ACM Research (NASDAQ:ACMR) Insider Sells $449,088.82 in Stock

ACM Research, Inc. (NASDAQ:ACMR) insider Sotheara Cheav sold 5,399 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $83.18, for a total transaction of $449,088.82. Following the completion of the sale, the insider directly owned 100,002 shares in the company, valued at approximately $8,318,166.36. The trade was a 5.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, June 4th, Sotheara Cheav sold 13,351 shares of ACM Research stock. The shares were sold at an average price of $85.15, for a total transaction of $1,136,837.65.

ACM Research Stock Performance

NASDAQ ACMR opened at $76.29 on Monday. The stock has a market cap of $4.67 billion, a P/E ratio of 58.24 and a beta of 2.00. The company’s 50-day simple moving average is $59.44 and its 200 day simple moving average is $51.89. ACM Research, Inc. has a twelve month low of $23.03 and a twelve month high of $94.21. The company has a quick ratio of 2.52, a current ratio of 3.51 and a debt-to-equity ratio of 0.11.

ACM Research (NASDAQ:ACMR) last posted its earnings results on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share 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 analysts’ expectations of $215.69 million. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. The firm’s revenue for the quarter was up 34.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 earnings per share. As a group, research analysts forecast that ACM Research, Inc. will post 1.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ACM Research

Institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its stake 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 worth $26,000 after acquiring an additional 308 shares during the last quarter. Hantz Financial Services Inc. raised its stake in shares of 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 acquiring an additional 480 shares during the last quarter. Leonteq Securities AG bought a new position in shares of ACM Research in the fourth quarter worth about $28,000. Jones Financial Companies Lllp raised its stake in shares of ACM Research by 206.8% in the third quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock worth $29,000 after acquiring an additional 515 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its stake in shares of ACM Research by 78.9% in the third quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock worth $33,000 after acquiring an additional 367 shares during the last quarter. 66.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on ACMR. Weiss Ratings upgraded shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Wall Street Zen upgraded shares of ACM Research from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Seaport Research Partners began coverage on shares of ACM Research in a research report on Monday, May 4th. They issued a “buy” rating and a $75.00 price target on the stock. Zacks Research lowered shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Roth Mkm restated a “buy” rating and issued a $100.00 price target on shares of ACM Research in a research report on Monday, June 1st. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, ACM Research currently 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.