ACM Research, Inc. (NASDAQ:ACMR – Get Free Report) Director Xiao Xing sold 8,304 shares of ACM Research stock in a transaction that occurred on 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 sale, the director now directly owns 3,430,206 shares in the company, valued at $69,255,859.14. This represents 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 accessible through this hyperlink.
ACM Research Stock Performance
Shares of ACM Research stock opened at $22.04 on Friday. ACM Research, Inc. has a one year low of $12.53 and a one year high of $34.40. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 16.70 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. The business’s 50 day moving average price is $17.99 and its 200 day moving average price is $22.59.
ACM Research (NASDAQ:ACMR – Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The specialty retailer reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.25. ACM Research had a return on equity of 9.16% and a net margin of 12.26%. The firm had revenue of $202.50 million for the quarter, compared to the consensus estimate of $163.05 million. During the same quarter last year, the business posted $0.45 earnings per share. The firm’s revenue was up 40.0% compared to the same quarter last year. On average, research analysts predict that ACM Research, Inc. will post 0.92 EPS for the current year.
Institutional Investors Weigh In On ACM Research
Analyst Ratings Changes
A number of analysts have recently issued reports on the company. Benchmark reaffirmed a “buy” rating and issued a $38.00 price target on shares of ACM Research in a research note on Wednesday, August 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price target on shares of ACM Research in a research note on Tuesday. Finally, Roth Mkm lowered their price target on ACM Research from $40.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th.
Check Out Our Latest Stock 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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