David H. Wang Sells 90,000 Shares of ACM Research, Inc. (NASDAQ:ACMR) Stock

ACM Research, Inc. (NASDAQ:ACMR) insider David H. Wang sold 90,000 shares of the stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $18.06, for a total value of $1,625,400.00. Following the transaction, the insider now owns 589,134 shares of the company’s stock, valued at $10,639,760.04. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

ACM Research Price Performance

Shares of NASDAQ ACMR opened at $16.74 on Friday. ACM Research, Inc. has a 1-year low of $5.46 and a 1-year high of $19.99. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.18 and a quick ratio of 1.15. The business’s fifty day moving average price is $14.63 and its two-hundred day moving average price is $12.24. The firm has a market capitalization of $920.70 million, a PE ratio of 16.41 and a beta of 1.10.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings results on Friday, August 4th. The specialty retailer reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.38. The company had revenue of $144.58 million for the quarter, compared to analyst estimates of $113.32 million. ACM Research had a return on equity of 9.04% and a net margin of 14.48%. On average, research analysts expect that ACM Research, Inc. will post 1.12 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ACMR. California State Teachers Retirement System boosted its position in ACM Research by 1.5% during the 2nd quarter. California State Teachers Retirement System now owns 56,894 shares of the specialty retailer’s stock worth $744,000 after acquiring an additional 855 shares during the period. Advisor Group Holdings Inc. boosted its position in ACM Research by 166.4% during the 1st quarter. Advisor Group Holdings Inc. now owns 1,500 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 937 shares during the period. Great West Life Assurance Co. Can boosted its position in ACM Research by 210.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 1,752 shares of the specialty retailer’s stock worth $39,000 after acquiring an additional 1,188 shares during the period. Royal Bank of Canada boosted its position in ACM Research by 42.4% during the 2nd quarter. Royal Bank of Canada now owns 5,748 shares of the specialty retailer’s stock worth $75,000 after acquiring an additional 1,712 shares during the period. Finally, Alliancebernstein L.P. raised its stake in shares of ACM Research by 3.5% during the 3rd quarter. Alliancebernstein L.P. now owns 50,673 shares of the specialty retailer’s stock worth $631,000 after purchasing an additional 1,717 shares in the last quarter. Institutional investors own 59.31% of the company’s stock.

Wall Street Analyst Weigh In

ACMR has been the topic of several research analyst reports. Benchmark restated a “buy” rating and set a $32.00 price objective on shares of ACM Research in a research note on Monday, August 7th. Needham & Company LLC restated a “buy” rating and set a $18.00 price objective on shares of ACM Research in a research note on Monday, August 7th. Jefferies Financial Group upgraded ACM Research from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $9.00 to $23.40 in a research note on Monday, July 3rd. Finally, The Goldman Sachs Group raised their price objective on ACM Research from $14.20 to $16.20 and gave the stock a “neutral” rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.92.

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.