ACM Research (NASDAQ:ACMR) Stock Price Down 3.9% Following Insider Selling

ACM Research, Inc. (NASDAQ:ACMR) fell 3.9% during trading on Thursday following insider selling activity. The stock traded as low as $16.78 and last traded at $16.91. 425,697 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 759,858 shares. The stock had previously closed at $17.59.

Specifically, Director Haiping Dun sold 32,098 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $13.85, for a total value of $444,557.30. Following the completion of the transaction, the director now directly owns 855,090 shares in the company, valued at approximately $11,842,996.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Lisa Feng sold 22,500 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $15.00, for a total transaction of $337,500.00. Following the completion of the transaction, the insider now directly owns 50,001 shares in the company, valued at approximately $750,015. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Haiping Dun sold 32,098 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $13.85, for a total transaction of $444,557.30. Following the transaction, the director now owns 855,090 shares of the company’s stock, valued at $11,842,996.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 279,598 shares of company stock worth $4,522,457. 33.63% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Needham & Company LLC reissued a “buy” rating and set a $18.00 target price on shares of ACM Research in a report on Monday, August 7th. Jefferies Financial Group raised shares of ACM Research from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $9.00 to $23.40 in a report on Monday, July 3rd. The Goldman Sachs Group boosted their target price on shares of ACM Research from $14.20 to $16.20 and gave the stock a “neutral” rating in a report on Friday, September 1st. Finally, Benchmark reissued a “buy” rating and set a $32.00 target price on shares of ACM Research in a report on Monday, August 7th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.92.

ACM Research Stock Performance

The firm has a market capitalization of $853.60 million, a P/E ratio of 15.22 and a beta of 1.10. The company’s 50 day moving average is $14.67 and its 200-day moving average is $12.28. The company has a quick ratio of 1.15, a current ratio of 2.18 and a debt-to-equity ratio of 0.02.

ACM Research (NASDAQ:ACMR) last issued its earnings results on Friday, August 4th. The specialty retailer reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.38. The business had revenue of $144.58 million for the quarter, compared to analyst estimates of $113.32 million. ACM Research had a net margin of 14.48% and a return on equity of 9.04%. As a group, equities analysts anticipate that ACM Research, Inc. will post 1.12 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Advisor Group Holdings Inc. raised its holdings in ACM Research by 166.4% during the first quarter. Advisor Group Holdings Inc. now owns 1,500 shares of the specialty retailer’s stock worth $31,000 after buying an additional 937 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in ACM Research by 210.6% during the first quarter. Great West Life Assurance Co. Can now owns 1,752 shares of the specialty retailer’s stock worth $39,000 after buying an additional 1,188 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in ACM Research by 205.7% during the second quarter. Tower Research Capital LLC TRC now owns 3,968 shares of the specialty retailer’s stock worth $52,000 after buying an additional 2,670 shares during the last quarter. Headlands Technologies LLC acquired a new position in ACM Research during the second quarter worth $53,000. Finally, Quent Capital LLC acquired a new position in ACM Research during the second quarter worth $65,000. 59.31% of the stock is owned by institutional investors.

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.