ACM Research, Inc. (NASDAQ:ACMR) Receives Average Rating of “Moderate Buy” from Analysts

ACM Research, Inc. (NASDAQ:ACMR) has been assigned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $38.00.

A number of research analysts have weighed in on the stock. Wall Street Zen cut shares of ACM Research from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Zacks Research upgraded shares of ACM Research from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Weiss Ratings cut shares of ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, February 9th. Finally, Roth Mkm reiterated a “buy” rating and issued a $40.00 price target on shares of ACM Research in a report on Wednesday, November 5th.

Insider Activity

In related news, insider Fuping Chen sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $33.06, for a total transaction of $661,200.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider David H. Wang sold 60,000 shares of the business’s stock in a transaction that occurred 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 transaction, the insider directly owned 802,708 shares in the company, valued at $27,388,396.96. This trade represents a 6.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 250,000 shares of company stock worth $8,342,600. Company insiders own 25.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ACMR. Farther Finance Advisors LLC increased its stake in ACM Research by 90.1% during the 4th quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock worth $26,000 after buying an additional 308 shares during the period. Hantz Financial Services Inc. increased its position in shares of ACM Research by 266.7% during the fourth quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 480 shares during the last quarter. Leonteq Securities AG purchased a new stake in shares of ACM Research during the fourth quarter worth about $28,000. Jones Financial Companies Lllp lifted 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 worth $29,000 after acquiring an additional 515 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its holdings in ACM Research by 78.9% in the third quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 367 shares during the last quarter. 66.75% of the stock is currently owned by hedge funds and other institutional investors.

ACM Research Trading Up 1.9%

Shares of ACMR opened at $66.59 on Friday. ACM Research has a twelve month low of $16.82 and a twelve month high of $71.65. The firm has a market capitalization of $3.99 billion, a P/E ratio of 38.72 and a beta of 1.49. The company has a current ratio of 3.48, a quick ratio of 2.48 and a debt-to-equity ratio of 0.10. The stock’s fifty day simple moving average is $51.58 and its 200 day simple moving average is $39.96.

ACM Research Company Profile

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.