Key Points
- Insider sale: David Wang sold 70,000 ACM Research shares at an average price of $74.59, generating approximately $5.22 million. He retained 802,708 shares, representing an 8.02% reduction in his ownership.
- Strong quarterly results: ACM Research reported quarterly EPS of $0.61, exceeding estimates of $0.42, while revenue reached $292.92 million and increased 36% year over year.
- Positive analyst sentiment: Analysts maintain a consensus “Buy” rating with an average price target of $122.75, while institutional investors own 66.75% of the company’s stock.
ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) insider David Wang sold 70,000 shares of the company's stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $74.59, for a total transaction of $5,221,300.00. Following the transaction, the insider owned 802,708 shares of the company's stock, valued at approximately $59,873,989.72. The trade was a 8.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
ACM Research Stock Performance
NASDAQ ACMR opened at $72.39 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.66 and a quick ratio of 2.66. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 34.47 and a beta of 1.96. The company's fifty day moving average is $82.45 and its two-hundred day moving average is $71.62. ACM Research, Inc. has a 52-week low of $28.46 and a 52-week high of $127.19.
ACM Research (NASDAQ:ACMR - Get Free Report) last posted its quarterly earnings data on Friday, August 7th. The specialty retailer reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.19. The company had revenue of $292.92 million for the quarter, compared to the consensus estimate of $269.28 million. ACM Research had a net margin of 14.48% and a return on equity of 4.08%. The business's revenue was up 36.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.54 EPS. Equities research analysts forecast that ACM Research, Inc. will post 1.68 EPS for the current year.
Institutional Trading of ACM Research
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System raised its position in ACM Research by 11,899.8% in the second quarter. California State Teachers Retirement System now owns 7,575,587 shares of the specialty retailer's stock worth $961,266,000 after purchasing an additional 7,512,456 shares in the last quarter. WCM Investment Management LLC boosted its holdings in ACM Research by 16,878.8% during the first 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 in the last quarter. Morgan Stanley grew its stake 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. Geode Capital Management LLC grew its stake in shares of ACM Research by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 1,342,899 shares of the specialty retailer's stock valued at $52,986,000 after purchasing an additional 19,397 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of ACM Research by 444.5% in the 4th quarter. Invesco Ltd. now owns 1,342,136 shares of the specialty retailer's stock worth $52,947,000 after buying an additional 1,095,634 shares in the last quarter. Institutional investors own 66.75% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have commented on ACMR. Zacks Research raised ACM Research from a "hold" rating to a "strong-buy" rating in a report on Monday, August 17th. Morgan Stanley reissued an "overweight" rating and set a $130.00 price objective (up from $90.00) on shares of ACM Research in a report on Tuesday, June 23rd. Weiss Ratings upgraded ACM Research from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. Daiwa Securities Group started coverage on ACM Research in a research note on Wednesday, August 26th. They issued a "buy" rating and a $136.00 target price for the company. Finally, Craig Hallum restated a "buy" rating and issued a $100.00 target price on shares of ACM Research in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $122.75.
Read Our Latest Stock Report on ACMR
ACM Research Company Profile
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
