Insider Selling: ACM Research, Inc. (NASDAQ:ACMR) Director Sells 90,396 Shares of Stock

ACM Research, Inc. (NASDAQ:ACMR) Director Xiao Xing sold 90,396 shares of the stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $21.13, for a total transaction of $1,910,067.48. Following the completion of the transaction, the director now owns 2,338,510 shares in the company, valued at $49,412,716.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Xiao Xing also recently made the following trade(s):

• On Friday, October 4th, Xiao Xing sold 700,000 shares of ACM Research stock. The shares were sold at an average price of $21.41, for a total value of $14,987,000.00.
• On Tuesday, October 1st, Xiao Xing sold 8,304 shares of ACM Research stock. The stock was sold at an average price of $20.19, for a total value of $167,657.76.

ACM Research Price Performance

Shares of ACMR opened at $22.07 on Thursday. The stock has a 50 day simple moving average of $18.27 and a 200 day simple moving average of $22.40. ACM Research, Inc. has a 52-week low of $12.53 and a 52-week high of $34.40. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.26 and a current ratio of 2.29. The firm has a market capitalization of $1.26 billion, a PE ratio of 16.72 and a beta of 1.52.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings results on Wednesday, August 7th. The specialty retailer reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.25. ACM Research had a net margin of 12.26% and a return on equity of 9.16%. The company had revenue of $202.50 million during the quarter, compared to analysts’ expectations of $163.05 million. During the same quarter in the prior year, the company earned $0.45 earnings per share. The business’s quarterly revenue was up 40.0% compared to the same quarter last year. Sell-side analysts predict that ACM Research, Inc. will post 0.92 EPS for the current fiscal year.

Hedge Funds Weigh In On ACM Research

A number of large investors have recently added to or reduced their stakes in ACMR. Hussman Strategic Advisors Inc. lifted its holdings in shares of ACM Research by 0.3% in the first quarter. Hussman Strategic Advisors Inc. now owns 157,500 shares of the specialty retailer’s stock valued at $4,590,000 after purchasing an additional 500 shares in the last quarter. Swiss National Bank raised its position in ACM Research by 1.2% in the 1st quarter. Swiss National Bank now owns 87,800 shares of the specialty retailer’s stock valued at $2,558,000 after buying an additional 1,000 shares during the last quarter. Cim LLC lifted its stake in ACM Research by 8.6% in the 2nd quarter. Cim LLC now owns 16,788 shares of the specialty retailer’s stock valued at $387,000 after acquiring an additional 1,326 shares in the last quarter. Sei Investments Co. boosted its position in ACM Research by 6.7% during the 2nd quarter. Sei Investments Co. now owns 21,736 shares of the specialty retailer’s stock worth $501,000 after acquiring an additional 1,358 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of ACM Research by 7.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,454 shares of the specialty retailer’s stock worth $449,000 after acquiring an additional 1,382 shares in the last quarter. Institutional investors own 66.75% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on ACMR. Needham & Company LLC restated a “buy” rating and set a $25.00 target price on shares of ACM Research in a report on Tuesday, October 1st. Benchmark reissued a “buy” rating and set a $38.00 price objective on shares of ACM Research in a research note on Wednesday, August 7th. Finally, Roth Mkm cut their target price on shares of ACM Research from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, August 8th.

About ACM Research

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.