Sotheara Cheav Sells 13,351 Shares of ACM Research (NASDAQ:ACMR) Stock

ACM Research, Inc. (NASDAQ:ACMR) insider Sotheara Cheav sold 13,351 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $85.15, for a total value of $1,136,837.65. Following the completion of the sale, the insider owned 100,002 shares in the company, valued at approximately $8,515,170.30. This represents a 11.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, June 5th, Sotheara Cheav sold 5,399 shares of ACM Research stock. The stock was sold at an average price of $83.18, for a total value of $449,088.82.

ACM Research Trading Down 15.4%

ACM Research stock opened at $76.29 on Friday. The firm has a market cap of $4.67 billion, a PE ratio of 58.24 and a beta of 2.01. ACM Research, Inc. has a 12 month low of $23.03 and a 12 month high of $94.21. The stock’s 50 day simple moving average is $59.44 and its two-hundred day simple 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.

ACM Research (NASDAQ:ACMR) last posted its earnings results on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $231.26 million during the quarter, compared to analysts’ expectations of $215.69 million. During the same period in the previous year, the business posted $0.46 EPS. The business’s revenue was up 34.2% compared to the same quarter last year. Analysts anticipate that ACM Research, Inc. will post 1.02 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Roth Mkm reiterated a “buy” rating and issued a $100.00 target price on shares of ACM Research in a research note on Monday, June 1st. Seaport Research Partners assumed coverage on shares of ACM Research in a research note on Monday, May 4th. They issued a “buy” rating and a $75.00 target price for the company. Wall Street Zen upgraded shares of ACM Research from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings upgraded shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Finally, Zacks Research cut shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, ACM Research has an average rating of “Hold” and a consensus target price of $100.00.

Institutional Investors Weigh In On ACM Research

Several institutional investors and hedge funds have recently added to or reduced their stakes in ACMR. Farther Finance Advisors LLC increased its holdings in ACM Research by 90.1% in the 4th quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 308 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in ACM Research by 266.7% in the 4th quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 480 shares in the last quarter. Leonteq Securities AG purchased a new stake in ACM Research in the 4th quarter worth $28,000. Jones Financial Companies Lllp increased its holdings in ACM Research by 206.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock worth $29,000 after acquiring an additional 515 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its holdings in ACM Research by 78.9% in the 3rd quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock worth $33,000 after acquiring an additional 367 shares in the last quarter. Hedge funds and other 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.