David Wang Sells 40,002 Shares of ACM Research (NASDAQ:ACMR) Stock

ACM Research, Inc. (NASDAQ:ACMR) insider David Wang sold 40,002 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $85.80, for a total transaction of $3,432,171.60. Following the sale, the insider directly owned 802,708 shares in the company, valued at $68,872,346.40. The trade was a 4.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

ACM Research Price Performance

Shares of NASDAQ ACMR opened at $76.29 on Friday. The stock has a market capitalization of $4.67 billion, a price-to-earnings 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 firm’s 50 day simple moving average is $59.44 and its 200-day simple moving average is $51.75. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.51 and a quick ratio of 2.52.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings data on Thursday, May 7th. The specialty retailer reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. The business had revenue of $231.26 million for the quarter, compared to analysts’ expectations 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 quarter last year, the company earned $0.46 EPS. Analysts expect that ACM Research, Inc. will post 1.02 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of ACM Research from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. 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 price target on the stock. Zacks Research cut shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Roth Mkm reissued a “buy” rating and issued a $100.00 price target on shares of ACM Research in a research note on Monday, June 1st. Finally, 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. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $100.00.

Institutional Investors Weigh In On ACM Research

Institutional investors have recently added to or reduced their stakes in the stock. LSV Asset Management lifted its holdings in ACM Research by 462.9% in the 3rd quarter. LSV Asset Management now owns 2,504,305 shares of the specialty retailer’s stock valued at $97,993,000 after purchasing an additional 2,059,405 shares in the last quarter. WCM Investment Management LLC lifted its holdings in ACM Research by 16,878.8% in the 1st quarter. WCM Investment Management LLC now owns 1,860,874 shares of the specialty retailer’s stock valued at $70,583,000 after purchasing an additional 1,849,914 shares in the last quarter. Invesco Ltd. lifted its holdings in ACM Research by 444.5% in the 4th quarter. Invesco Ltd. now owns 1,342,136 shares of the specialty retailer’s stock valued at $52,947,000 after purchasing an additional 1,095,634 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in ACM Research by 1,406.4% in the 4th quarter. Janus Henderson Group PLC now owns 1,082,982 shares of the specialty retailer’s stock valued at $42,740,000 after purchasing an additional 1,011,088 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in ACM Research by 12.8% in the 3rd quarter. Vanguard Group Inc. now owns 4,846,413 shares of the specialty retailer’s stock valued at $189,640,000 after purchasing an additional 549,971 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.