Science & Technology Shanghai Sells 26,300 Shares of ACM Research, Inc. (NASDAQ:ACMR) Stock

ACM Research, Inc. (NASDAQ:ACMR) major shareholder Science & Technology Shanghai sold 26,300 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $20.01, for a total value of $526,263.00. Following the completion of the sale, the insider now owns 3,403,906 shares in the company, valued at approximately $68,112,159.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

ACM Research Trading Up 16.6 %

Shares of ACMR opened at $22.04 on Friday. ACM Research, Inc. has a twelve month low of $12.53 and a twelve month high of $34.40. The stock has a market cap of $1.26 billion, a PE ratio of 16.70 and a beta of 1.52. The company has a quick ratio of 1.26, a current ratio of 2.29 and a debt-to-equity ratio of 0.07. The business’s 50-day moving average price is $17.99 and its 200-day moving average price is $22.59.

ACM Research (NASDAQ:ACMR) last announced 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 firm had revenue of $202.50 million during the quarter, compared to the consensus estimate of $163.05 million. ACM Research had a net margin of 12.26% and a return on equity of 9.16%. The business’s quarterly revenue was up 40.0% compared to the same quarter last year. During the same period last year, the firm earned $0.45 EPS. On average, equities analysts forecast that ACM Research, Inc. will post 0.92 EPS for the current fiscal year.

Hedge Funds Weigh In On ACM Research

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hussman Strategic Advisors Inc. boosted its position in shares of ACM Research by 0.3% during the 1st quarter. Hussman Strategic Advisors Inc. now owns 157,500 shares of the specialty retailer’s stock valued at $4,590,000 after acquiring an additional 500 shares during the last quarter. Swiss National Bank lifted its position in ACM Research by 1.2% during the first quarter. Swiss National Bank now owns 87,800 shares of the specialty retailer’s stock valued at $2,558,000 after purchasing an additional 1,000 shares during the last quarter. Cim LLC grew its stake in ACM Research by 8.6% in the 2nd quarter. Cim LLC now owns 16,788 shares of the specialty retailer’s stock worth $387,000 after buying an additional 1,326 shares in the last quarter. Sei Investments Co. increased its holdings in shares of ACM Research by 6.7% in the 2nd quarter. Sei Investments Co. now owns 21,736 shares of the specialty retailer’s stock worth $501,000 after buying an additional 1,358 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of ACM Research by 7.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,454 shares of the specialty retailer’s stock worth $449,000 after buying an additional 1,382 shares during the last quarter. 66.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ACMR shares. Needham & Company LLC reissued a “buy” rating and issued a $25.00 price objective on shares of ACM Research in a report on Tuesday. Roth Mkm lowered their price target on shares of ACM Research from $40.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Benchmark reaffirmed a “buy” rating and issued a $38.00 price objective on shares of ACM Research in a report on Wednesday, August 7th.

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.