ACM Research (NASDAQ:ACMR) Shares Up 7.9% – Time to Buy?

ACM Research, Inc. (NASDAQ:ACMR)’s share price traded up 7.9% on Friday . The company traded as high as $29.94 and last traded at $29.61. 724,760 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 1,660,756 shares. The stock had previously closed at $27.44.

Analyst Ratings Changes

A number of research analysts recently commented on ACMR shares. JPMorgan Chase & Co. began coverage on shares of ACM Research in a report on Friday, February 28th. They issued an “overweight” rating and a $36.00 price target for the company. Craig Hallum raised ACM Research from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th. Finally, Needham & Company LLC restated a “hold” rating on shares of ACM Research in a report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.40.

ACM Research Stock Performance

The firm’s fifty day moving average price is $21.60 and its 200 day moving average price is $19.11. The firm has a market cap of $1.69 billion, a P/E ratio of 22.07 and a beta of 1.61. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37.

Insider Transactions at ACM Research

In other ACM Research news, insider Sotheara Cheav sold 22,598 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $23.00, for a total value of $519,754.00. Following the transaction, the insider now directly owns 100,002 shares of the company’s stock, valued at approximately $2,300,046. The trade was a 18.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David H. Wang sold 37,500 shares of ACM Research stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $27.30, for a total transaction of $1,023,750.00. Following the transaction, the insider now owns 672,708 shares of the company’s stock, valued at approximately $18,364,928.40. The trade was a 5.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 116,348 shares of company stock valued at $3,038,067 in the last ninety days. 31.24% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ACMR. Cim LLC raised its stake in shares of ACM Research by 2.8% during the fourth quarter. Cim LLC now owns 17,149 shares of the specialty retailer’s stock valued at $259,000 after purchasing an additional 475 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in ACM Research by 1,418.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,174,720 shares of the specialty retailer’s stock worth $17,738,000 after acquiring an additional 1,097,358 shares in the last quarter. Squarepoint Ops LLC grew its holdings in shares of ACM Research by 33.7% in the 4th quarter. Squarepoint Ops LLC now owns 125,002 shares of the specialty retailer’s stock worth $1,888,000 after acquiring an additional 31,511 shares during the last quarter. Triata Capital Ltd acquired a new stake in shares of ACM Research during the fourth quarter valued at approximately $15,507,000. Finally, Sherbrooke Park Advisers LLC grew its position in ACM Research by 10.7% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 14,122 shares of the specialty retailer’s stock worth $213,000 after purchasing an additional 1,362 shares in the last quarter. Institutional investors and hedge funds own 66.75% of the company’s stock.

ACM Research Company Profile

ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.