Fri Oct 04 04:29:12 UTC 2024: ## Major Shareholder Sells $526,000 Worth of ACM Research Stock

**San Francisco, CA (October 4th, 2024):** Science & Technology Shanghai, a major shareholder of ACM Research, Inc. (NASDAQ:ACMR), sold 26,300 shares of the company’s stock on Wednesday, October 2nd. The sale, disclosed in a filing with the Securities & Exchange Commission, was executed at an average price of $20.01, generating a total transaction value of $526,263. Following the sale, the insider now holds 3,403,906 shares of ACMR, valued at approximately $68,112,159.06.

ACM Research, a company specializing in single-wafer wet cleaning equipment for integrated chip manufacturing, saw its shares trade down $0.21 on Thursday, reaching $18.90. The company’s stock had a trading volume of 764,623 shares, compared to its average volume of 1,421,224 shares.

Despite the recent sale, ACM Research has demonstrated positive financial performance. The company reported earnings per share of $0.55 for the quarter ending August 7th, exceeding analysts’ expectations. Revenue for the quarter reached $202.50 million, a significant 40% year-over-year increase.

Meanwhile, several hedge funds and institutional investors have recently adjusted their holdings of ACM Research. CWM LLC increased its position by 297.1% in the second quarter, while Picton Mahoney Asset Management acquired a new position in the company. Lazard Asset Management LLC also raised its stake significantly during the first quarter.

Institutional investors currently own 66.75% of ACM Research’s stock. Analysts predict that the company will post an EPS of 0.92 for the current year.

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