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

ACM Research, Inc. (NASDAQ:ACMR) insider David H. Wang sold 56,250 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $19.08, for a total value of $1,073,250.00. Following the transaction, the insider now owns 710,506 shares of the company’s stock, valued at $13,556,454.48. This trade represents a 7.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

ACM Research Stock Performance

Shares of ACM Research stock opened at $17.27 on Thursday. The business has a 50-day simple moving average of $19.24 and a 200-day simple moving average of $20.22. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37. ACM Research, Inc. has a one year low of $13.94 and a one year high of $34.40. The company has a market cap of $994.92 million, a PE ratio of 13.16 and a beta of 1.54.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings results on Thursday, November 7th. The specialty retailer reported $0.63 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $191.18 million. During the same quarter in the previous year, the business posted $0.41 EPS. The firm’s revenue was up 21.0% on a year-over-year basis. On average, equities research analysts forecast that ACM Research, Inc. will post 1.12 EPS for the current fiscal year.

Institutional Trading of ACM Research

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cim LLC boosted its position 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 worth $387,000 after acquiring an additional 1,326 shares in the last quarter. Sei Investments Co. lifted its stake in ACM Research by 6.7% during the second quarter. Sei Investments Co. now owns 21,736 shares of the specialty retailer’s stock worth $501,000 after purchasing an additional 1,358 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in 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 purchasing an additional 1,382 shares during the last quarter. CWM LLC raised its holdings in ACM Research by 297.1% during the second quarter. CWM LLC now owns 1,930 shares of the specialty retailer’s stock worth $45,000 after purchasing an additional 1,444 shares in the last quarter. Finally, Erste Asset Management GmbH purchased a new stake in shares of ACM Research during the 3rd quarter worth approximately $37,000. 66.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on ACMR. Benchmark reissued a “buy” rating and set a $38.00 price target on shares of ACM Research in a research report on Wednesday, August 7th. Needham & Company LLC reiterated a “buy” rating and set a $25.00 target price on shares of ACM Research in a report on Tuesday, October 1st. Finally, Roth Mkm decreased 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 report on Thursday, August 8th.

About ACM Research

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.