ACM Research (NASDAQ:ACMR) Insider David Wang Sells 60,000 Shares

ACM Research, Inc. (NASDAQ:ACMR) insider David Wang sold 60,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $90.05, for a total transaction of $5,403,000.00. Following the completion of the sale, the insider owned 802,708 shares in the company, valued at $72,283,855.40. This represents a 6.95% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

ACM Research Price Performance

NASDAQ ACMR traded down $13.92 on Friday, hitting $76.29. 1,896,885 shares of the company were exchanged, compared to its average volume of 1,483,640. The firm has a 50 day moving average of $58.83 and a two-hundred day moving average of $51.57. The company 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 current ratio of 3.51, a quick ratio of 2.52 and a debt-to-equity ratio of 0.11. ACM Research, Inc. has a 1-year low of $23.03 and a 1-year high of $94.21.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings results on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.08. The business had revenue of $231.26 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.46 EPS. On average, equities analysts predict that ACM Research, Inc. will post 1.02 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Zacks Research downgraded shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Roth Mkm reissued a “buy” rating and set a $100.00 price objective on shares of ACM Research in a report on Monday. Weiss Ratings raised ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Wall Street Zen raised ACM Research from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Seaport Research Partners started coverage on ACM Research in a report on Monday, May 4th. They set a “buy” rating and a $75.00 price objective for the company. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $100.00.

Institutional Trading of ACM Research

A number of institutional investors and hedge funds have recently modified their holdings of ACMR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of ACM Research by 10.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,061 shares of the specialty retailer’s stock valued at $748,000 after acquiring an additional 3,065 shares during the last quarter. Caxton Associates LLP bought a new stake in shares of ACM Research in the 1st quarter valued at about $250,000. Strs Ohio bought a new stake in shares of ACM Research in the 1st quarter valued at about $133,000. Creative Planning bought a new stake in shares of ACM Research in the 2nd quarter valued at about $212,000. Finally, Norges Bank bought a new stake in shares of ACM Research in the 2nd quarter valued at about $739,000. 66.75% of the stock is owned by institutional investors.

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.