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

ACM Research, Inc. (NASDAQ:ACMR) insider David Wang sold 70,000 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $74.59, for a total value of $5,221,300.00. Following the transaction, the insider owned 802,708 shares in the company, valued at approximately $59,873,989.72. This trade represents a 8.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

ACM Research Stock Performance

NASDAQ:ACMR opened at $72.00 on Friday. The company has a current ratio of 3.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.08. ACM Research, Inc. has a 1 year low of $28.46 and a 1 year high of $127.19. The firm’s fifty day simple moving average is $81.93 and its 200 day simple moving average is $71.62. The firm has a market capitalization of $4.66 billion, a PE ratio of 34.29 and a beta of 1.96.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings results on Friday, August 7th. The specialty retailer reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.19. ACM Research had a return on equity of 4.08% and a net margin of 14.48%.The company had revenue of $292.92 million during the quarter, compared to analyst estimates of $269.28 million. During the same period in the previous year, the company earned $0.54 earnings per share. The company’s quarterly revenue was up 36.0% compared to the same quarter last year. On average, sell-side analysts anticipate that ACM Research, Inc. will post 1.68 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ACMR shares. Roth Capital set a $125.00 target price on shares of ACM Research and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Craig Hallum reaffirmed a “buy” rating and set a $100.00 price objective on shares of ACM Research in a research note on Monday, August 10th. Morgan Stanley reaffirmed an “overweight” rating and set a $130.00 price objective (up from $90.00) on shares of ACM Research in a report on Tuesday, June 23rd. Daiwa Securities Group initiated coverage on ACM Research in a report on Wednesday, August 26th. They issued a “buy” rating and a $136.00 target price on the stock. Finally, Weiss Ratings upgraded ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $122.75.

Hedge Funds Weigh In On ACM Research

A number of institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System grew its stake in shares of ACM Research by 11,899.8% during the second quarter. California State Teachers Retirement System now owns 7,575,587 shares of the specialty retailer’s stock valued at $961,266,000 after purchasing an additional 7,512,456 shares during the last quarter. WCM Investment Management LLC lifted its holdings in ACM Research by 16,878.8% during the 1st quarter. WCM Investment Management LLC now owns 1,860,874 shares of the specialty retailer’s stock worth $70,583,000 after buying an additional 1,849,914 shares in the last quarter. Morgan Stanley boosted its position in ACM Research by 58.8% in the 4th quarter. Morgan Stanley now owns 1,392,306 shares of the specialty retailer’s stock valued at $54,926,000 after buying an additional 515,340 shares during the last quarter. Geode Capital Management LLC boosted its position in ACM Research by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 1,342,899 shares of the specialty retailer’s stock valued at $52,986,000 after buying an additional 19,397 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of ACM Research by 444.5% in the 4th 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 period. 66.75% of the stock is owned by institutional investors.

About ACM Research

ACM Research, Inc develops, manufactures and sells equipment used in semiconductor manufacturing and advanced packaging. Its products are designed for wafer processing steps that help semiconductor manufacturers clean, prepare and deposit materials on silicon wafers and other substrates.

The company’s product portfolio includes single-wafer cleaning systems, wet-processing equipment, electrochemical deposition systems, furnace systems and equipment for advanced packaging applications. Its cleaning technologies include the Space Alternated Phase Shift (SAPS) and Tahoe platforms, which are intended to remove contaminants and residues while supporting the production of increasingly complex semiconductor devices.

Founded in 1998, ACM Research is headquartered in Fremont, California, and serves semiconductor manufacturers and other customers through operations and facilities in the United States, China and other international markets.