Insider Selling: ACM Research (NASDAQ:ACMR) Director Sells 5,000 Shares of Stock

Key Points

• ACM Research director Haiping Dun sold 5,000 shares at an average price of $81.13, worth approximately $405,650, reducing the director’s direct holdings by 50% to 5,000 shares.
• ACMR recently reported stronger-than-expected quarterly results, with EPS of $0.61 versus a $0.42 estimate and revenue of $292.92 million, up 36% year over year.
• The stock traded at $78.52, while analysts maintained an overall “Buy” consensus with an average price target of $118.33; institutional investors own 66.75% of the company.

ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) Director Haiping Dun sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $81.13, for a total value of $405,650.00. Following the sale, the director directly owned 5,000 shares in the company, valued at $405,650. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

ACM Research Price Performance

NASDAQ ACMR traded up $0.93 during midday trading on Thursday, hitting $78.52. The company had a trading volume of 810,812 shares, compared to its average volume of 1,450,056. The firm has a 50-day moving average price of $91.66 and a 200-day moving average price of $70.22. The company has a market capitalization of $5.08 billion, a PE ratio of 37.39 and a beta of 1.96. The company has a current ratio of 3.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.08. ACM Research, Inc. has a twelve month low of $24.93 and a twelve month high of $127.19.

ACM Research (NASDAQ:ACMR - Get Free Report) last released its earnings results on Friday, August 7th. The specialty retailer reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.19. The company had revenue of $292.92 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm posted $0.54 EPS. As a group, analysts anticipate that ACM Research, Inc. will post 1.68 earnings per share for the current fiscal year.

Institutional Trading of ACM Research

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Jefferies Financial Group Inc. acquired a new stake in shares of ACM Research during the fourth quarter valued at about $1,054,000. Vanguard Group Inc. increased its stake in shares of ACM Research by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 4,972,103 shares of the specialty retailer's stock valued at $196,149,000 after buying an additional 125,690 shares during the period. Thompson Siegel & Walmsley LLC raised its holdings in ACM Research by 71.8% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 188,500 shares of the specialty retailer's stock valued at $7,436,000 after buying an additional 78,800 shares during the last quarter. Penn Capital Management Company LLC bought a new position in ACM Research in the 4th quarter valued at approximately $17,212,000. Finally, Yong Rong HK Asset Management Ltd acquired a new stake in ACM Research during the 4th quarter worth approximately $2,367,000. Institutional investors own 66.75% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ACMR. Roth Capital set a $125.00 target price on shares of ACM Research and gave the company a "buy" rating in a research report on Wednesday, June 17th. Morgan Stanley reissued an "overweight" rating and issued a $130.00 price objective (up from $90.00) on shares of ACM Research in a research note on Tuesday, June 23rd. Wall Street Zen upgraded shares of ACM Research from a "sell" rating to a "hold" rating in a research report on Saturday, May 9th. Zacks Research upgraded ACM Research from a "hold" rating to a "strong-buy" rating in a research note on Monday. Finally, Weiss Ratings raised ACM Research from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $118.33.

About ACM Research

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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