ACM Research (NASDAQ:ACMR) Insider Fuping Chen Sells 100,000 Shares of Stock

ACM Research, Inc. (NASDAQ:ACMR) insider Fuping Chen sold 100,000 shares of ACM Research stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $33.20, for a total value of $3,320,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Fuping Chen also recently made the following trade(s):

• On Wednesday, December 3rd, Fuping Chen sold 20,000 shares of ACM Research stock. The shares were sold at an average price of $33.06, for a total value of $661,200.00.

ACM Research Trading Up 1.5%

ACM Research stock opened at $35.14 on Friday. The company has a 50 day moving average price of $36.71 and a 200 day moving average price of $30.76. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.48 and a current ratio of 3.48. ACM Research, Inc. has a 52 week low of $14.22 and a 52 week high of $45.12. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 20.48 and a beta of 1.45.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings results on Wednesday, November 5th. The specialty retailer reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.11). ACM Research had a net margin of 13.30% and a return on equity of 7.11%. The business had revenue of $269.16 million for the quarter, compared to analyst estimates of $251.72 million. During the same period in the previous year, the firm posted $0.63 earnings per share. The firm’s quarterly revenue was up 32.0% on a year-over-year basis. Research analysts forecast that ACM Research, Inc. will post 1.17 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ACMR shares. Roth Capital reiterated a “buy” rating and issued a $40.00 target price on shares of ACM Research in a research report on Wednesday, November 5th. Zacks Research lowered ACM Research from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 12th. Finally, Weiss Ratings lowered ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $38.00.

Hedge Funds Weigh In On ACM Research

A number of institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of ACM Research by 2.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 17,291 shares of the specialty retailer’s stock worth $700,000 after buying an additional 343 shares during the period. SBI Securities Co. Ltd. grew its position 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 valued at $33,000 after purchasing an additional 367 shares during the last quarter. Arizona State Retirement System increased its stake in shares of ACM Research by 2.5% in the third quarter. Arizona State Retirement System now owns 15,649 shares of the specialty retailer’s stock worth $612,000 after purchasing an additional 386 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of ACM Research by 7.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,076 shares of the specialty retailer’s stock worth $157,000 after purchasing an additional 416 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in ACM Research by 8.1% in the 3rd quarter. Blue Trust Inc. now owns 5,997 shares of the specialty retailer’s stock valued at $235,000 after buying an additional 449 shares during the last quarter. Institutional investors own 66.75% of the company’s stock.

ACM Research Company Profile

ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.