Insider Selling: ACM Research (NASDAQ:ACMR) Insider Sells 40,002 Shares of Stock

ACM Research, Inc. (NASDAQ:ACMR) insider David Wang sold 40,002 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $85.80, for a total value of $3,432,171.60. Following the transaction, the insider owned 802,708 shares in the company, valued at $68,872,346.40. This trade represents a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

ACM Research Trading Down 15.4%

NASDAQ:ACMR traded down $13.92 during trading hours on Friday, reaching $76.29. 1,896,885 shares of the stock were exchanged, compared to its average volume of 1,483,640. The company has a quick ratio of 2.52, a current ratio of 3.51 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average of $58.83 and a two-hundred day moving average of $51.57. ACM Research, Inc. has a twelve month low of $23.03 and a twelve month high of $94.21. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 58.24 and a beta of 2.01.

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of ACM Research

Large investors have recently modified their holdings of the stock. LSV Asset Management increased 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 buying an additional 2,059,405 shares during the last quarter. WCM Investment Management LLC increased 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 buying an additional 1,849,914 shares during the last quarter. Invesco Ltd. increased its holdings in ACM Research by 444.5% in the fourth quarter. Invesco Ltd. now owns 1,342,136 shares of the specialty retailer’s stock valued at $52,947,000 after buying an additional 1,095,634 shares during the last quarter. Janus Henderson Group PLC increased its holdings in ACM Research by 1,406.4% in the fourth quarter. Janus Henderson Group PLC now owns 1,082,982 shares of the specialty retailer’s stock valued at $42,740,000 after buying an additional 1,011,088 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings 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 buying an additional 549,971 shares during the last quarter. Hedge funds and other institutional investors own 66.75% of the company’s stock.

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.