ACM Research, Inc. (NASDAQ:ACMR - Get Free Report)'s share price reached a new 52-week high on Wednesday . The company traded as high as $39.85 and last traded at $38.99, with a volume of 4588221 shares. The stock had previously closed at $36.68.
ACM Research Trading Up 6.3%
The company has a quick ratio of 1.49, a current ratio of 2.45 and a debt-to-equity ratio of 0.14. The stock's fifty day moving average price is $29.05 and its two-hundred day moving average price is $25.71. The company has a market capitalization of $2.31 billion, a PE ratio of 23.63 and a beta of 1.44.
ACM Research (NASDAQ:ACMR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The specialty retailer reported $0.54 EPS for the quarter, topping the consensus estimate of $0.42 by $0.12. ACM Research had a net margin of 13.76% and a return on equity of 9.57%. The business had revenue of $215.37 million during the quarter, compared to analyst estimates of $223.42 million. During the same period last year, the business posted $0.55 earnings per share. ACM Research's quarterly revenue was up 6.4% compared to the same quarter last year. Sell-side analysts anticipate that ACM Research, Inc. will post 1.17 earnings per share for the current year.
Insiders Place Their Bets
In other ACM Research news, insider Lisa Feng sold 15,000 shares of the firm's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $28.00, for a total value of $420,000.00. Following the completion of the sale, the insider directly owned 50,001 shares in the company, valued at $1,400,028. This trade represents a 23.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider David H. Wang sold 60,000 shares of the firm's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $26.44, for a total transaction of $1,586,400.00. Following the completion of the sale, the insider owned 672,708 shares of the company's stock, valued at $17,786,399.52. This trade represents a 8.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 286,152 shares of company stock valued at $8,419,160 over the last ninety days. 25.00% of the stock is owned by corporate insiders.
Institutional Trading of ACM Research
Several institutional investors and hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of ACM Research by 3.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,996 shares of the specialty retailer's stock valued at $438,000 after purchasing an additional 1,061 shares in the last quarter. Man Group plc bought a new position in shares of ACM Research during the fourth quarter valued at approximately $370,000. ProShare Advisors LLC increased its stake in shares of ACM Research by 45.8% during the fourth quarter. ProShare Advisors LLC now owns 21,516 shares of the specialty retailer's stock valued at $325,000 after purchasing an additional 6,762 shares in the last quarter. Squarepoint Ops LLC increased its stake in shares of ACM Research by 33.7% during the fourth quarter. Squarepoint Ops LLC now owns 125,002 shares of the specialty retailer's stock valued at $1,888,000 after purchasing an additional 31,511 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of ACM Research by 1,418.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,174,720 shares of the specialty retailer's stock valued at $17,738,000 after purchasing an additional 1,097,358 shares in the last quarter. 66.75% of the stock is currently owned by hedge funds and other institutional investors.
ACM Research Company Profile
(
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.
Further Reading
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