ACM Research, Inc. (NASDAQ:ACMR) Insider David H. Wang Sells 56,250 Shares

ACM Research, Inc. (NASDAQ:ACMR) insider David H. Wang sold 56,250 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $19.08, for a total value of $1,073,250.00. Following the sale, the insider now directly owns 710,506 shares in the company, valued at $13,556,454.48. This represents a 7.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

ACM Research Stock Performance

Shares of ACM Research stock opened at $17.37 on Wednesday. ACM Research, Inc. has a one year low of $13.94 and a one year high of $34.40. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37. The company has a market cap of $1.00 billion, a price-to-earnings ratio of 13.16 and a beta of 1.54. The business’s 50 day moving average price is $19.23 and its 200 day moving average price is $20.26.

ACM Research (NASDAQ:ACMR) last posted its earnings results on Thursday, November 7th. The specialty retailer reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.35. ACM Research had a return on equity of 9.07% and a net margin of 12.38%. The company had revenue of $204.00 million for the quarter, compared to the consensus estimate of $191.18 million. During the same quarter in the previous year, the business earned $0.41 earnings per share. The company’s revenue for the quarter was up 21.0% on a year-over-year basis. On average, research analysts predict that ACM Research, Inc. will post 1.12 EPS for the current year.

Wall Street Analyst Weigh In

ACMR has been the topic of a number of analyst reports. Roth Mkm dropped their target price on ACM Research from $40.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Needham & Company LLC restated a “buy” rating and issued a $25.00 target price on shares of ACM Research in a research report on Tuesday, October 1st. Finally, Benchmark restated a “buy” rating and issued a $38.00 target price on shares of ACM Research in a research report on Wednesday, August 7th.

Institutional Investors Weigh In On ACM Research

Institutional investors have recently modified their holdings of the company. AQR Capital Management LLC grew its stake in shares of ACM Research by 39.3% in the second quarter. AQR Capital Management LLC now owns 178,460 shares of the specialty retailer’s stock valued at $4,115,000 after buying an additional 50,356 shares in the last quarter. Richard P Slaughter Associates Inc boosted its position in shares of ACM Research by 94.9% during the 3rd quarter. Richard P Slaughter Associates Inc now owns 127,810 shares of the specialty retailer’s stock worth $2,595,000 after acquiring an additional 62,247 shares in the last quarter. Millennium Management LLC boosted its position in shares of ACM Research by 283.9% during the 2nd quarter. Millennium Management LLC now owns 924,104 shares of the specialty retailer’s stock worth $21,310,000 after acquiring an additional 683,361 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of ACM Research during the 3rd quarter worth about $1,056,000. Finally, Algert Global LLC boosted its position in shares of ACM Research by 530.5% during the 3rd quarter. Algert Global LLC now owns 177,885 shares of the specialty retailer’s stock worth $3,611,000 after acquiring an additional 149,670 shares in the last quarter. 66.75% of the stock is 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.