ACM Research (NASDAQ:ACMR) Insider Sotheara Cheav Sells 13,351 Shares of Stock

ACM Research, Inc. (NASDAQ:ACMR) insider Sotheara Cheav sold 13,351 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $85.15, for a total value of $1,136,837.65. Following the completion of the transaction, the insider directly owned 100,002 shares of the company’s stock, valued at $8,515,170.30. This trade represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Sotheara Cheav also recently made the following trade(s):

• On Friday, June 5th, Sotheara Cheav sold 5,399 shares of ACM Research stock. The shares were sold at an average price of $83.18, for a total value of $449,088.82.

ACM Research Stock Performance

Shares of NASDAQ ACMR opened at $76.29 on Friday. The stock has a fifty day moving average price of $59.44 and a two-hundred day moving average price of $51.75. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.52 and a current ratio of 3.51. The firm has a market cap of $4.67 billion, a P/E ratio of 58.24 and a beta of 2.01. ACM Research, Inc. has a 1 year low of $23.03 and a 1 year high of $94.21.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings results on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm’s quarterly revenue was up 34.2% on a year-over-year basis. During the same period last year, the company posted $0.46 EPS. Research analysts forecast that ACM Research, Inc. will post 1.02 EPS for the current fiscal year.

Hedge Funds Weigh In On ACM Research

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of ACM Research by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 4,972,103 shares of the specialty retailer’s stock valued at $196,149,000 after purchasing an additional 125,690 shares during the period. LSV Asset Management boosted its position in shares of ACM Research by 462.9% in the 3rd quarter. LSV Asset Management now owns 2,504,305 shares of the specialty retailer’s stock valued at $97,993,000 after purchasing an additional 2,059,405 shares during the period. Triata Capital Ltd boosted its position in shares of ACM Research by 26.0% in the 3rd quarter. Triata Capital Ltd now owns 2,003,225 shares of the specialty retailer’s stock valued at $78,386,000 after purchasing an additional 413,000 shares during the period. WCM Investment Management LLC boosted its position in shares of ACM Research by 16,878.8% in the 1st quarter. WCM Investment Management LLC now owns 1,860,874 shares of the specialty retailer’s stock valued at $70,583,000 after purchasing an additional 1,849,914 shares during the period. Finally, Morgan Stanley boosted its position in shares of ACM Research by 58.8% in the 4th quarter. Morgan Stanley now owns 1,392,306 shares of the specialty retailer’s stock valued at $54,926,000 after purchasing an additional 515,340 shares during the period. Institutional investors and hedge funds own 66.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Weiss Ratings raised ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Roth Mkm reaffirmed a “buy” rating and set a $100.00 price target on shares of ACM Research in a research note on Monday. Zacks Research lowered ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Wall Street Zen upgraded ACM Research from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Seaport Research Partners started coverage on ACM Research in a research note on Monday, May 4th. They set a “buy” rating and a $75.00 price objective for the company. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $100.00.

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.