ACM Research (NASDAQ:ACMR) Insider Jian Wang Sells 30,000 Shares

Key Points

• Insider Jian Wang sold 30,000 shares of ACM Research stock on September 18th for a total of $1,050,000, reducing their ownership by 10.59% to approximately 253,158 shares valued at around $8.86 million.
• ACM Research reported a quarterly earnings per share (EPS) of $0.54, exceeding expectations, although revenue of $215.37 million fell short of estimates.
• Institutional investors hold 66.75% of ACM Research's stock, with significant increases in stakes from firms like Mitsubishi UFJ Trust & Banking and Federated Hermes during the second quarter.

ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) insider Jian Wang sold 30,000 shares of ACM Research stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $35.00, for a total value of $1,050,000.00. Following the transaction, the insider directly owned 253,158 shares of the company's stock, valued at $8,860,530. This trade represents a 10.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jian Wang also recently made the following trade(s):

• On Monday, August 25th, Jian Wang sold 30,000 shares of ACM Research stock. The stock was sold at an average price of $32.00, for a total value of $960,000.00.
• On Friday, August 22nd, Jian Wang sold 30,000 shares of ACM Research stock. The stock was sold at an average price of $30.00, for a total value of $900,000.00.

ACM Research Price Performance

ACM Research stock traded down $0.20 during midday trading on Friday, reaching $35.89. 1,788,236 shares of the company were exchanged, compared to its average volume of 1,790,880. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 21.75 and a beta of 1.43. The firm's 50-day simple moving average is $28.70 and its 200-day simple moving average is $25.56. ACM Research, Inc. has a 1 year low of $13.87 and a 1 year high of $36.30. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.49 and a current ratio of 2.45.

ACM Research (NASDAQ:ACMR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The specialty retailer reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.12. The firm had revenue of $215.37 million during the quarter, compared to analysts' expectations of $223.42 million. ACM Research had a return on equity of 9.57% and a net margin of 13.76%.The firm's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 EPS. On average, analysts anticipate that ACM Research, Inc. will post 1.17 EPS for the current year.

Institutional Trading of ACM Research

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of ACM Research by 39.3% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,302,351 shares of the specialty retailer's stock valued at $59,631,000 after purchasing an additional 649,116 shares in the last quarter. Federated Hermes Inc. lifted its stake in shares of ACM Research by 32.5% in the 2nd quarter. Federated Hermes Inc. now owns 1,421,688 shares of the specialty retailer's stock valued at $36,822,000 after purchasing an additional 348,936 shares in the last quarter. Triata Capital Ltd lifted its stake in shares of ACM Research by 33.5% in the 1st quarter. Triata Capital Ltd now owns 1,371,125 shares of the specialty retailer's stock valued at $32,002,000 after purchasing an additional 344,158 shares in the last quarter. Invesco Ltd. lifted its stake in shares of ACM Research by 18.2% in the 1st quarter. Invesco Ltd. now owns 1,339,102 shares of the specialty retailer's stock valued at $31,255,000 after purchasing an additional 206,149 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of ACM Research by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 1,238,031 shares of the specialty retailer's stock valued at $32,069,000 after purchasing an additional 21,366 shares in the last quarter. Hedge funds and other institutional investors own 66.75% of the company's stock.

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.