Insider Selling: ACM Research (NASDAQ:ACMR) Insider Sells $1,136,837.65 in Stock

ACM Research, Inc. (NASDAQ:ACMR) insider Sotheara Cheav sold 13,351 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $85.15, for a total transaction of $1,136,837.65. Following the completion of the transaction, the insider directly owned 100,002 shares in the company, valued at $8,515,170.30. This trade represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

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

ACM Research Stock Performance

Shares of ACM Research stock opened at $76.29 on Monday. ACM Research, Inc. has a 52-week low of $23.03 and a 52-week high of $94.21. The stock’s 50-day simple moving average is $59.44 and its 200 day simple moving average is $51.89. The stock has a market capitalization of $4.67 billion, a P/E ratio of 58.24 and a beta of 2.00. 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 announced its quarterly earnings data 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. ACM Research had a return on equity of 4.17% and a net margin of 9.48%.The business had revenue of $231.26 million for 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 firm’s quarterly revenue was up 34.2% compared to the same quarter last year. As a group, research analysts anticipate that ACM Research, Inc. will post 1.02 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ACMR shares. Wall Street Zen upgraded ACM Research from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Seaport Research Partners started coverage on ACM Research in a report on Monday, May 4th. They set a “buy” rating and a $75.00 price objective for the company. Zacks Research lowered ACM Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings raised ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Finally, Roth Mkm reissued a “buy” rating and set a $100.00 price objective on shares of ACM Research in a report on Monday, June 1st. One analyst has rated the stock with a Buy rating and two have issued 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 Trading of ACM Research

Hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its stake in ACM Research by 90.1% in the fourth quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock worth $26,000 after buying an additional 308 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in ACM Research by 266.7% in the fourth quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock worth $26,000 after buying an additional 480 shares in the last quarter. Leonteq Securities AG purchased a new stake in shares of ACM Research during the fourth quarter valued at approximately $28,000. Jones Financial Companies Lllp boosted its stake in shares of ACM Research by 206.8% during the third quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 515 shares during the period. Finally, SBI Securities Co. Ltd. boosted its stake in shares of ACM Research by 78.9% during the third quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 367 shares during the period. Hedge funds and other institutional investors own 66.75% of the company’s stock.

About ACM Research

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.