $38.00 target price on shares of ACM Research in a research report on Wednesday, August 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price objective 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.