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

Shares of ACM Research, Inc. (NASDAQ:ACMR) have earned an average rating of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $38.00.

Several equities analysts have weighed in on the company. Roth Mkm reissued a “buy” rating and set a $40.00 price target on shares of ACM Research in a research report on Wednesday, November 5th. Zacks Research raised ACM Research from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Weiss Ratings cut ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, February 9th. Finally, Wall Street Zen downgraded shares of ACM Research from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th.

ACM Research Stock Up 1.9%

ACMR stock opened at $66.59 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.48 and a quick ratio of 2.48. The company’s 50 day simple moving average is $51.58 and its 200-day simple moving average is $39.96. ACM Research has a 12 month low of $16.82 and a 12 month high of $71.65. The firm has a market capitalization of $3.99 billion, a PE ratio of 38.72 and a beta of 1.49.

Insider Buying and Selling

In other ACM Research news, insider Fuping Chen sold 100,000 shares of the business’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $33.20, for a total value of $3,320,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David H. Wang sold 70,000 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 value of $2,314,200.00. Following the transaction, the insider directly owned 802,708 shares in the company, valued at approximately $26,537,526.48. This represents a 8.02% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 250,000 shares of company stock valued at $8,342,600. Company insiders own 25.00% of the company’s stock.

Hedge Funds Weigh In On ACM Research

Several institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in ACM Research by 10.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,061 shares of the specialty retailer’s stock worth $748,000 after buying an additional 3,065 shares during the last quarter. Caxton Associates LLP purchased a new position in shares of ACM Research during the 1st quarter worth about $250,000. Strs Ohio acquired a new stake in shares of ACM Research in the first quarter worth approximately $133,000. CWM LLC grew its holdings in ACM Research by 87.6% in the second quarter. CWM LLC now owns 21,262 shares of the specialty retailer’s stock valued at $551,000 after purchasing an additional 9,931 shares during the period. Finally, AlphaQuest LLC grew its holdings in ACM Research by 55.4% in the second quarter. AlphaQuest LLC now owns 20,487 shares of the specialty retailer’s stock valued at $531,000 after purchasing an additional 7,300 shares during the period. 66.75% of the stock is currently owned by institutional investors and hedge funds.

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.