ACM Research, Inc. (NASDAQ:ACMR) Given Average Recommendation of “Moderate Buy” by Analysts

ACM Research, Inc. (NASDAQ:ACMR) has earned a consensus rating of “Moderate Buy” from the five brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $29.40.

A number of analysts have recently commented on the company. JPMorgan Chase & Co. assumed coverage on ACM Research in a research note on Friday, February 28th. They set an “overweight” rating and a $36.00 price target on the stock. Craig Hallum raised ACM Research from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of ACM Research in a research note on Thursday, February 27th.

ACM Research Stock Performance

Shares of ACMR stock opened at $26.46 on Friday. The business’s 50-day moving average price is $20.42 and its 200-day moving average price is $18.86. ACM Research has a 12 month low of $13.87 and a 12 month high of $33.40. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 20.05 and a beta of 1.58. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10.

Insider Buying and Selling

In other ACM Research news, insider Sotheara Cheav sold 22,598 shares of the business’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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 31.24% of the stock is owned by insiders.

Hedge Funds Weigh In On ACM Research

Several institutional investors have recently added to or reduced their stakes in ACMR. Tower Research Capital LLC TRC lifted its stake in ACM Research by 506.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,018 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 1,685 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in ACM Research in the fourth quarter valued at approximately $33,000. Erste Asset Management GmbH acquired a new position in ACM Research in the third quarter valued at approximately $37,000. Picton Mahoney Asset Management increased its holdings in shares of ACM Research by 66.2% during the fourth quarter. Picton Mahoney Asset Management now owns 3,104 shares of the specialty retailer’s stock valued at $47,000 after acquiring an additional 1,236 shares in the last quarter. Finally, Truvestments Capital LLC bought a new stake in shares of ACM Research during the third quarter valued at approximately $72,000. 66.75% of the stock is owned by institutional investors and hedge funds.

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.