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

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 the stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $35.00, for a total transaction of $1,050,000.00. Following the completion of the transaction, the insider owned 253,158 shares of the company's stock, valued at $8,860,530. This represents a 10.59% decrease in their position. The sale was disclosed in a 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 transaction of $960,000.00.
• On Friday, August 22nd, Jian Wang sold 30,000 shares of ACM Research stock. The shares were sold at an average price of $30.00, for a total transaction of $900,000.00.

ACM Research Price Performance

ACMR stock traded up $0.79 during midday trading on Monday, hitting $36.68. 2,312,567 shares of the stock were exchanged, compared to its average volume of 1,591,590. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.49 and a current ratio of 2.45. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 22.23 and a beta of 1.44. ACM Research, Inc. has a fifty-two week low of $13.87 and a fifty-two week high of $37.27. The stock's 50-day moving average price is $28.86 and its 200-day moving average price is $25.62.

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

Institutional Trading of ACM Research

Several institutional investors and hedge funds have recently made changes to their positions in ACMR. KBC Group NV acquired a new position in ACM Research in the 1st quarter valued at about $29,000. EverSource Wealth Advisors LLC grew its holdings in shares of ACM Research by 656.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer's stock worth $33,000 after buying an additional 1,122 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of ACM Research by 871.5% during the first quarter. Caitong International Asset Management Co. Ltd now owns 4,673 shares of the specialty retailer's stock valued at $109,000 after buying an additional 4,192 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in shares of ACM Research during the first quarter valued at approximately $114,000. Finally, Headlands Technologies LLC acquired a new stake in ACM Research during the second quarter worth approximately $114,000. 66.75% of the stock is currently owned by hedge funds and other institutional investors.

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.