David Wang Sells 70,000 Shares of ACM Research (NASDAQ:ACMR) Stock

Key Points

• Insider sale: David Wang sold 70,000 ACM Research shares at an average price of $74.59, generating approximately $5.22 million. He retains 802,708 shares, an 8.02% reduction in his position.
• Stock performance: ACM Research shares fell 2.0% to $72.39, with the company valued at roughly $4.68 billion and trading between a one-year low of $28.46 and high of $127.19.
• Strong fundamentals and analyst outlook: The company beat quarterly EPS and revenue estimates, with revenue rising 36% year over year. Analysts maintain an overall “Buy” rating and an average price target of $122.75, while institutional investors own 66.75% of the stock.

ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) insider David Wang sold 70,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $74.59, for a total value of $5,221,300.00. Following the completion of the sale, the insider directly owned 802,708 shares of the company's stock, valued at $59,873,989.72. This trade represents a 8.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

ACM Research Stock Down 2.0%

Shares of NASDAQ ACMR traded down $1.44 during midday trading on Thursday, hitting $72.39. 705,417 shares of the stock traded hands, compared to its average volume of 1,396,271. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.66 and a current ratio of 3.66. ACM Research, Inc. has a one year low of $28.46 and a one year high of $127.19. The business has a 50 day moving average price of $82.95 and a two-hundred day moving average price of $71.58. The company has a market cap of $4.68 billion, a PE ratio of 34.47 and a beta of 1.96.

ACM Research (NASDAQ:ACMR - Get Free Report) last issued its earnings results on Friday, August 7th. The specialty retailer reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.19. The company had revenue of $292.92 million for the quarter, compared to analysts' expectations of $269.28 million. ACM Research had a return on equity of 4.08% and a net margin of 14.48%.ACM Research's quarterly revenue was up 36.0% compared to the same quarter last year. During the same period last year, the business earned $0.54 EPS. On average, equities analysts predict that ACM Research, Inc. will post 1.68 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Roth Capital set a $125.00 price objective on shares of ACM Research and gave the company a "buy" rating in a report on Wednesday, June 17th. Craig Hallum reaffirmed a "buy" rating and issued a $100.00 price target on shares of ACM Research in a research report on Monday, August 10th. Zacks Research raised shares of ACM Research from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 17th. Weiss Ratings upgraded ACM Research from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. Finally, Daiwa Securities Group started coverage on ACM Research in a report on Wednesday, August 26th. They set a "buy" rating and a $136.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $122.75.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Jefferies Financial Group Inc. bought a new stake in shares of ACM Research in the 4th quarter worth approximately $1,054,000. Thompson Siegel & Walmsley LLC grew its holdings in ACM Research by 71.8% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 188,500 shares of the specialty retailer's stock valued at $7,436,000 after purchasing an additional 78,800 shares during the period. Penn Capital Management Company LLC bought a new position in ACM Research during the fourth quarter valued at $17,212,000. Fideuram Asset Management Ireland dac purchased a new stake in ACM Research in the fourth quarter worth $1,222,000. Finally, California State Teachers Retirement System increased its position in ACM Research by 32.4% in the first quarter. California State Teachers Retirement System now owns 63,131 shares of the specialty retailer's stock worth $2,484,000 after buying an additional 15,460 shares during the last quarter. Institutional investors own 66.75% of the company's stock.

ACM Research Company Profile

ACM Research, Inc NASDAQ: ACMR designs, develops and markets wet processing equipment for the semiconductor industry. The company focuses on advanced wafer cleaning technologies that address critical contamination-control requirements for logic, memory and advanced packaging applications. Since its founding in 2003, ACM Research has engineered modular platform tools that can be configured for a range of spin, scrub and batch cleaning processes.

Its product portfolio encompasses single-wafer spin cleaning systems featuring high-purity megasonic capabilities, dynamic chemical scrubbing modules for post-CMP residue removal and batch-process cleaning equipment designed for high-throughput production environments.

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