ACM Research (NASDAQ:ACMR) Insider Fuping Chen Sells 20,000 Shares

ACM Research, Inc. (NASDAQ:ACMR) insider Fuping Chen sold 20,000 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $33.06, for a total value of $661,200.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Fuping Chen also recently made the following trade(s):

• On Tuesday, December 2nd, Fuping Chen sold 100,000 shares of ACM Research stock. The shares were sold at an average price of $33.20, for a total transaction of $3,320,000.00.

ACM Research Stock Up 1.5%

Shares of NASDAQ:ACMR opened at $35.14 on Friday. The company’s fifty day moving average is $36.71 and its two-hundred day moving average is $30.76. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.48 and a current ratio of 3.48. ACM Research, Inc. has a 1-year low of $14.22 and a 1-year high of $45.12. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 20.48 and a beta of 1.45.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings results on Wednesday, November 5th. The specialty retailer reported $0.36 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.11). ACM Research had a net margin of 13.30% and a return on equity of 7.11%. The business had revenue of $269.16 million during the quarter, compared to analyst estimates of $251.72 million. During the same period last year, the firm posted $0.63 earnings per share. The company’s quarterly revenue was up 32.0% on a year-over-year basis. Equities analysts anticipate that ACM Research, Inc. will post 1.17 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp grew its stake in shares of ACM Research by 206.8% in the third quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 515 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in ACM Research by 78.9% in the third quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 367 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in ACM Research by 656.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 1,122 shares during the period. Caitong International Asset Management Co. Ltd grew its position in ACM Research by 871.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,673 shares of the specialty retailer’s stock valued at $109,000 after buying an additional 4,192 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in ACM Research during the 2nd quarter valued at about $114,000. Institutional investors and hedge funds own 66.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ACMR. Zacks Research lowered ACM Research from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 12th. Weiss Ratings lowered ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Finally, Roth Capital reissued a “buy” rating and set a $40.00 price target on shares of ACM Research in a report on Wednesday, November 5th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $38.00.

ACM Research Company Profile

ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.