ACM Research (NASDAQ:ACMR) Insider David Wang Sells 40,002 Shares

ACM Research, Inc. (NASDAQ:ACMR) insider David Wang sold 40,002 shares of the stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $85.80, for a total value of $3,432,171.60. Following the completion of the transaction, the insider directly owned 802,708 shares in the company, valued at $68,872,346.40. This trade represents a 4.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

ACM Research Stock Down 15.4%

NASDAQ:ACMR traded down $13.92 during trading hours on Friday, hitting $76.29. The company’s stock had a trading volume of 1,896,885 shares, compared to its average volume of 1,483,640. The stock has a market capitalization of $4.67 billion, a P/E ratio of 58.24 and a beta of 2.01. The stock has a fifty day moving average of $58.83 and a 200-day moving average of $51.57. The company has a current ratio of 3.51, a quick ratio of 2.52 and a debt-to-equity ratio of 0.11. ACM Research, Inc. has a 52-week low of $23.03 and a 52-week high of $94.21.

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

Institutional Investors Weigh In On ACM Research

Several hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC boosted its stake in shares of ACM Research by 381.0% during the first quarter. NewEdge Advisors LLC now owns 1,087 shares of the specialty retailer’s stock worth $43,000 after buying an additional 861 shares during the period. Bank of America Corp DE lifted its position in ACM Research by 33.4% in the first quarter. Bank of America Corp DE now owns 402,412 shares of the specialty retailer’s stock valued at $15,835,000 after purchasing an additional 100,700 shares during the period. California State Teachers Retirement System lifted its position in ACM Research by 32.4% in the first quarter. California State Teachers Retirement System now owns 63,131 shares of the specialty retailer’s stock valued at $2,484,000 after purchasing an additional 15,460 shares during the period. Royal Bank of Canada lifted its position in shares of ACM Research by 26.0% during the 1st quarter. Royal Bank of Canada now owns 4,118 shares of the specialty retailer’s stock valued at $162,000 after acquiring an additional 849 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in shares of ACM Research during the 1st quarter valued at approximately $1,693,000. Institutional investors and hedge funds own 66.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ACMR shares. Wall Street Zen raised ACM Research from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings raised ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Roth Mkm reaffirmed a “buy” rating and set a $100.00 price objective on shares of ACM Research in a report on Monday. Seaport Research Partners started coverage on ACM Research in a report on Monday, May 4th. They set a “buy” rating and a $75.00 price objective on the stock. Finally, Zacks Research lowered ACM Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, ACM Research presently has an average rating of “Hold” and an average 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.