ACM Research, Inc. (NASDAQ:ACMR) Director Xiao Xing Sells 90,396 Shares of Stock

ACM Research, Inc. (NASDAQ:ACMR) Director Xiao Xing sold 90,396 shares of the company’s stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $21.13, for a total value of $1,910,067.48. Following the sale, the director now owns 2,338,510 shares of the company’s stock, valued at $49,412,716.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Xiao Xing also recently made the following trade(s):

• On Friday, October 4th, Xiao Xing sold 700,000 shares of ACM Research stock. The stock was sold at an average price of $21.41, for a total value of $14,987,000.00.
• On Tuesday, October 1st, Xiao Xing sold 8,304 shares of ACM Research stock. The stock was sold at an average price of $20.19, for a total value of $167,657.76.

ACM Research Stock Down 7.6 %

Shares of NASDAQ:ACMR opened at $21.81 on Wednesday. The company has a fifty day moving average of $18.19 and a 200-day moving average of $22.40. The company has a market capitalization of $1.24 billion, a PE ratio of 16.52 and a beta of 1.52. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.26 and a current ratio of 2.29. ACM Research, Inc. has a 52-week low of $12.53 and a 52-week high of $34.40.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings data on Wednesday, August 7th. The specialty retailer reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.25. The business had revenue of $202.50 million during the quarter, compared to the consensus estimate of $163.05 million. ACM Research had a return on equity of 9.16% and a net margin of 12.26%. ACM Research’s quarterly revenue was up 40.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.45 earnings per share. On average, equities analysts predict that ACM Research, Inc. will post 0.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on ACMR. Roth Mkm cut their target price 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 reiterated a “buy” rating and set a $25.00 price target on shares of ACM Research in a report on Tuesday, October 1st. Finally, Benchmark reiterated a “buy” rating and set a $38.00 price target on shares of ACM Research in a report on Wednesday, August 7th.

Institutional Trading of ACM Research

A number of institutional investors and hedge funds have recently bought and sold shares of ACMR. Point72 Hong Kong Ltd increased its holdings in ACM Research by 16.5% in the fourth quarter. Point72 Hong Kong Ltd now owns 496,494 shares of the specialty retailer’s stock valued at $9,701,000 after purchasing an additional 70,227 shares during the period. Prelude Capital Management LLC acquired a new stake in ACM Research in the fourth quarter valued at $8,640,000. Transcendent Capital Group LLC acquired a new stake in ACM Research in the fourth quarter valued at $145,000. Los Angeles Capital Management LLC bought a new stake in ACM Research during the first quarter valued at $852,000. Finally, Westend Capital Management LLC bought a new stake in ACM Research during the first quarter valued at $4,802,000. 66.75% of the stock is currently owned by institutional investors and hedge funds.

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.