ACM Research (NASDAQ:ACMR) Shares Gap Down on Insider Selling

ACM Research, Inc. (NASDAQ:ACMR) shares gapped down prior to trading on Monday after an insider sold shares in the company. The stock had previously closed at $17.19, but opened at $16.75. ACM Research shares last traded at $15.61, with a volume of 1,215,659 shares changing hands.

Specifically, insider David H. Wang sold 56,250 shares of ACM Research stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $17.89, for a total transaction of $1,006,312.50. Following the transaction, the insider now directly owns 654,256 shares in the company, valued at approximately $11,704,639.84. The trade was a 7.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David H. Wang sold 56,250 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $19.08, for a total value of $1,073,250.00. Following the completion of the sale, the insider now owns 710,506 shares in the company, valued at approximately $13,556,454.48. This trade represents a 7.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In related news, Director Haiping Dun sold 15,000 shares of ACM Research stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $19.12, for a total value of $286,800.00. Following the sale, the director now owns 774,148 shares of the company’s stock, valued at approximately $14,801,709.76. The trade was a 1.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and set a $25.00 price target on shares of ACM Research in a report on Tuesday, October 1st. Roth Mkm decreased their price target 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. Finally, Benchmark reiterated a “buy” rating and issued a $38.00 price target on shares of ACM Research in a research note on Wednesday, August 7th.

ACM Research Stock Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37. The company has a market cap of $933.28 million, a PE ratio of 12.27 and a beta of 1.48. The company’s 50 day moving average price is $19.19 and its 200-day moving average price is $19.98.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings data on Thursday, November 7th. The specialty retailer reported $0.63 EPS for the quarter, beating the consensus estimate of $0.28 by $0.35. ACM Research had a net margin of 12.38% and a return on equity of 9.07%. The company had revenue of $204.00 million during the quarter, compared to analysts’ expectations of $191.18 million. During the same quarter in the previous year, the company earned $0.41 earnings per share. ACM Research’s revenue for the quarter was up 21.0% on a year-over-year basis. Equities research analysts anticipate that ACM Research, Inc. will post 1.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ACM Research

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC increased its holdings in shares of ACM Research by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,180,741 shares of the specialty retailer’s stock worth $23,973,000 after buying an additional 26,620 shares during the last quarter. Barclays PLC raised its position in ACM Research by 63.3% during the third quarter. Barclays PLC now owns 137,584 shares of the specialty retailer’s stock valued at $2,793,000 after purchasing an additional 53,319 shares in the last quarter. XTX Topco Ltd purchased a new stake in ACM Research during the third quarter valued at about $700,000. Portolan Capital Management LLC lifted its stake in ACM Research by 7.7% during the third quarter. Portolan Capital Management LLC now owns 921,451 shares of the specialty retailer’s stock worth $18,705,000 after purchasing an additional 65,616 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of ACM Research by 2.5% in the 3rd quarter. Janus Henderson Group PLC now owns 117,125 shares of the specialty retailer’s stock worth $2,378,000 after purchasing an additional 2,832 shares in the last quarter. 66.75% of the stock is owned by hedge funds and other institutional investors.

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.