ACM Research, Inc. (NASDAQ:ACMR – Get Free Report) Director Xiao Xing sold 8,304 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $20.19, for a total value of $167,657.76. Following the completion of the transaction, the director now owns 3,430,206 shares of the company’s stock, valued at approximately $69,255,859.14. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
ACM Research Stock Up 16.6 %
ACM Research stock opened at $22.04 on Friday. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 16.70 and a beta of 1.52. ACM Research, Inc. has a 52 week low of $12.53 and a 52 week high of $34.40. The business’s 50-day moving average price is $17.99 and its 200 day moving average price is $22.59. The company has a quick ratio of 1.26, a current ratio of 2.29 and a debt-to-equity ratio of 0.07.
ACM Research (NASDAQ:ACMR – Get Free Report) last posted its earnings results on Wednesday, August 7th. The specialty retailer reported $0.55 EPS for the quarter, topping the consensus estimate of $0.30 by $0.25. The firm had revenue of $202.50 million for the quarter, compared to analyst estimates of $163.05 million. ACM Research had a return on equity of 9.16% and a net margin of 12.26%. ACM Research’s revenue for the quarter was up 40.0% compared to the same quarter last year. During the same period last year, the company earned $0.45 earnings per share. As a group, sell-side analysts anticipate that ACM Research, Inc. will post 0.92 earnings per share for the current year.
Institutional Trading of ACM Research
Analyst Ratings Changes
ACMR has been the subject of several research analyst reports. Roth Mkm reduced their price objective on ACM Research from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Needham & Company LLC restated a “buy” rating and issued a $25.00 price objective on shares of ACM Research in a research note on Tuesday. Finally, Benchmark reaffirmed a “buy” rating and set a $38.00 target price on shares of ACM Research in a report on Wednesday, August 7th.
Read Our Latest Research Report on ACM Research
About ACM Research
ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.
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