Sotheara Cheav Sells 13,351 Shares of ACM Research (NASDAQ:ACMR) Stock

ACM Research, Inc. (NASDAQ:ACMR) insider Sotheara Cheav sold 13,351 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $85.15, for a total value of $1,136,837.65. Following the sale, the insider directly owned 100,002 shares in the company, valued at approximately $8,515,170.30. This represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, June 5th, Sotheara Cheav sold 5,399 shares of ACM Research stock. The stock was sold at an average price of $83.18, for a total value of $449,088.82.

ACM Research Price Performance

Shares of ACMR stock traded down $13.92 during trading hours on Friday, hitting $76.29. The stock had a trading volume of 1,898,430 shares, compared to its average volume of 1,914,082. ACM Research, Inc. has a one year low of $23.03 and a one year high of $94.21. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.51 and a quick ratio of 2.52. The stock’s 50-day moving average price is $59.44 and its two-hundred day moving average price is $51.75. The stock 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 issued its quarterly earnings data on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share for the quarter, topping the consensus estimate 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 previous year, the firm posted $0.46 earnings per share. The firm’s revenue for the quarter was up 34.2% on a year-over-year basis. Equities analysts forecast that ACM Research, Inc. will post 1.02 EPS for the current year.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ACMR. Maryland State Retirement & Pension System lifted its holdings in ACM Research by 2.2% during the fourth quarter. Maryland State Retirement & Pension System now owns 7,764 shares of the specialty retailer’s stock worth $306,000 after buying an additional 168 shares during the period. MML Investors Services LLC lifted its holdings in ACM Research by 1.0% during the fourth quarter. MML Investors Services LLC now owns 22,851 shares of the specialty retailer’s stock worth $901,000 after buying an additional 217 shares during the period. First Growth Capital LLC lifted its holdings in ACM Research by 5.4% during the first quarter. First Growth Capital LLC now owns 5,598 shares of the specialty retailer’s stock worth $226,000 after buying an additional 285 shares during the period. GAMMA Investing LLC lifted its holdings in ACM Research by 38.8% during the fourth quarter. GAMMA Investing LLC now owns 1,070 shares of the specialty retailer’s stock worth $42,000 after buying an additional 299 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in ACM Research by 90.1% during the fourth quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock worth $26,000 after buying an additional 308 shares during the period. 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.