Insider Selling: ACM Research (NASDAQ:ACMR) Insider Sells $3,432,171.60 in Stock

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

ACM Research Stock Performance

NASDAQ:ACMR opened at $76.29 on Monday. The company has a market capitalization of $4.67 billion, a PE ratio of 58.24 and a beta of 2.00. ACM Research, Inc. has a 52-week low of $23.03 and a 52-week high of $94.21. The stock’s 50 day moving average price is $59.44 and its 200 day moving average price is $51.89. 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 quarterly earnings data on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.08. The business 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 company’s revenue was up 34.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.46 earnings per share. On average, research analysts anticipate that ACM Research, Inc. will post 1.02 EPS for the current year.

Hedge Funds Weigh In On ACM Research

Institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in ACM Research by 396.3% in the third quarter. Principal Financial Group Inc. now owns 336,993 shares of the specialty retailer’s stock valued at $13,187,000 after acquiring an additional 269,094 shares during the period. Jefferies Financial Group Inc. acquired a new position in shares of ACM Research during the 4th quarter worth $1,054,000. Thompson Siegel & Walmsley LLC increased its holdings in shares of ACM Research by 71.8% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 188,500 shares of the specialty retailer’s stock valued at $7,436,000 after purchasing an additional 78,800 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of ACM Research by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 4,972,103 shares of the specialty retailer’s stock valued at $196,149,000 after purchasing an additional 125,690 shares during the period. Finally, Public Sector Pension Investment Board purchased a new stake in ACM Research during the third quarter worth about $8,026,000. 66.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on ACMR. Weiss Ratings raised shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Zacks Research cut shares of ACM Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Wall Street Zen upgraded shares of ACM Research from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. 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. Finally, 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 for the company. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $100.00.

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.