ACM Research, Inc. (NASDAQ:ACMR) Insider David H. Wang Sells 56,250 Shares

ACM Research, Inc. (NASDAQ:ACMR) insider David H. Wang sold 56,250 shares of the firm’s 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 of the company’s stock, valued at $11,704,639.84. The trade was a 7.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

ACM Research Stock Down 0.5 %

ACMR opened at $17.19 on Friday. ACM Research, Inc. has a twelve month low of $13.94 and a twelve month high of $34.40. The firm has a market cap of $990.25 million, a price-to-earnings ratio of 13.02 and a beta of 1.54. The firm’s 50-day simple moving average is $19.25 and its 200-day simple moving average is $20.14. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37.

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

Institutional Trading of ACM Research

Several large investors have recently made changes to their positions in ACMR. Millennium Management LLC lifted its position in ACM Research by 283.9% during the 2nd quarter. Millennium Management LLC now owns 924,104 shares of the specialty retailer’s stock worth $21,310,000 after buying an additional 683,361 shares in the last quarter. Algert Global LLC lifted its position in shares of ACM Research by 530.5% during the third quarter. Algert Global LLC now owns 177,885 shares of the specialty retailer’s stock worth $3,611,000 after purchasing an additional 149,670 shares in the last quarter. Portolan Capital Management LLC grew its stake in shares of ACM Research by 7.7% during the third quarter. Portolan Capital Management LLC now owns 921,451 shares of the specialty retailer’s stock valued at $18,705,000 after purchasing an additional 65,616 shares during the last quarter. Richard P Slaughter Associates Inc acquired a new stake in shares of ACM Research in the second quarter valued at approximately $1,512,000. Finally, Seven Eight Capital LP raised its position in ACM Research by 625.1% in the 2nd quarter. Seven Eight Capital LP now owns 75,517 shares of the specialty retailer’s stock worth $1,741,000 after purchasing an additional 65,102 shares during the last quarter. Institutional investors own 66.75% of the company’s stock.

Wall Street Analysts Forecast Growth

ACMR has been the subject of several recent research reports. Benchmark reissued a “buy” rating and issued a $38.00 price target on shares of ACM Research in a research report on Wednesday, August 7th. Roth Mkm dropped their target price on ACM Research from $40.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Needham & Company LLC restated a “buy” rating and set a $25.00 target price on shares of ACM Research in a research report on Tuesday, October 1st.

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.