ACM Research, Inc. (NASDAQ:ACMR – Get Free Report) Director Xiao Xing sold 8,304 shares of the stock in a transaction 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 owns 3,430,206 shares in the company, valued at approximately $69,255,859.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
ACM Research Price Performance
Shares of ACMR stock opened at $18.90 on Friday. ACM Research, Inc. has a 1-year low of $12.53 and a 1-year high of $34.40. The stock’s 50-day moving average is $17.93 and its 200 day moving average is $22.64. The company has a market cap of $1.08 billion, a P/E ratio of 14.32 and a beta of 1.52. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.29 and a quick ratio of 1.26.
ACM Research (NASDAQ:ACMR – Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The specialty retailer reported $0.55 EPS for the quarter, beating 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 company had revenue of $202.50 million during the quarter, compared to analysts’ expectations of $163.05 million. During the same period 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. Research analysts predict that ACM Research, Inc. will post 0.92 earnings per share for the current fiscal year.
Institutional Investors Weigh In On ACM Research
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and set a $25.00 price target on shares of ACM Research in a research report on Tuesday. Benchmark reaffirmed a “buy” rating and set a $38.00 price objective on shares of ACM Research in a research report on Wednesday, August 7th. Finally, Roth Mkm dropped their price objective on ACM Research from $40.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th.
View 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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