ACM Research (NASDAQ:ACMR) Insider Sotheara Cheav Sells 5,399 Shares

ACM Research, Inc. (NASDAQ:ACMR) insider Sotheara Cheav sold 5,399 shares of ACM Research stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $83.18, for a total transaction of $449,088.82. Following the transaction, the insider owned 100,002 shares of the company’s stock, valued at approximately $8,318,166.36. The trade was a 5.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Sotheara Cheav also recently made the following trade(s):

• On Thursday, June 4th, Sotheara Cheav sold 13,351 shares of ACM Research stock. The stock was sold at an average price of $85.15, for a total transaction of $1,136,837.65.

ACM Research Stock Performance

Shares of ACMR opened at $76.29 on Friday. The company has a current ratio of 3.51, a quick ratio of 2.52 and a debt-to-equity ratio of 0.11. The stock has a market cap of $4.67 billion, a P/E ratio of 58.24 and a beta of 2.01. The company has a 50-day moving average of $59.44 and a two-hundred day moving average of $51.75. ACM Research, Inc. has a 12-month low of $23.03 and a 12-month high of $94.21.

ACM Research (NASDAQ:ACMR) last announced its earnings results on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. The company had revenue of $231.26 million during the quarter, compared to analysts’ expectations of $215.69 million. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. The firm’s quarterly revenue was up 34.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 earnings per share. As a group, research analysts predict that ACM Research, Inc. will post 1.02 EPS for the current fiscal year.

Institutional Investors Weigh In On ACM Research

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in ACM Research by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 4,972,103 shares of the specialty retailer’s stock valued at $196,149,000 after purchasing an additional 125,690 shares during the period. LSV Asset Management grew its holdings in ACM Research by 462.9% in the third quarter. LSV Asset Management now owns 2,504,305 shares of the specialty retailer’s stock valued at $97,993,000 after purchasing an additional 2,059,405 shares during the period. Triata Capital Ltd grew its holdings in ACM Research by 26.0% in the third quarter. Triata Capital Ltd now owns 2,003,225 shares of the specialty retailer’s stock valued at $78,386,000 after purchasing an additional 413,000 shares during the period. WCM Investment Management LLC grew its holdings in ACM Research by 16,878.8% in the first quarter. WCM Investment Management LLC now owns 1,860,874 shares of the specialty retailer’s stock valued at $70,583,000 after purchasing an additional 1,849,914 shares during the period. Finally, Morgan Stanley grew its holdings in ACM Research by 58.8% in the fourth quarter. Morgan Stanley now owns 1,392,306 shares of the specialty retailer’s stock valued at $54,926,000 after purchasing an additional 515,340 shares during the period. 66.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ACMR. Zacks Research downgraded shares of ACM Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Wall Street Zen upgraded shares of ACM Research from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Roth Mkm reiterated a “buy” rating and set a $100.00 price target on shares of ACM Research in a report on Monday. Seaport Research Partners began coverage on shares of ACM Research in a report on Monday, May 4th. They set a “buy” rating and a $75.00 price target for the company. Finally, Weiss Ratings upgraded shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, ACM Research presently has a consensus rating of “Hold” and an average target price of $100.00.

ACM Research Company Profile

ACM Research, Inc (NASDAQ:ACMR) designs, develops and markets wet processing equipment for the semiconductor industry. The company focuses on advanced wafer cleaning technologies that address critical contamination-control requirements for logic, memory and advanced packaging applications. Since its founding in 2003, ACM Research has engineered modular platform tools that can be configured for a range of spin, scrub and batch cleaning processes.

Its product portfolio encompasses single-wafer spin cleaning systems featuring high-purity megasonic capabilities, dynamic chemical scrubbing modules for post-CMP residue removal and batch-process cleaning equipment designed for high-throughput production environments.