Sotheara Cheav Sells 5,399 Shares of ACM Research (NASDAQ:ACMR) Stock

ACM Research, Inc. (NASDAQ:ACMR) insider Sotheara Cheav sold 5,399 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $83.18, for a total transaction of $449,088.82. Following the completion of the transaction, the insider owned 100,002 shares in the company, valued at approximately $8,318,166.36. This trade represents a 5.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Sotheara Cheav also recently made the following trade(s):

• On Thursday, June 4th, Sotheara Cheav sold 13,351 shares of ACM Research stock. The stock was sold at an average price of $85.15, for a total transaction of $1,136,837.65.

ACM Research Price Performance

Shares of NASDAQ:ACMR opened at $76.29 on Friday. ACM Research, Inc. has a twelve month low of $23.03 and a twelve month high of $94.21. The company’s 50 day moving average is $59.44 and its 200 day moving average is $51.75. The company has a current ratio of 3.51, a quick ratio of 2.52 and a debt-to-equity ratio of 0.11. The company has a market cap of $4.67 billion, a PE ratio of 58.24 and a beta of 2.01.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings results on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share for the quarter, topping 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 company had revenue of $231.26 million for the quarter, compared to the consensus estimate of $215.69 million. During the same quarter in the prior year, the company earned $0.46 EPS. ACM Research’s quarterly revenue was up 34.2% on a year-over-year basis. On average, sell-side analysts forecast that ACM Research, Inc. will post 1.02 EPS for the current year.

Institutional Investors Weigh In On ACM Research

Institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its stake in ACM Research by 90.1% in the 4th quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 308 shares during the period. Hantz Financial Services Inc. grew its stake in ACM Research by 266.7% in the 4th quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 480 shares during the period. Leonteq Securities AG acquired a new stake in ACM Research in the 4th quarter valued at $28,000. Jones Financial Companies Lllp grew its stake in ACM Research by 206.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock valued at $29,000 after acquiring an additional 515 shares during the period. Finally, SBI Securities Co. Ltd. grew its stake in ACM Research by 78.9% in the 3rd quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 367 shares during the period. Institutional investors and hedge funds own 66.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ACMR. Weiss Ratings upgraded shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Seaport Research Partners began coverage on shares of ACM Research in a research note on Monday, May 4th. They set a “buy” rating and a $75.00 price objective on the stock. Wall Street Zen raised shares of ACM Research from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research cut shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $100.00 price objective on shares of ACM Research in a research note on Monday, June 1st. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, ACM Research presently has an average rating of “Hold” and a consensus target price 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.