Jian Wang Sells 30,000 Shares of ACM Research, Inc. (NASDAQ:ACMR) Stock

ACM Research, Inc. (NASDAQ:ACMRGet Free Report) insider Jian Wang sold 30,000 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $22.07, for a total transaction of $662,100.00. Following the completion of the sale, the insider now directly owns 253,158 shares of the company’s stock, valued at $5,587,197.06. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

ACM Research Stock Down 1.5 %

Shares of NASDAQ ACMR opened at $22.41 on Friday. ACM Research, Inc. has a 12-month low of $10.32 and a 12-month high of $34.40. The stock’s fifty day simple moving average is $25.83 and its two-hundred day simple moving average is $22.89. The stock has a market capitalization of $1.28 billion, a PE ratio of 16.98 and a beta of 1.44. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.06.

ACM Research (NASDAQ:ACMRGet Free Report) last announced its earnings results on Wednesday, May 8th. The specialty retailer reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.09. ACM Research had a net margin of 13.79% and a return on equity of 10.26%. The business had revenue of $152.19 million during the quarter, compared to the consensus estimate of $151.00 million. As a group, analysts expect that ACM Research, Inc. will post 1 EPS for the current fiscal year.

Institutional Investors Weigh In On ACM Research

Several institutional investors have recently bought and sold shares of the company. Hussman Strategic Advisors Inc. lifted its holdings in shares of ACM Research by 0.3% during the 1st quarter. Hussman Strategic Advisors Inc. now owns 157,500 shares of the specialty retailer’s stock valued at $4,590,000 after purchasing an additional 500 shares during the last quarter. Swiss National Bank increased its position in ACM Research by 1.2% during the 1st quarter. Swiss National Bank now owns 87,800 shares of the specialty retailer’s stock valued at $2,558,000 after buying an additional 1,000 shares in the last quarter. Trexquant Investment LP raised its stake in ACM Research by 7.5% in the third quarter. Trexquant Investment LP now owns 17,160 shares of the specialty retailer’s stock valued at $311,000 after buying an additional 1,198 shares during the last quarter. Spire Wealth Management acquired a new stake in ACM Research in the third quarter worth about $27,000. Finally, Watershed Asset Management L.L.C. grew its stake in shares of ACM Research by 11.0% during the fourth quarter. Watershed Asset Management L.L.C. now owns 15,933 shares of the specialty retailer’s stock worth $311,000 after acquiring an additional 1,582 shares during the last quarter. 66.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Read Our Latest Research Report on ACM Research

About ACM Research

(Get Free Report)

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.

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