ACM Research, Inc. (NASDAQ:ACMR) Director Sells $286,800.00 in Stock

ACM Research, Inc. (NASDAQ:ACMR) Director Haiping Dun sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $19.12, for a total transaction of $286,800.00. Following the completion of the sale, the director now owns 774,148 shares in the company, valued at $14,801,709.76. The trade was a 1.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

ACM Research Stock Down 0.6 %

ACMR stock opened at $17.27 on Thursday. ACM Research, Inc. has a 52-week low of $13.94 and a 52-week high of $34.40. The company’s 50 day simple moving average is $19.24 and its 200-day simple moving average is $20.22. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34. The firm has a market capitalization of $994.92 million, a P/E ratio of 13.16 and a beta of 1.54.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings results on Thursday, November 7th. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.35. The business had revenue of $204.00 million for the quarter, compared to analyst estimates of $191.18 million. ACM Research had a net margin of 12.38% and a return on equity of 9.07%. The firm’s revenue was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 earnings per share. As a group, equities research analysts anticipate that ACM Research, Inc. will post 1.12 EPS for the current year.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its stake in ACM Research by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,180,741 shares of the specialty retailer’s stock valued at $23,973,000 after buying an additional 26,620 shares during the period. Millennium Management LLC increased its stake in ACM Research by 283.9% in the 2nd quarter. Millennium Management LLC now owns 924,104 shares of the specialty retailer’s stock valued at $21,310,000 after buying an additional 683,361 shares during the period. Portolan Capital Management LLC increased its stake in ACM Research by 7.7% in the 3rd quarter. Portolan Capital Management LLC now owns 921,451 shares of the specialty retailer’s stock valued at $18,705,000 after buying an additional 65,616 shares during the period. Allspring Global Investments Holdings LLC increased its stake in ACM Research by 9.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 408,135 shares of the specialty retailer’s stock valued at $9,412,000 after buying an additional 34,066 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in ACM Research by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 405,858 shares of the specialty retailer’s stock valued at $8,239,000 after buying an additional 13,879 shares during the period. Institutional investors and hedge funds own 66.75% of the company’s stock.

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.