ACM Research (NASDAQ:ACMR) Insider David Wang Sells 70,000 Shares

ACM Research, Inc. (NASDAQ:ACMR) insider David Wang sold 70,000 shares of the stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $74.59, for a total value of $5,221,300.00. Following the completion of the transaction, the insider owned 802,708 shares in the company, valued at $59,873,989.72. This represents a 8.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

ACM Research Price Performance

Shares of ACMR opened at $72.39 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.66 and a current ratio of 3.66. The firm has a market cap of $4.68 billion, a PE ratio of 34.47 and a beta of 1.96. The firm’s 50 day moving average price is $82.45 and its 200 day moving average price is $71.62. ACM Research, Inc. has a twelve month low of $28.46 and a twelve month high of $127.19.

ACM Research (NASDAQ:ACMR) last posted its earnings results on Friday, August 7th. The specialty retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.42 by $0.19. The company had revenue of $292.92 million during the quarter, compared to the consensus estimate of $269.28 million. ACM Research had a net margin of 14.48% and a return on equity of 4.08%. The company’s revenue for the quarter was up 36.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 earnings per share. As a group, research analysts expect that ACM Research, Inc. will post 1.68 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Daiwa Securities Group began coverage on ACM Research in a report on Wednesday, August 26th. They set a “buy” rating and a $136.00 target price on the stock. Zacks Research upgraded ACM Research from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. Craig Hallum reissued a “buy” rating and set a $100.00 price objective on shares of ACM Research in a report on Monday, August 10th. Weiss Ratings raised ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Finally, Roth Capital set a $125.00 target price on ACM Research and gave the stock a “buy” rating in a report on Wednesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $122.75.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Hantz Financial Services Inc. increased its stake in shares of ACM Research by 266.7% in the fourth quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 480 shares during the period. Leonteq Securities AG bought a new stake in ACM Research during the 4th quarter valued at approximately $28,000. Harbor Investment Advisory LLC grew its holdings in ACM Research by 195.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 738 shares of the specialty retailer’s stock valued at $94,000 after buying an additional 488 shares during the last quarter. NewEdge Advisors LLC grew its holdings in ACM Research by 381.0% in the 1st quarter. NewEdge Advisors LLC now owns 1,087 shares of the specialty retailer’s stock valued at $43,000 after buying an additional 861 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in ACM Research by 656.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock worth $33,000 after buying an additional 1,122 shares during the period. Institutional investors and hedge funds 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.