ACM Research, Inc. (NASDAQ:ACMR) Insider Sells $1,494,562.50 in Stock

ACM Research, Inc. (NASDAQ:ACMR) insider David H. Wang sold 56,250 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $26.57, for a total transaction of $1,494,562.50. Following the completion of the sale, the insider now directly owns 747,708 shares in the company, valued at $19,866,601.56. This represents a 7.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

ACM Research Stock Up 6.3 %

Shares of ACMR stock opened at $29.18 on Friday. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10. ACM Research, Inc. has a 1 year low of $13.87 and a 1 year high of $33.40. The firm’s fifty day moving average price is $21.87 and its two-hundred day moving average price is $19.19. The firm has a market capitalization of $1.70 billion, a P/E ratio of 22.11 and a beta of 1.61.

Wall Street Analyst Weigh In

Several research firms recently commented on ACMR. Needham & Company LLC reaffirmed a “hold” rating on shares of ACM Research in a research report on Thursday, February 27th. Craig Hallum raised shares of ACM Research from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. started coverage on shares of ACM Research in a research note on Friday, February 28th. They issued an “overweight” rating and a $36.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, ACM Research has a consensus rating of “Moderate Buy” and an average target price of $29.40.

Institutional Trading of ACM Research

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Cim LLC boosted its holdings in shares of ACM Research by 2.8% during the 4th quarter. Cim LLC now owns 17,149 shares of the specialty retailer’s stock worth $259,000 after buying an additional 475 shares during the period. Rhumbline Advisers boosted its holdings in shares of ACM Research by 0.8% during the 4th quarter. Rhumbline Advisers now owns 73,739 shares of the specialty retailer’s stock worth $1,113,000 after buying an additional 589 shares during the period. Beacon Financial Advisory LLC boosted its holdings in shares of ACM Research by 7.1% during the 4th quarter. Beacon Financial Advisory LLC now owns 14,495 shares of the specialty retailer’s stock worth $219,000 after buying an additional 960 shares during the period. Arizona State Retirement System boosted its holdings in shares of ACM Research by 7.3% during the 4th quarter. Arizona State Retirement System now owns 14,964 shares of the specialty retailer’s stock worth $226,000 after buying an additional 1,017 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of ACM Research by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,996 shares of the specialty retailer’s stock worth $438,000 after buying an additional 1,061 shares during the period. Institutional investors own 66.75% of the company’s stock.

About ACM Research

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.