ACM Research Inc (NASDAQ:ACMR) insider Sotheara Cheav sold 4,941 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $66.70, for a total value of $329,564.70. Following the transaction, the insider now owns 48,334 shares of the company’s stock, valued at $3,223,877.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Sotheara Cheav also recently made the following trade(s):
- On Thursday, September 10th, Sotheara Cheav sold 5,000 shares of ACM Research stock. The stock was sold at an average price of $60.75, for a total value of $303,750.00.
ACM Research stock opened at $71.37 on Wednesday. The company has a quick ratio of 1.62, a current ratio of 2.13 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $1.15 billion, a P/E ratio of 61.00 and a beta of 0.78. The stock’s 50 day moving average is $92.19 and its 200 day moving average is $60.01. ACM Research Inc has a twelve month low of $12.51 and a twelve month high of $113.87.
ACM Research (NASDAQ:ACMR) last posted its quarterly earnings results on Wednesday, August 5th. The specialty retailer reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.10. The company had revenue of $39.05 million for the quarter, compared to the consensus estimate of $30.15 million. ACM Research had a return on equity of 21.46% and a net margin of 11.82%. As a group, equities analysts expect that ACM Research Inc will post 0.87 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the business. Invesco Ltd. purchased a new stake in ACM Research during the 1st quarter valued at $7,130,000. Principal Financial Group Inc. bought a new position in ACM Research in the 2nd quarter worth $1,396,000. Parametric Portfolio Associates LLC bought a new position in ACM Research in the 1st quarter worth $670,000. BlackRock Inc. raised its holdings in ACM Research by 8.9% in the 1st quarter. BlackRock Inc. now owns 216,607 shares of the specialty retailer’s stock worth $6,414,000 after purchasing an additional 17,682 shares during the period. Finally, Geode Capital Management LLC raised its holdings in ACM Research by 24.6% in the 1st quarter. Geode Capital Management LLC now owns 85,060 shares of the specialty retailer’s stock worth $2,518,000 after purchasing an additional 16,776 shares during the period. Institutional investors and hedge funds own 30.29% of the company’s stock.
A number of equities analysts have recently issued reports on the company. Goldman Sachs Group reiterated a “buy” rating and issued a $150.00 price objective on shares of ACM Research in a report on Sunday, July 19th. Benchmark restated a “hold” rating on shares of ACM Research in a report on Friday, August 7th. Craig Hallum increased their target price on ACM Research from $55.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 7th. Roth Capital upped their price target on ACM Research from $80.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. Finally, BidaskClub lowered ACM Research from a “buy” rating to a “hold” rating in a research report on Wednesday, September 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $92.33.
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 of megasonic waves to deliver megasonic energy to flat and patterned wafer surfaces in a uniform manner on a microscopic level; timely energized bubble oscillation cleaning equipment for two-dimensional and three-dimensional patterned wafers at advanced process nodes; and custom-made wafer assembly and packaging equipment.
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