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

ACM Research, Inc. (NASDAQ:ACMR) Director Haiping Dun sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $81.13, for a total transaction of $405,650.00. Following the completion of the sale, the director directly owned 5,000 shares in the company, valued at approximately $405,650. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

ACM Research Trading Up 1.2%

ACM Research stock opened at $78.52 on Friday. ACM Research, Inc. has a 52 week low of $24.93 and a 52 week high of $127.19. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.66 and a current ratio of 3.66. The stock has a market capitalization of $5.08 billion, a P/E ratio of 37.39 and a beta of 1.96. The stock has a 50-day simple moving average of $91.40 and a 200 day simple moving average of $70.37.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings data on Friday, August 7th. The specialty retailer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.19. ACM Research had a return on equity of 4.08% and a net margin of 14.48%.The firm had revenue of $292.92 million for the quarter, compared to analyst estimates of $269.28 million. During the same quarter in the prior year, the company earned $0.54 earnings per share. The business’s revenue for the quarter was up 36.0% compared to the same quarter last year. Analysts expect that ACM Research, Inc. will post 1.68 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ACMR. Wall Street Zen upgraded shares of ACM Research from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Zacks Research upgraded shares of ACM Research from a “hold” rating to a “strong-buy” rating in a research report on Monday. Seaport Research Partners assumed coverage on ACM Research in a research note on Monday, May 4th. They set a “buy” rating and a $75.00 price target on the stock. Morgan Stanley reiterated an “overweight” rating and set a $130.00 price target (up from $90.00) on shares of ACM Research in a report on Tuesday, June 23rd. Finally, Roth Capital set a $125.00 price objective on ACM Research and gave the stock a “buy” rating in a research note on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $118.33.

Hedge Funds Weigh In On ACM Research

A number of institutional investors and hedge funds have recently made changes to their positions in ACMR. Contravisory Investment Management Inc. boosted its stake in shares of ACM Research by 2.3% in the 2nd quarter. Contravisory Investment Management Inc. now owns 5,216 shares of the specialty retailer’s stock worth $662,000 after buying an additional 115 shares during the last quarter. Maryland State Retirement & Pension System increased its position in shares of ACM Research by 2.2% during the fourth quarter. Maryland State Retirement & Pension System now owns 7,764 shares of the specialty retailer’s stock valued at $306,000 after acquiring an additional 168 shares during the last quarter. GAMMA Investing LLC lifted its holdings in ACM Research by 14.5% during the second quarter. GAMMA Investing LLC now owns 1,440 shares of the specialty retailer’s stock worth $183,000 after acquiring an additional 182 shares during the period. MML Investors Services LLC lifted its holdings in ACM Research by 1.0% during the fourth quarter. MML Investors Services LLC now owns 22,851 shares of the specialty retailer’s stock worth $901,000 after acquiring an additional 217 shares during the period. Finally, First Growth Capital LLC boosted its position in ACM Research by 5.4% in the first 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 last quarter. Institutional investors 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.