ACM Research (NASDAQ:ACMR) Shares Gap Down - Should You Sell?

Key Points

• ACM Research's stock price fell significantly, opening at $25.15 after closing at $29.65, with last traded shares at $23.84.
• Insiders have sold a total of 175,000 shares valued at over $4.2 million in the past three months, indicating reduced confidence in the stock among executives.
• Institutional investors currently own 66.75% of ACM Research's stock, with notable recent acquisitions and increases in holdings by several firms.

ACM Research, Inc. (NASDAQ:ACMR - )'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $29.65, but opened at $25.15. ACM Research shares last traded at $23.84, with a volume of 1,192,450 shares.

ACM Research Trading Down 14.2%

The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 16.40 and a beta of 1.36. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.49 and a current ratio of 2.46. The company has a 50-day moving average price of $27.19 and a 200-day moving average price of $24.29.

Insider Activity at ACM Research

In related news, insider Lisa Feng sold 15,000 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of $28.00, for a total value of $420,000.00. Following the transaction, the insider directly owned 50,001 shares of the company's stock, valued at $1,400,028. This trade represents a 23.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Tracy Liu sold 15,000 shares of the business's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $30.00, for a total transaction of $450,000.00. Following the completion of the sale, the director directly owned 110,772 shares of the company's stock, valued at approximately $3,323,160. This trade represents a 11.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 175,000 shares of company stock valued at $4,269,800 over the last three months. 25.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Resona Asset Management Co. Ltd. grew its position in shares of ACM Research by 14.9% during the second quarter. Resona Asset Management Co. Ltd. now owns 7,730 shares of the specialty retailer's stock worth $199,000 after acquiring an additional 1,000 shares during the last quarter. Spire Wealth Management acquired a new stake in ACM Research during the 2nd quarter worth $452,000. Yorktown Management & Research Co Inc purchased a new position in ACM Research during the 2nd quarter worth $344,000. James Investment Research Inc. acquired a new position in ACM Research in the second quarter valued at $417,000. Finally, Teacher Retirement System of Texas raised its holdings in shares of ACM Research by 79.7% in the second quarter. Teacher Retirement System of Texas now owns 47,840 shares of the specialty retailer's stock valued at $1,239,000 after buying an additional 21,216 shares during the last quarter. Institutional investors and hedge funds own 66.75% of the company's stock.

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.

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