Insider Selling: ACM Research, Inc. (NASDAQ:ACMR) Director Sells 15,000 Shares of Stock

ACM Research, Inc. (NASDAQ:ACMR) Director Haiping Dun sold 15,000 shares of ACM Research stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $22.88, for a total transaction of $343,200.00. Following the completion of the transaction, the director now owns 874,329 shares in the company, valued at approximately $20,004,647.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Haiping Dun also recently made the following trade(s):

• On Thursday, March 14th, Haiping Dun sold 19,434 shares of ACM Research stock. The stock was sold at an average price of $27.70, for a total value of $538,321.80.
• On Friday, March 8th, Haiping Dun sold 15,000 shares of ACM Research stock. The stock was sold at an average price of $30.36, for a total value of $455,400.00.

ACM Research Stock Performance

ACMR stock opened at $22.56 on Monday. The firm has a 50 day simple moving average of $27.24 and a 200 day simple moving average of $22.57. ACM Research, Inc. has a 52 week low of $9.36 and a 52 week high of $34.40. The stock has a market cap of $1.29 billion, a P/E ratio of 17.09 and a beta of 1.42. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.31 and a current ratio of 2.31.

ACM Research (NASDAQ:ACMR) last issued its earnings results on Wednesday, February 28th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.27. ACM Research had a net margin of 13.79% and a return on equity of 10.26%. The company had revenue of $170.30 million during the quarter, compared to analyst estimates of $149.54 million. During the same quarter last year, the business posted $0.15 EPS. The company’s revenue for the quarter was up 57.0% on a year-over-year basis. Research analysts anticipate that ACM Research, Inc. will post 1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Benchmark lifted their price target on ACM Research from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. The Goldman Sachs Group upgraded shares of ACM Research from a “neutral” rating to a “buy” rating and set a $39.00 price target for the company in a research report on Thursday, February 29th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $34.00 price objective on shares of ACM Research in a research report on Thursday, May 9th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $31.88.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ACMR. Virtu Financial LLC bought a new stake in shares of ACM Research in the 1st quarter valued at approximately $536,000. Cim LLC acquired a new stake in ACM Research in the first quarter valued at approximately $451,000. Comerica Bank bought a new stake in ACM Research in the first quarter worth approximately $1,150,000. Janus Henderson Group PLC increased its stake in shares of ACM Research by 6.4% during the 1st quarter. Janus Henderson Group PLC now owns 127,519 shares of the specialty retailer’s stock worth $3,716,000 after purchasing an additional 7,713 shares during the last quarter. Finally, Bayesian Capital Management LP acquired a new position in shares of ACM Research during the 1st quarter worth $383,000. 66.75% of the stock is owned by institutional investors and hedge funds.

ACM Research Company Profile

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.