ACM Research, Inc. (NASDAQ:ACMR – Get Free Report) insider David Wang sold 60,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $90.05, for a total transaction of $5,403,000.00. Following the transaction, the insider owned 802,708 shares in the company, valued at $72,283,855.40. This represents a 6.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
ACM Research Stock Performance
Shares of ACMR opened at $76.29 on Monday. The company has a 50-day simple moving average of $59.44 and a two-hundred day simple moving average of $51.89. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.51 and a quick ratio of 2.52. The firm has a market capitalization of $4.67 billion, a PE ratio of 58.24 and a beta of 2.00. ACM Research, Inc. has a one year low of $23.03 and a one year high of $94.21.
ACM Research (NASDAQ:ACMR – Get Free Report) last announced its earnings results on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.08. The firm had revenue of $231.26 million during the quarter, compared to analyst estimates of $215.69 million. ACM Research had a return on equity of 4.17% and a net margin of 9.48%.The business’s revenue was up 34.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.46 EPS. On average, analysts anticipate that ACM Research, Inc. will post 1.02 EPS for the current fiscal year.
Hedge Funds Weigh In On ACM Research
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on ACMR. Zacks Research cut shares of ACM Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Roth Mkm reiterated a “buy” rating and issued a $100.00 price target on shares of ACM Research in a research note on Monday, June 1st. Seaport Research Partners began coverage on shares of ACM Research in a research report on Monday, May 4th. They set a “buy” rating and a $75.00 price target for the company. Weiss Ratings raised shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Finally, Wall Street Zen raised shares of ACM Research from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $100.00.
View Our Latest Stock Report on ACMR
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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