ACM Research (NASDAQ:ACMR) Shares Up 6.2%

ACM Research, Inc. (NASDAQ:ACMR)’s share price traded up 6.2% on Monday . The stock traded as high as $21.63 and last traded at $21.35. 243,871 shares were traded during trading, a decline of 83% from the average session volume of 1,473,790 shares. The stock had previously closed at $20.11.

Analyst Ratings Changes

Separately, Needham & Company LLC reissued a “buy” rating and set a $34.00 price objective on shares of ACM Research in a research note on Thursday, May 9th.

ACM Research Stock Up 6.0 %

The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.31 and a current ratio of 2.31. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 15.80 and a beta of 1.55. The firm’s fifty day simple moving average is $23.06 and its 200 day simple moving average is $24.09.

ACM Research (NASDAQ:ACMR) last announced its earnings results on Wednesday, May 8th. The specialty retailer reported $0.30 EPS for the quarter, topping the consensus estimate of $0.21 by $0.09. The firm had revenue of $152.19 million for the quarter, compared to the consensus estimate of $151.00 million. ACM Research had a net margin of 13.79% and a return on equity of 10.26%. On average, sell-side analysts forecast that ACM Research, Inc. will post 1 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider David H. Wang sold 90,000 shares of ACM Research stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $22.81, for a total value of $2,052,900.00. Following the sale, the insider now directly owns 590,108 shares in the company, valued at $13,460,363.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider David H. Wang sold 90,000 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $22.81, for a total transaction of $2,052,900.00. Following the transaction, the insider now directly owns 590,108 shares in the company, valued at $13,460,363.48. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Jian Wang sold 30,000 shares of the business’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $22.07, for a total transaction of $662,100.00. Following the transaction, the insider now owns 253,158 shares in the company, valued at $5,587,197.06. The disclosure for this sale can be found here. In the last three months, insiders have sold 240,329 shares of company stock worth $5,440,934. Company insiders own 31.24% of the company’s stock.

Hedge Funds Weigh In On ACM Research

A number of institutional investors have recently added to or reduced their stakes in the company. Hussman Strategic Advisors Inc. increased its holdings in ACM Research by 0.3% during the first quarter. Hussman Strategic Advisors Inc. now owns 157,500 shares of the specialty retailer’s stock worth $4,590,000 after buying an additional 500 shares during the last quarter. Swiss National Bank boosted its position in ACM Research by 1.2% during the first quarter. Swiss National Bank now owns 87,800 shares of the specialty retailer’s stock worth $2,558,000 after purchasing an additional 1,000 shares during the period. Trexquant Investment LP boosted its position in shares of ACM Research by 8.1% in the fourth quarter. Trexquant Investment LP now owns 18,543 shares of the specialty retailer’s stock valued at $362,000 after acquiring an additional 1,383 shares during the period. CWM LLC boosted its position in shares of ACM Research by 297.1% in the second quarter. CWM LLC now owns 1,930 shares of the specialty retailer’s stock valued at $45,000 after acquiring an additional 1,444 shares during the period. Finally, Watershed Asset Management L.L.C. boosted its position in shares of ACM Research by 11.0% in the fourth quarter. Watershed Asset Management L.L.C. now owns 15,933 shares of the specialty retailer’s stock valued at $311,000 after acquiring an additional 1,582 shares during the period. 66.75% of the stock is currently owned by institutional investors and hedge funds.

ACM Research Company Profile

ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.