ACM Research, Inc. (NASDAQ:ACMR) Shares Sold by Matthews International Capital Management LLC

Matthews International Capital Management LLC lessened its holdings in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 7.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 262,451 shares of the specialty retailer's stock after selling 21,279 shares during the period. ACM Research comprises 0.8% of Matthews International Capital Management LLC's holdings, making the stock its 25th largest holding. Matthews International Capital Management LLC owned 0.46% of ACM Research worth $3,963,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Erste Asset Management GmbH acquired a new stake in shares of ACM Research during the third quarter worth $37,000. Truvestments Capital LLC acquired a new stake in ACM Research in the third quarter worth $72,000. CWM LLC grew its holdings in ACM Research by 128.4% in the third quarter. CWM LLC now owns 4,408 shares of the specialty retailer's stock worth $89,000 after purchasing an additional 2,478 shares during the period. Hsbc Holdings PLC acquired a new stake in ACM Research in the second quarter worth $202,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in ACM Research in the third quarter worth $203,000. Institutional investors and hedge funds own 66.75% of the company's stock.

Insider Buying and Selling at ACM Research

In other ACM Research news, insider David H. Wang sold 56,250 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $19.08, for a total value of $1,073,250.00. Following the sale, the insider now owns 710,506 shares in the company, valued at approximately $13,556,454.48. This represents a 7.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Haiping Dun sold 15,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $19.12, for a total value of $286,800.00. Following the transaction, the director now owns 774,148 shares in the company, valued at $14,801,709.76. This trade represents a 1.90 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 127,500 shares of company stock valued at $2,366,363. 31.24% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Needham & Company LLC cut shares of ACM Research from a "buy" rating to a "hold" rating and set a $25.00 price objective for the company. in a report on Wednesday, December 4th. Craig Hallum cut shares of ACM Research from a "buy" rating to a "hold" rating and reduced their price objective for the company from $30.00 to $18.00 in a report on Thursday, December 5th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $30.00.

ACM Research Price Performance

Shares of ACM Research stock traded down $0.32 on Tuesday, hitting $16.90. 1,167,529 shares of the company traded hands, compared to its average volume of 1,165,401. The business has a 50-day simple moving average of $16.40 and a 200 day simple moving average of $18.02. ACM Research, Inc. has a 52 week low of $13.87 and a 52 week high of $34.40. The stock has a market capitalization of $973.61 million, a P/E ratio of 12.80 and a beta of 1.48. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37.

ACM Research (NASDAQ:ACMR - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The specialty retailer reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.35. The business had revenue of $204.00 million for the quarter, compared to analysts' expectations of $191.18 million. ACM Research had a net margin of 12.38% and a return on equity of 9.07%. The business's revenue was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 earnings per share. Research analysts expect that ACM Research, Inc. will post 1.17 earnings per share for the current fiscal year.

ACM Research Profile

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.