ACM Research’s (ACMR) Hold Rating Reiterated at Needham & Company LLC

ACM Research (NASDAQ:ACMR)‘s stock had its “hold” rating reaffirmed by stock analysts at Needham & Company LLC in a research note issued to investors on Thursday,Benzinga reports.

Separately, Craig Hallum upgraded ACM Research from a “hold” rating to a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $30.00.

ACM Research Stock Performance

NASDAQ:ACMR opened at $27.69 on Thursday. The firm’s fifty day simple moving average is $18.91 and its 200 day simple moving average is $18.53. 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 has a twelve month low of $13.87 and a twelve month high of $34.40. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 20.98 and a beta of 1.58.

Insider Transactions at ACM Research

In other ACM Research news, insider Sotheara Cheav sold 22,598 shares of the company’s stock in a transaction that occurred on 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 owns 100,002 shares in the company, valued at $2,300,046. This represents a 18.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 31.24% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Rhumbline Advisers increased its stake in ACM Research by 0.8% during the fourth quarter. Rhumbline Advisers now owns 73,739 shares of the specialty retailer’s stock valued at $1,113,000 after purchasing an additional 589 shares during the last quarter. Beacon Financial Advisory LLC boosted its holdings in shares of ACM Research by 7.1% in the 4th quarter. Beacon Financial Advisory LLC now owns 14,495 shares of the specialty retailer’s stock valued at $219,000 after buying an additional 960 shares during the period. Arizona State Retirement System grew its position 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 valued at $226,000 after buying an additional 1,017 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in 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 valued at $438,000 after purchasing an additional 1,061 shares during the period. Finally, Picton Mahoney Asset Management grew its stake in ACM Research by 66.2% during the 4th quarter. Picton Mahoney Asset Management now owns 3,104 shares of the specialty retailer’s stock worth $47,000 after buying an additional 1,236 shares during the last quarter. Institutional investors and hedge funds 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.