Haiping Dun Sells 5,000 Shares of ACM Research (NASDAQ:ACMR) Stock

ACM Research, Inc. (NASDAQ:ACMRGet Free Report) Director Haiping Dun sold 5,000 shares of the stock in a transaction 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 completion of the sale, the director owned 5,000 shares in the company, valued at approximately $405,650. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

ACM Research Stock Performance

Shares of NASDAQ:ACMR opened at $79.41 on Friday. The firm’s 50 day simple moving average is $91.11 and its 200-day simple moving average is $70.43. 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 $26.10 and a one year high of $127.19. The firm has a market cap of $5.13 billion, a PE ratio of 37.81 and a beta of 1.96.

ACM Research (NASDAQ:ACMRGet 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 the consensus estimate of $0.42 by $0.19. ACM Research had a net margin of 14.48% and a return on equity of 4.08%. The company had revenue of $292.92 million for the quarter, compared to analysts’ expectations of $269.28 million. During the same period in the prior year, the business earned $0.54 EPS. The firm’s quarterly revenue was up 36.0% on a year-over-year basis. As a group, equities analysts predict that ACM Research, Inc. will post 1.68 EPS for the current year.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Seaport Research Partners began coverage on shares of ACM Research in a research report on Monday, May 4th. They issued a “buy” rating and a $75.00 price objective for the company. Wall Street Zen raised shares of ACM Research from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Zacks Research upgraded shares of ACM Research from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. Weiss Ratings raised shares of ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $100.00 price target on shares of ACM Research in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $118.33.

Get Our Latest Stock Analysis on ACMR

ACM Research Company Profile

(Get Free Report)

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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