ACM Research (NASDAQ:ACMR) Insider Fuping Chen Sells 20,000 Shares

ACM Research, Inc. (NASDAQ:ACMR) insider Fuping Chen sold 20,000 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $33.06, for a total transaction of $661,200.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Fuping Chen also recently made the following trade(s):

• On Tuesday, December 2nd, Fuping Chen sold 100,000 shares of ACM Research stock. The stock was sold at an average price of $33.20, for a total transaction of $3,320,000.00.

ACM Research Trading Up 2.0%

Shares of ACMR traded up $0.68 during trading hours on Thursday, hitting $34.62. 850,701 shares of the stock were exchanged, compared to its average volume of 1,500,063. ACM Research, Inc. has a fifty-two week low of $13.87 and a fifty-two week high of $45.12. The business has a 50-day moving average of $36.77 and a 200-day moving average of $30.73. The firm has a market capitalization of $2.07 billion, a P/E ratio of 20.13 and a beta of 1.45. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.48 and a quick ratio of 2.48.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings data on Wednesday, November 5th. The specialty retailer reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.11). ACM Research had a return on equity of 7.11% and a net margin of 13.30%.The business had revenue of $269.16 million during the quarter, compared to the consensus estimate of $251.72 million. During the same period last year, the business posted $0.63 earnings per share. The business’s revenue was up 32.0% on a year-over-year basis. On average, research analysts expect that ACM Research, Inc. will post 1.17 EPS for the current year.

Hedge Funds Weigh In On ACM Research

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in ACM Research by 12.8% in the third quarter. Vanguard Group Inc. now owns 4,846,413 shares of the specialty retailer’s stock valued at $189,640,000 after purchasing an additional 549,971 shares in the last quarter. LSV Asset Management increased its holdings in shares of 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 during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of ACM Research by 39.3% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,302,351 shares of the specialty retailer’s stock valued at $59,631,000 after buying an additional 649,116 shares in the last quarter. Triata Capital Ltd lifted its holdings in shares of ACM Research by 26.0% during the 3rd quarter. Triata Capital Ltd now owns 2,003,225 shares of the specialty retailer’s stock worth $78,386,000 after acquiring an additional 413,000 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of ACM Research by 32.5% during the 2nd quarter. Federated Hermes Inc. now owns 1,421,688 shares of the specialty retailer’s stock worth $36,822,000 after acquiring an additional 348,936 shares during the last quarter. 66.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ACMR shares. Weiss Ratings downgraded shares of ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Zacks Research cut shares of ACM Research from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 12th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $40.00 target price on shares of ACM Research in a research report on Wednesday, November 5th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, ACM Research currently has an average rating of “Hold” and an average target price of $31.33.

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.