David Wang Sells 60,000 Shares of ACM Research (NASDAQ:ACMR) Stock

ACM Research, Inc. (NASDAQ:ACMR) insider David Wang sold 60,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $90.05, for a total value of $5,403,000.00. Following the sale, the insider directly owned 802,708 shares of the company’s stock, valued at approximately $72,283,855.40. This trade represents a 6.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

ACM Research Price Performance

ACMR stock opened at $76.29 on Friday. The stock has a 50-day moving average price of $59.44 and a two-hundred day moving average price of $51.75. ACM Research, Inc. has a 12-month low of $23.03 and a 12-month high of $94.21. The company has a current ratio of 3.51, a quick ratio of 2.52 and a debt-to-equity ratio of 0.11. The company has a market cap of $4.67 billion, a PE ratio of 58.24 and a beta of 2.01.

ACM Research (NASDAQ:ACMR) last posted 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 firm had revenue of $231.26 million during the quarter, compared to the consensus estimate of $215.69 million. ACM Research had a return on equity of 4.17% and a net margin of 9.48%.The firm’s quarterly revenue was up 34.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 earnings per share. As a group, research analysts predict that ACM Research, Inc. will post 1.02 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ACMR. LSV Asset Management lifted its stake in shares of ACM Research by 462.9% in the third quarter. LSV Asset Management now owns 2,504,305 shares of the specialty retailer’s stock worth $97,993,000 after acquiring an additional 2,059,405 shares in the last quarter. WCM Investment Management LLC lifted its stake in shares of ACM Research by 16,878.8% in the first quarter. WCM Investment Management LLC now owns 1,860,874 shares of the specialty retailer’s stock worth $70,583,000 after acquiring an additional 1,849,914 shares in the last quarter. Invesco Ltd. lifted its stake in shares of ACM Research by 444.5% in the fourth quarter. Invesco Ltd. now owns 1,342,136 shares of the specialty retailer’s stock worth $52,947,000 after acquiring an additional 1,095,634 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of ACM Research by 1,406.4% in the fourth quarter. Janus Henderson Group PLC now owns 1,082,982 shares of the specialty retailer’s stock worth $42,740,000 after acquiring an additional 1,011,088 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of ACM Research by 12.8% in the third quarter. Vanguard Group Inc. now owns 4,846,413 shares of the specialty retailer’s stock worth $189,640,000 after acquiring an additional 549,971 shares in the last quarter. Institutional investors and hedge funds own 66.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ACMR shares. Weiss Ratings upgraded ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Roth Mkm restated a “buy” rating and set a $100.00 price objective on shares of ACM Research in a research note on Monday, June 1st. Zacks Research cut ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Seaport Research Partners started coverage on ACM Research in a research note on Monday, May 4th. They set a “buy” rating and a $75.00 price objective on the stock. Finally, Wall Street Zen upgraded ACM Research from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $100.00.

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.