Haiping Dun Sells 5,000 Shares of ACM Research (NASDAQ:ACMR) Stock

ACM Research, Inc. (NASDAQ:ACMR) Director Haiping Dun sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $66.22, for a total transaction of $331,100.00. Following the transaction, the director owned 5,000 shares of the company’s stock, valued at $331,100. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

ACM Research Trading Up 2.5%

NASDAQ ACMR opened at $73.35 on Friday. The firm has a 50 day moving average of $51.48 and a two-hundred day moving average of $48.11. ACM Research, Inc. has a 52 week low of $21.87 and a 52 week high of $76.36. The company has a quick ratio of 2.52, a current ratio of 3.51 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $4.49 billion, a PE ratio of 55.99 and a beta of 1.82.

ACM Research (NASDAQ:ACMR) last issued its earnings results on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.08. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. The business had revenue of $231.26 million during the quarter, compared to analysts’ expectations of $215.69 million. During the same quarter in the prior year, the business posted $0.46 EPS. The company’s revenue for the quarter was up 34.2% on a year-over-year basis. As a group, research analysts expect that ACM Research, Inc. will post 1.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ACMR. Wall Street Zen upgraded shares of ACM Research from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research cut shares of ACM Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings upgraded shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Finally, Seaport Research Partners began coverage on shares of ACM Research in a report on Monday, May 4th. They issued a “buy” rating and a $75.00 target price for the company. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, ACM Research presently has a consensus rating of “Hold” and a consensus price target of $40.00.

Institutional Trading of ACM Research

A number of large investors have recently bought and sold shares of the business. Maryland State Retirement & Pension System boosted its stake in ACM Research by 2.2% during the 4th quarter. Maryland State Retirement & Pension System now owns 7,764 shares of the specialty retailer’s stock worth $306,000 after purchasing an additional 168 shares during the period. MML Investors Services LLC boosted its stake in ACM Research by 1.0% during the 4th quarter. MML Investors Services LLC now owns 22,851 shares of the specialty retailer’s stock worth $901,000 after purchasing an additional 217 shares during the period. First Growth Capital LLC boosted its stake in ACM Research by 5.4% during the 1st quarter. First Growth Capital LLC now owns 5,598 shares of the specialty retailer’s stock worth $226,000 after purchasing an additional 285 shares during the period. GAMMA Investing LLC boosted its stake in ACM Research by 38.8% during the 4th quarter. GAMMA Investing LLC now owns 1,070 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 299 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake 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 purchasing an additional 308 shares during the period. Institutional investors and hedge funds 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.