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

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

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

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

ACM Research Price Performance

Shares of ACMR stock traded down $13.92 during mid-day trading on Friday, reaching $76.29. The company’s stock had a trading volume of 1,898,430 shares, compared to its average volume of 1,914,082. ACM Research, Inc. has a 1-year low of $23.03 and a 1-year high of $94.21. 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 debt-to-equity ratio of 0.11, a quick ratio of 2.52 and a current ratio of 3.51. The firm’s 50-day moving average is $59.44 and its two-hundred day moving average is $51.75.

ACM Research (NASDAQ:ACMR) last announced its quarterly earnings data on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, beating 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 business’s revenue was up 34.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.46 EPS. On average, research analysts predict that ACM Research, Inc. will post 1.02 earnings per share for the current year.

Institutional Investors Weigh In On ACM Research

A number of hedge funds have recently added to or reduced their stakes in ACMR. Farther Finance Advisors LLC grew its holdings in ACM Research by 90.1% during the 4th quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 308 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in ACM Research by 266.7% during the 4th quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 480 shares during the last quarter. Leonteq Securities AG bought a new stake in ACM Research during the 4th quarter worth about $28,000. Jones Financial Companies Lllp grew its holdings in ACM Research by 206.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock worth $29,000 after acquiring an additional 515 shares during the last quarter. Finally, SBI Securities Co. Ltd. grew its holdings in ACM Research by 78.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock worth $33,000 after acquiring an additional 367 shares during the last quarter. Institutional investors own 66.75% of the company’s stock.

Analyst Upgrades and Downgrades

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

About ACM Research

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.