ACM Research (NASDAQ:ACMR) Lowered to “Sell” Rating by Wall Street Zen

ACM Research (NASDAQ:ACMR) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

A number of other research analysts have also weighed in on the company. Zacks Research raised ACM Research from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Roth Mkm reaffirmed a “buy” rating and set a $40.00 price objective on shares of ACM Research in a research report on Wednesday, November 5th. Finally, Weiss Ratings lowered shares of ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $38.00.

ACM Research Price Performance

NASDAQ:ACMR opened at $64.84 on Friday. The company has a quick ratio of 2.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.10. The stock’s 50 day moving average price is $48.89 and its two-hundred day moving average price is $38.69. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 37.70 and a beta of 1.49. ACM Research has a 12-month low of $16.82 and a 12-month high of $71.65.

Insider Buying and Selling at ACM Research

In other ACM Research news, insider Fuping Chen sold 20,000 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $33.06, for a total transaction of $661,200.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider David H. Wang sold 60,000 shares of ACM Research stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $34.12, for a total value of $2,047,200.00. Following the sale, the insider directly owned 802,708 shares of the company’s stock, valued at $27,388,396.96. This represents a 6.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 250,000 shares of company stock valued at $8,342,600 over the last 90 days. 25.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On ACM Research

A number of hedge funds have recently bought and sold shares of the business. Hantz Financial Services Inc. boosted its holdings in ACM Research by 266.7% in the 4th quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 480 shares during the period. Farther Finance Advisors LLC raised its position in shares of ACM Research by 90.1% in the fourth quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 308 shares in the last quarter. Leonteq Securities AG acquired a new stake in shares of ACM Research in the fourth quarter valued at approximately $28,000. Jones Financial Companies Lllp boosted its stake in shares of ACM Research by 206.8% in the third quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock valued at $29,000 after buying an additional 515 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in ACM Research by 656.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock worth $33,000 after buying an additional 1,122 shares in the last quarter. 66.75% of the stock is owned by institutional investors.

About ACM Research

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.