Insider Selling: ACM Research (NASDAQ:ACMR) Insider Sells 100,000 Shares of Stock

by · The Cerbat Gem

ACM Research, Inc. (NASDAQ:ACMR – Get Free Report) insider Fuping Chen sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $33.20, for a total transaction of $3,320,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Fuping Chen also recently made the following trade(s):

  • On Wednesday, December 3rd, Fuping Chen sold 20,000 shares of ACM Research stock. The shares were sold at an average price of $33.06, for a total transaction of $661,200.00.

ACM Research Price Performance

NASDAQ:ACMR traded up $0.68 during midday trading on Thursday, hitting $34.62. The company had a trading volume of 850,701 shares, compared to its average volume of 1,500,063. The company has a market capitalization of $2.07 billion, a PE ratio of 20.13 and a beta of 1.45. The company has a quick ratio of 2.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.10. ACM Research, Inc. has a 52-week low of $13.87 and a 52-week high of $45.12. The stock’s fifty day moving average price is $36.77 and its 200-day moving average price is $30.73.

ACM Research (NASDAQ:ACMR – Get Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The specialty retailer reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.11). The firm had revenue of $269.16 million for the quarter, compared to the consensus estimate of $251.72 million. ACM Research had a return on equity of 7.11% and a net margin of 13.30%.The company’s revenue for the quarter was up 32.0% on a year-over-year basis. During the same period last year, the firm earned $0.63 EPS. As a group, research analysts expect that ACM Research, Inc. will post 1.17 earnings per share for the current year.

Institutional Investors Weigh In On ACM Research

Several institutional investors have recently added to or reduced their stakes in ACMR. Jones Financial Companies Lllp increased its position in shares of ACM Research by 206.8% in the third quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock valued at $29,000 after acquiring an additional 515 shares during the period. SBI Securities Co. Ltd. grew its stake in shares of ACM Research by 78.9% in the third quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 367 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in ACM Research by 656.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 1,122 shares during the period. Caitong International Asset Management Co. Ltd raised its position in ACM Research by 871.5% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,673 shares of the specialty retailer’s stock valued at $109,000 after purchasing an additional 4,192 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in ACM Research in the 2nd quarter worth approximately $114,000. Hedge funds and other institutional investors own 66.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ACMR. Roth Capital restated a “buy” rating and issued a $40.00 price objective on shares of ACM Research in a report on Wednesday, November 5th. Zacks Research downgraded shares of ACM Research from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 12th. Finally, Weiss Ratings cut ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $31.33.

View Our Latest Research Report on ACM Research

About ACM Research

(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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