Insider Selling: ACM Research, Inc. (NASDAQ:ACMR) Director Sells 700,000 Shares of Stock

by · The Cerbat Gem

ACM Research, Inc. (NASDAQ:ACMR – Get Free Report) Director Xiao Xing sold 700,000 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $21.41, for a total value of $14,987,000.00. Following the completion of the sale, the director now owns 2,703,906 shares of the company’s stock, valued at approximately $57,890,627.46. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

  • On Tuesday, October 8th, Xiao Xing sold 90,396 shares of ACM Research stock. The stock was sold at an average price of $21.13, for a total value of $1,910,067.48.
  • On Tuesday, October 1st, Xiao Xing sold 8,304 shares of ACM Research stock. The shares were sold at an average price of $20.19, for a total transaction of $167,657.76.

ACM Research Stock Performance

ACM Research stock opened at $22.07 on Thursday. The company has a market cap of $1.26 billion, a PE ratio of 16.72 and a beta of 1.52. ACM Research, Inc. has a 12 month low of $12.53 and a 12 month high of $34.40. The company has a fifty day moving average price of $18.27 and a two-hundred day moving average price of $22.40. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.29 and a quick ratio of 1.26.

ACM Research (NASDAQ:ACMR – Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The specialty retailer reported $0.55 EPS for the quarter, beating the consensus estimate of $0.30 by $0.25. The business had revenue of $202.50 million during the quarter, compared to analyst estimates of $163.05 million. ACM Research had a net margin of 12.26% and a return on equity of 9.16%. The company’s quarterly revenue was up 40.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 EPS. Research analysts expect that ACM Research, Inc. will post 0.92 earnings per share for the current year.

Analysts Set New Price Targets

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

Check Out Our Latest Stock Analysis on ACM Research

Institutional Trading of ACM Research

Institutional investors and hedge funds have recently made changes to their positions in the stock. CWM LLC grew its stake in ACM Research by 297.1% during the 2nd quarter. CWM LLC now owns 1,930 shares of the specialty retailer’s stock worth $45,000 after buying an additional 1,444 shares during the last quarter. Picton Mahoney Asset Management acquired a new position in shares of ACM Research during the second quarter valued at $59,000. Lazard Asset Management LLC grew its position in shares of ACM Research by 1,197.6% during the first quarter. Lazard Asset Management LLC now owns 3,218 shares of the specialty retailer’s stock worth $93,000 after acquiring an additional 2,970 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of ACM Research in the 2nd quarter worth about $99,000. Finally, Palouse Capital Management Inc. bought a new stake in shares of ACM Research during the second quarter valued at approximately $105,000. 66.75% 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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