ACM Research (NASDAQ:ACMR) Stock Price Down 5.1% on Insider Selling

Key Points

• ACM Research's stock fell 5.1% on Wednesday amid insider selling, with shares trading between $28.39 and $28.71.
• Insider Jian Wang sold a total of 60,000 shares this month, reducing his ownership by 10.59% after transactions totaling approximately $1.86 million.
• Despite the recent decline, ACM Research reported a quarterly EPS of $0.54, exceeding analyst estimates and achieving a revenue increase of 6.4% year-over-year, though slightly below expectations.

ACM Research, Inc. (NASDAQ:ACMR - Get Free Report)'s stock price traded down 5.1% on Wednesday following insider selling activity. The stock traded as low as $28.71 and last traded at $28.39. 259,317 shares changed hands during trading, a decline of 82% from the average session volume of 1,436,301 shares. The stock had previously closed at $29.91.

Specifically, insider Jian Wang sold 30,000 shares of the company's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $32.00, for a total transaction of $960,000.00. Following the transaction, the insider directly owned 253,158 shares of the company's stock, valued at approximately $8,101,056. The trade was a 10.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jian Wang sold 30,000 shares of ACM Research stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $30.00, for a total value of $900,000.00. Following the sale, the insider directly owned 253,158 shares of the company's stock, valued at approximately $7,594,740. The trade was a 10.59% decrease in their position. The disclosure for this sale can be found here. In related news, insider Sotheara Cheav sold 11,152 shares of ACM Research stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $30.00, for a total transaction of $334,560.00. Following the completion of the sale, the insider owned 100,002 shares of the company's stock, valued at approximately $3,000,060. This trade represents a 10.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

ACM Research Trading Down 4.8%

The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 17.28 and a beta of 1.36. 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 business has a 50-day moving average of $27.71 and a 200-day moving average of $24.96.

ACM Research (NASDAQ:ACMR - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, beating 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 business's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.55 earnings per share. As a group, research analysts forecast that ACM Research, Inc. will post 1.17 earnings per share for the current year.

Hedge Funds Weigh In On ACM Research

Several hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC increased its position in ACM Research by 7.3% during the second quarter. Tower Research Capital LLC TRC now owns 6,076 shares of the specialty retailer's stock worth $157,000 after buying an additional 416 shares during the last quarter. Cim LLC increased its position in ACM Research by 2.8% during the fourth quarter. Cim LLC now owns 17,149 shares of the specialty retailer's stock worth $259,000 after buying an additional 475 shares during the last quarter. Vontobel Holding Ltd. increased its position in ACM Research by 2.4% during the second quarter. Vontobel Holding Ltd. now owns 20,551 shares of the specialty retailer's stock worth $532,000 after buying an additional 491 shares during the last quarter. FCG Investment Co increased its position in ACM Research by 1.6% during the second quarter. FCG Investment Co now owns 35,877 shares of the specialty retailer's stock worth $929,000 after buying an additional 577 shares during the last quarter. Finally, Kendall Capital Management increased its position in ACM Research by 1.4% during the first quarter. Kendall Capital Management now owns 45,240 shares of the specialty retailer's stock worth $1,056,000 after buying an additional 635 shares during the last quarter. 66.75% of the stock is owned by institutional investors and hedge funds.

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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