Haiping Dun Sells 15,000 Shares of ACM Research, Inc. (NASDAQ:ACMR) Stock

ACM Research, Inc. (NASDAQ:ACMR) Director Haiping Dun sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $22.88, for a total transaction of $343,200.00. Following the completion of the transaction, the director now directly owns 874,329 shares in the company, valued at $20,004,647.52. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Haiping Dun also recently made the following trade(s):

• On Thursday, March 14th, Haiping Dun sold 19,434 shares of ACM Research stock. The stock was sold at an average price of $27.70, for a total value of $538,321.80.
• On Friday, March 8th, Haiping Dun sold 15,000 shares of ACM Research stock. The shares were sold at an average price of $30.36, for a total value of $455,400.00.

ACM Research Trading Up 1.3 %

Shares of ACMR stock opened at $22.56 on Friday. ACM Research, Inc. has a 1-year low of $9.36 and a 1-year high of $34.40. The firm has a market cap of $1.29 billion, a PE ratio of 17.09 and a beta of 1.42. The company has a 50-day moving average of $27.24 and a two-hundred day moving average of $22.52. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.31 and a quick ratio of 2.31.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings data on Wednesday, February 28th. The specialty retailer reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.27. ACM Research had a net margin of 13.79% and a return on equity of 10.26%. The firm had revenue of $170.30 million during the quarter, compared to analysts’ expectations of $149.54 million. During the same quarter last year, the company posted $0.15 EPS. The firm’s quarterly revenue was up 57.0% on a year-over-year basis. On average, analysts predict that ACM Research, Inc. will post 1 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ACMR shares. Benchmark upped their price objective on shares of ACM Research from $35.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Needham & Company LLC restated a “buy” rating and set a $34.00 price target on shares of ACM Research in a report on Thursday, May 9th. Finally, The Goldman Sachs Group upgraded ACM Research from a “neutral” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Thursday, February 29th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $31.88.

Institutional Investors Weigh In On ACM Research

A number of institutional investors have recently modified their holdings of ACMR. Ariose Capital Management Ltd boosted its holdings in ACM Research by 163.8% during the 4th quarter. Ariose Capital Management Ltd now owns 1,980,671 shares of the specialty retailer’s stock valued at $38,702,000 after acquiring an additional 1,229,839 shares during the period. Panview Asian Equity Master Fund boosted its stake in shares of ACM Research by 264.7% in the fourth quarter. Panview Asian Equity Master Fund now owns 1,057,753 shares of the specialty retailer’s stock valued at $20,668,000 after purchasing an additional 767,753 shares during the period. Steamboat Capital Partners LLC acquired a new position in shares of ACM Research in the first quarter valued at approximately $20,398,000. Prelude Capital Management LLC purchased a new stake in ACM Research during the 4th quarter worth approximately $8,640,000. Finally, Vanguard Group Inc. lifted its holdings in ACM Research by 10.9% during the 3rd quarter. Vanguard Group Inc. now owns 4,082,835 shares of the specialty retailer’s stock worth $73,920,000 after buying an additional 399,854 shares in the last quarter. 66.75% of the stock is owned by institutional investors and hedge funds.

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.