ACM Research, Inc. (NASDAQ:ACMR) Insider Sells $2,732,400.00 in Stock

ACM Research, Inc. (NASDAQ:ACMRGet Free Report) insider David H. Wang sold 90,000 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $30.36, for a total value of $2,732,400.00. Following the sale, the insider now owns 591,107 shares in the company, valued at approximately $17,946,008.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

ACM Research Stock Down 4.5 %

Shares of NASDAQ:ACMR opened at $27.47 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.26 and a current ratio of 2.35. ACM Research, Inc. has a 1 year low of $8.75 and a 1 year high of $34.40. The stock has a market capitalization of $1.54 billion, a P/E ratio of 23.48 and a beta of 1.42. The stock has a 50-day simple moving average of $21.86 and a 200-day simple moving average of $19.00.

ACM Research (NASDAQ:ACMRGet Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The specialty retailer reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.27. ACM Research had a net margin of 13.87% and a return on equity of 9.23%. The firm had revenue of $170.30 million for the quarter, compared to analysts’ expectations of $149.54 million. During the same period in the previous year, the company posted $0.15 earnings per share. ACM Research’s revenue was up 57.0% compared to the same quarter last year. Equities analysts forecast that ACM Research, Inc. will post 1.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

ACMR has been the topic of a number of research analyst reports. The Goldman Sachs Group raised ACM Research from a “neutral” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Thursday, February 29th. Roth Mkm raised their target price on shares of ACM Research from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Needham & Company LLC upped their price target on shares of ACM Research from $24.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Finally, Benchmark increased their price target on shares of ACM Research from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $31.88.

Read Our Latest Stock Report on ACMR

Institutional Trading of ACM Research

Several large investors have recently added to or reduced their stakes in ACMR. California State Teachers Retirement System raised its position in ACM Research by 1.5% in the second quarter. California State Teachers Retirement System now owns 56,894 shares of the specialty retailer’s stock valued at $744,000 after purchasing an additional 855 shares during the period. Advisor Group Holdings Inc. lifted its position in ACM Research by 166.4% during the 1st quarter. Advisor Group Holdings Inc. now owns 1,500 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 937 shares in the last quarter. Royal Bank of Canada lifted its position in ACM Research by 5.7% during the 4th quarter. Royal Bank of Canada now owns 17,671 shares of the specialty retailer’s stock worth $346,000 after acquiring an additional 949 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in ACM Research by 210.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 1,752 shares of the specialty retailer’s stock worth $39,000 after acquiring an additional 1,188 shares during the period. Finally, Trexquant Investment LP grew its position in ACM Research by 7.5% in the third quarter. Trexquant Investment LP now owns 17,160 shares of the specialty retailer’s stock valued at $311,000 after acquiring an additional 1,198 shares in the last quarter. 59.31% of the stock is currently owned by institutional investors and hedge funds.

ACM Research Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for ACM Research (NASDAQ:ACMR)

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