Insider Selling: ACM Research, Inc. (NASDAQ:ACMR) Major Shareholder Sells 26,300 Shares of Stock

ACM Research, Inc. (NASDAQ:ACMR) major shareholder Science & Technology Shanghai sold 26,300 shares of the 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 transaction, the insider now directly owns 3,403,906 shares of the company’s stock, valued at $68,112,159.06. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

ACM Research Stock Performance

Shares of NASDAQ:ACMR traded down $0.21 during midday trading on Thursday, hitting $18.90. The stock had a trading volume of 764,623 shares, compared to its average volume of 1,421,224. ACM Research, Inc. has a 1 year low of $12.53 and a 1 year high of $34.40. The stock has a 50 day moving average price of $17.92 and a two-hundred day moving average price of $22.66. The company has a market capitalization of $1.08 billion, a PE ratio of 14.32 and a beta of 1.52. The company has a current ratio of 2.29, a quick ratio of 1.26 and a debt-to-equity ratio of 0.07.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings data on Wednesday, August 7th. The specialty retailer reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.25. ACM Research had a net margin of 12.26% and a return on equity of 9.16%. The firm had revenue of $202.50 million for the quarter, compared to analysts’ expectations of $163.05 million. During the same period in the prior year, the company earned $0.45 EPS. The firm’s revenue was up 40.0% on a year-over-year basis. As a group, equities analysts predict that ACM Research, Inc. will post 0.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ACMR. Needham & Company LLC reissued a “buy” rating and issued a $25.00 target price on shares of ACM Research in a research note on Tuesday. Roth Mkm cut their price objective on 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 issued a $38.00 price target on shares of ACM Research in a research note on Wednesday, August 7th.

Hedge Funds Weigh In On ACM Research

Several institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC boosted its holdings in ACM Research by 297.1% in the second quarter. CWM LLC now owns 1,930 shares of the specialty retailer’s stock worth $45,000 after purchasing an additional 1,444 shares during the period. Picton Mahoney Asset Management acquired a new stake in ACM Research during the 2nd quarter worth about $59,000. Lazard Asset Management LLC lifted its position in shares of ACM Research by 1,197.6% in the 1st quarter. Lazard Asset Management LLC now owns 3,218 shares of the specialty retailer’s stock valued at $93,000 after acquiring an additional 2,970 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of ACM Research in the second quarter worth $99,000. Finally, Palouse Capital Management Inc. purchased a new position in ACM Research during the 2nd quarter valued at about $105,000. 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.