ACM Research, Inc. (NASDAQ:ACMR) Director Chenming Hu Sells 163,308 Shares

ACM Research, Inc. (NASDAQ:ACMR) Director Chenming Hu sold 163,308 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $30.00, for a total transaction of $4,899,240.00. Following the completion of the sale, the director now directly owns 100,002 shares in the company, valued at approximately $3,000,060. The trade was a 62.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

ACM Research Price Performance

ACM Research stock traded down $0.58 during midday trading on Wednesday, reaching $29.22. The company’s stock had a trading volume of 900,089 shares, compared to its average volume of 1,382,461. ACM Research, Inc. has a 52 week low of $13.87 and a 52 week high of $33.40. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10. The business has a 50-day moving average price of $22.71 and a 200-day moving average price of $19.43. The stock has a market cap of $1.70 billion, a PE ratio of 22.14 and a beta of 1.61.

Institutional Trading of ACM Research

Several hedge funds and other institutional investors have recently made changes to their positions in ACMR. Vanguard Group Inc. lifted its stake in shares of ACM Research by 1.6% in the fourth 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 period. Kerrisdale Advisers LLC raised its position in shares of ACM Research by 550.8% during the fourth quarter. Kerrisdale Advisers LLC now owns 1,948,003 shares of the specialty retailer’s stock worth $29,415,000 after purchasing an additional 1,648,685 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of ACM Research by 2,258.3% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,469,271 shares of the specialty retailer’s stock worth $22,171,000 after purchasing an additional 1,406,968 shares during the period. Panview Capital Ltd bought a new stake in ACM Research during the fourth quarter worth $20,758,000. Finally, Pertento Partners LLP grew its holdings in ACM Research by 22.3% during the fourth quarter. Pertento Partners LLP now owns 1,185,037 shares of the specialty retailer’s stock worth $17,894,000 after buying an additional 215,744 shares in the last quarter. 66.75% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Craig Hallum upgraded shares of ACM Research from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. started coverage on shares of ACM Research in a research report on Friday, February 28th. They issued an “overweight” rating and a $36.00 price target on the stock. Finally, Needham & Company LLC reissued a “hold” rating on shares of ACM Research in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $29.40.

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.