ACM Research (NASDAQ:ACMR) Insider David Wang Sells 60,000 Shares

ACM Research, Inc. (NASDAQ:ACMR) insider David Wang sold 60,000 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $90.05, for a total transaction of $5,403,000.00. Following the completion of the sale, the insider directly owned 802,708 shares in the company, valued at $72,283,855.40. This trade represents a 6.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

ACM Research Price Performance

Shares of ACMR stock opened at $76.29 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.51 and a quick ratio of 2.52. The company has a market capitalization of $4.67 billion, a P/E ratio of 58.24 and a beta of 2.01. The company’s 50-day simple moving average is $59.44 and its two-hundred day simple moving average is $51.75. ACM Research, Inc. has a one year low of $23.03 and a one year high of $94.21.

ACM Research (NASDAQ:ACMR) last issued its earnings results on Thursday, May 7th. The specialty retailer reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. The business had revenue of $231.26 million for the quarter, compared to the consensus estimate of $215.69 million. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. The company’s revenue for the quarter was up 34.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 EPS. As a group, equities analysts anticipate that ACM Research, Inc. will post 1.02 EPS for the current year.

Hedge Funds Weigh In On ACM Research

Hedge funds and other institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. boosted its stake in shares of ACM Research by 396.3% during the third quarter. Principal Financial Group Inc. now owns 336,993 shares of the specialty retailer’s stock valued at $13,187,000 after purchasing an additional 269,094 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in shares of ACM Research during the fourth quarter valued at approximately $1,054,000. Vanguard Group Inc. boosted its stake in shares of ACM Research by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 4,972,103 shares of the specialty retailer’s stock valued at $196,149,000 after purchasing an additional 125,690 shares in the last quarter. Thompson Siegel & Walmsley LLC boosted its stake in shares of ACM Research by 71.8% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 188,500 shares of the specialty retailer’s stock valued at $7,436,000 after purchasing an additional 78,800 shares in the last quarter. Finally, Public Sector Pension Investment Board bought a new position in shares of ACM Research during the third quarter valued at approximately $8,026,000. 66.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on ACMR shares. Zacks Research downgraded shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Roth Mkm restated a “buy” rating and issued a $100.00 target price on shares of ACM Research in a research note on Monday. Seaport Research Partners started coverage on shares of ACM Research in a research note on Monday, May 4th. They issued a “buy” rating and a $75.00 target price on the stock. Weiss Ratings upgraded shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Finally, Wall Street Zen upgraded shares of ACM Research from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, ACM Research 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.