ACM Research (NASDAQ:ACMR) Director Sells $331,100.00 in Stock

ACM Research, Inc. (NASDAQ:ACMR) Director Haiping Dun sold 5,000 shares of ACM Research stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $66.22, for a total transaction of $331,100.00. Following the transaction, the director directly owned 5,000 shares in the company, valued at $331,100. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

ACM Research Price Performance

ACM Research stock opened at $73.35 on Friday. The company’s 50 day simple moving average is $51.48 and its 200-day simple moving average is $48.11. The company has a market capitalization of $4.49 billion, a price-to-earnings ratio of 55.99 and a beta of 1.82. ACM Research, Inc. has a 1 year low of $21.87 and a 1 year high of $76.36. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.52 and a current ratio of 3.51.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings results on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. The business had revenue of $231.26 million for the quarter, compared to the consensus estimate of $215.69 million. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. The business’s revenue was up 34.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 EPS. As a group, equities research analysts expect that ACM Research, Inc. will post 1.2 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ACMR shares. Seaport Research Partners started coverage on shares of ACM Research in a research note on Monday, May 4th. They issued a “buy” rating and a $75.00 price target on the stock. Weiss Ratings raised shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Zacks Research downgraded shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Wall Street Zen raised shares of ACM Research from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, ACM Research presently has an average rating of “Hold” and an average price target of $40.00.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Maryland State Retirement & Pension System grew its holdings in shares of ACM Research by 2.2% in the fourth quarter. Maryland State Retirement & Pension System now owns 7,764 shares of the specialty retailer’s stock valued at $306,000 after purchasing an additional 168 shares in the last quarter. MML Investors Services LLC grew its holdings in shares of ACM Research by 1.0% in the fourth quarter. MML Investors Services LLC now owns 22,851 shares of the specialty retailer’s stock valued at $901,000 after purchasing an additional 217 shares in the last quarter. First Growth Capital LLC grew its holdings in shares of ACM Research by 5.4% in the first quarter. First Growth Capital LLC now owns 5,598 shares of the specialty retailer’s stock valued at $226,000 after purchasing an additional 285 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of ACM Research by 38.8% in the fourth quarter. GAMMA Investing LLC now owns 1,070 shares of the specialty retailer’s stock valued at $42,000 after purchasing an additional 299 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of ACM Research by 90.1% in the fourth quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 308 shares in the last quarter. Institutional investors and hedge funds 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.