Insider Selling: ACM Research, Inc. (NASDAQ:ACMR) Director Sells 15,000 Shares of Stock

ACM Research, Inc. (NASDAQ:ACMR) Director Haiping Dun sold 15,000 shares of ACM Research stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $19.12, for a total value of $286,800.00. Following the completion of the transaction, the director now owns 774,148 shares in the company, valued at $14,801,709.76. This represents a 1.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

ACM Research Stock Down 5.8 %

Shares of ACMR stock opened at $17.37 on Wednesday. The stock’s fifty day moving average price is $19.23 and its 200 day moving average price is $20.26. ACM Research, Inc. has a 1-year low of $13.94 and a 1-year high of $34.40. The company has a market cap of $1.00 billion, a price-to-earnings ratio of 13.16 and a beta of 1.54. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings results on Thursday, November 7th. The specialty retailer reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.35. The business had revenue of $204.00 million for the quarter, compared to analyst estimates of $191.18 million. ACM Research had a return on equity of 9.07% and a net margin of 12.38%. The company’s revenue was up 21.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.41 earnings per share. On average, research analysts expect that ACM Research, Inc. will post 1.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC grew its holdings in shares of ACM Research by 2.3% during the third quarter. Geode Capital Management LLC now owns 1,180,741 shares of the specialty retailer’s stock valued at $23,973,000 after buying an additional 26,620 shares during the last quarter. Barclays PLC grew its stake in ACM Research by 63.3% during the 3rd quarter. Barclays PLC now owns 137,584 shares of the specialty retailer’s stock valued at $2,793,000 after purchasing an additional 53,319 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of ACM Research in the third quarter valued at about $700,000. Portolan Capital Management LLC raised its stake in shares of ACM Research by 7.7% in the third quarter. Portolan Capital Management LLC now owns 921,451 shares of the specialty retailer’s stock worth $18,705,000 after purchasing an additional 65,616 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of ACM Research by 2.5% during the third quarter. Janus Henderson Group PLC now owns 117,125 shares of the specialty retailer’s stock worth $2,378,000 after purchasing an additional 2,832 shares during the period. Hedge funds and other institutional investors own 66.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price objective on shares of ACM Research in a research report on Tuesday, October 1st. Benchmark restated a “buy” rating and issued a $38.00 price target on shares of ACM Research in a report on Wednesday, August 7th. Finally, Roth Mkm reduced their price objective on shares of ACM Research from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, August 8th.

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.