Jian Wang Sells 30,000 Shares of ACM Research (NASDAQ:ACMR) Stock

ACM Research, Inc. (NASDAQ:ACMR) insider Jian Wang sold 30,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $30.00, for a total transaction of $900,000.00. Following the completion of the sale, the insider directly owned 253,158 shares in the company, valued at $7,594,740. This trade represents a 10.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Jian Wang also recently made the following trade(s):

• On Monday, August 25th, Jian Wang sold 30,000 shares of ACM Research stock. The shares were sold at an average price of $32.00, for a total transaction of $960,000.00.

ACM Research Trading Up 3.9%

Shares of NASDAQ:ACMR traded up $1.11 during trading on Tuesday, reaching $29.91. The stock had a trading volume of 1,249,865 shares, compared to its average volume of 1,443,843. The company has a quick ratio of 1.49, a current ratio of 2.45 and a debt-to-equity ratio of 0.14. ACM Research, Inc. has a fifty-two week low of $13.87 and a fifty-two week high of $32.54. The business has a fifty day moving average price of $27.61 and a 200-day moving average price of $24.92. The stock has a market cap of $1.77 billion, a P/E ratio of 18.13 and a beta of 1.36.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings data on Wednesday, August 6th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.12. ACM Research had a net margin of 13.76% and a return on equity of 9.57%. The company had revenue of $215.37 million during the quarter, compared to the consensus estimate of $223.42 million. During the same period in the previous year, the firm earned $0.55 earnings per share. ACM Research’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, analysts anticipate that ACM Research, Inc. will post 1.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ACM Research

Institutional investors have recently bought and sold shares of the business. KBC Group NV purchased a new stake in ACM Research during the first quarter worth approximately $29,000. EverSource Wealth Advisors LLC boosted its stake in shares of ACM Research by 656.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 1,122 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of ACM Research by 506.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,018 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 1,685 shares during the period. Headlands Technologies LLC purchased a new position in shares of ACM Research in the second quarter valued at $114,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of ACM Research by 871.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 4,673 shares of the specialty retailer’s stock valued at $109,000 after purchasing an additional 4,192 shares during the period. 66.75% of the stock is currently owned by hedge funds and other institutional investors.

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.