Sotheara Cheav Sells 22,598 Shares of ACM Research, Inc. (NASDAQ:ACMR) Stock

ACM Research, Inc. (NASDAQ:ACMR) insider Sotheara Cheav sold 22,598 shares of the business’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $23.00, for a total transaction of $519,754.00. Following the sale, the insider now directly owns 100,002 shares of the company’s stock, valued at $2,300,046. This represents a 18.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

ACM Research Trading Down 1.3 %

ACMR opened at $23.05 on Wednesday. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 17.46 and a beta of 1.58. The company’s 50 day simple moving average is $16.99 and its two-hundred day simple moving average is $17.99. ACM Research, Inc. has a 1-year low of $13.87 and a 1-year high of $34.40. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34.

Hedge Funds Weigh In On ACM Research

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of ACM Research by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 4,201,403 shares of the specialty retailer’s stock worth $63,441,000 after acquiring an additional 67,255 shares during the last quarter. LPL Financial LLC grew its holdings in shares of ACM Research by 9.3% in the fourth quarter. LPL Financial LLC now owns 233,247 shares of the specialty retailer’s stock valued at $3,522,000 after purchasing an additional 19,938 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in ACM Research during the fourth quarter worth about $207,000. Yiheng Capital Management L.P. raised its stake in ACM Research by 2.1% during the fourth quarter. Yiheng Capital Management L.P. now owns 680,604 shares of the specialty retailer’s stock worth $10,277,000 after purchasing an additional 14,300 shares during the period. Finally, Teacher Retirement System of Texas acquired a new position in ACM Research in the 4th quarter valued at about $851,000. Hedge funds and other institutional investors own 66.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Craig Hallum lowered ACM Research from a “buy” rating to a “hold” rating and cut their price objective for the stock from $30.00 to $18.00 in a research note on Thursday, December 5th. Needham & Company LLC downgraded ACM Research from a “buy” rating to a “hold” rating and set a $25.00 price objective for the company. in a research note on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.00.

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.