Haiping Dun Sells 15,000 Shares of ACM Research, Inc. (NASDAQ:ACMR) Stock

ACM Research, Inc. (NASDAQ:ACMR) Director Haiping Dun sold 15,000 shares of ACM Research stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $19.12, for a total transaction of $286,800.00. Following the completion of the sale, the director now owns 774,148 shares of the company’s stock, valued at $14,801,709.76. This trade represents a 1.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

ACM Research Stock Performance

ACMR opened at $17.27 on Friday. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $994.92 million, a PE ratio of 13.08 and a beta of 1.54. The firm has a 50 day moving average of $19.25 and a two-hundred day moving average of $20.18. ACM Research, Inc. has a 12-month low of $13.94 and a 12-month high of $34.40.

ACM Research (NASDAQ:ACMR) last posted its earnings results on Thursday, November 7th. The specialty retailer reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.35. The firm had revenue of $204.00 million during the quarter, compared to analyst estimates of $191.18 million. ACM Research had a net margin of 12.38% and a return on equity of 9.07%. The business’s quarterly revenue was up 21.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 EPS. On average, analysts anticipate that ACM Research, Inc. will post 1.12 EPS for the current year.

Analysts Set New Price Targets

ACMR has been the subject of a number of recent analyst reports. Roth Mkm lowered their target price on shares of 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 reiterated a “buy” rating and issued a $25.00 target price on shares of ACM Research in a research note on Tuesday, October 1st. Finally, Benchmark reiterated a “buy” rating and issued a $38.00 target price on shares of ACM Research in a research note on Wednesday, August 7th.

Hedge Funds Weigh In On ACM Research

Several institutional investors have recently made changes to their positions in ACMR. Geode Capital Management LLC increased its holdings in ACM Research by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,180,741 shares of the specialty retailer’s stock worth $23,973,000 after acquiring an additional 26,620 shares in the last quarter. Millennium Management LLC increased its holdings in ACM Research by 283.9% in the 2nd quarter. Millennium Management LLC now owns 924,104 shares of the specialty retailer’s stock worth $21,310,000 after acquiring an additional 683,361 shares in the last quarter. Portolan Capital Management LLC increased its holdings in ACM Research by 7.7% in the 3rd quarter. Portolan Capital Management LLC now owns 921,451 shares of the specialty retailer’s stock worth $18,705,000 after acquiring an additional 65,616 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in ACM Research by 9.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 408,135 shares of the specialty retailer’s stock worth $9,412,000 after acquiring an additional 34,066 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in ACM Research by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 405,858 shares of the specialty retailer’s stock worth $8,239,000 after acquiring an additional 13,879 shares in the last quarter. 66.75% of the stock is owned by hedge funds and other institutional investors.

ACM Research Company Profile

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.