ACM Research (NASDAQ:ACMR) Stock Rating Lowered 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 report released on Saturday.

Several other brokerages also recently issued reports on ACMR. Weiss Ratings downgraded shares of ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Zacks Research raised shares of ACM Research from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Roth Mkm reiterated a “buy” rating and set a $40.00 target price on shares of ACM Research in a report on Wednesday, November 5th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, ACM Research presently has a consensus rating of “Moderate Buy” and an average target price of $38.00.

ACM Research Price Performance

Shares of ACMR opened at $64.84 on Friday. The stock has a 50 day simple moving average of $48.89 and a 200 day simple moving average of $38.69. ACM Research has a 52-week low of $16.82 and a 52-week high of $71.65. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.48 and a current ratio of 3.48. The firm has a market capitalization of $3.88 billion, a PE ratio of 37.70 and a beta of 1.49.

Insider Buying and Selling at ACM Research

In other ACM Research news, insider Fuping Chen sold 20,000 shares of ACM Research stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $33.06, for a total value of $661,200.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David H. Wang sold 60,000 shares of the stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $34.12, for a total transaction of $2,047,200.00. Following the transaction, the insider owned 802,708 shares of the company’s stock, valued at approximately $27,388,396.96. This represents a 6.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 250,000 shares of company stock worth $8,342,600 over the last quarter. Company insiders own 25.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC boosted its holdings in shares of ACM Research by 90.1% in the 4th 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 during the last quarter. Hantz Financial Services Inc. raised its position in 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 in the last quarter. Leonteq Securities AG acquired a new stake in ACM Research in the fourth quarter valued at $28,000. Jones Financial Companies Lllp lifted its stake in 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 acquiring an additional 515 shares during the last quarter. Finally, SBI Securities Co. Ltd. grew its position in shares of ACM Research by 78.9% in the 3rd quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 367 shares during the period. 66.75% of the stock is currently 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.