ACM Research (NASDAQ:ACMR) Shares Gap Up – Should You Buy?

Shares of ACM Research, Inc. (NASDAQ:ACMR) gapped up before the market opened on Wednesday . The stock had previously closed at $41.91, but opened at $47.09. ACM Research shares last traded at $46.5050, with a volume of 299,589 shares.

Analyst Ratings Changes

Several research analysts have recently weighed in on ACMR shares. Wall Street Zen downgraded ACM Research from a “hold” rating to a “sell” rating in a research note on Sunday, March 8th. Weiss Ratings downgraded ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 9th. Finally, Zacks Research upgraded ACM Research from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $40.00.

ACM Research Trading Up 9.5%

The firm has a 50 day simple moving average of $52.98 and a 200 day simple moving average of $44.55. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.33 and a current ratio of 3.27. The firm has a market cap of $2.79 billion, a P/E ratio of 33.51 and a beta of 1.69.

Insider Buying and Selling

In other ACM Research news, Director Tracy Liu sold 45,000 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $47.38, for a total value of $2,132,100.00. Following the completion of the transaction, the director owned 110,772 shares in the company, valued at $5,248,377.36. This trade represents a 28.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 25.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ACMR. Farther Finance Advisors LLC boosted its stake in ACM Research by 90.1% in the 4th quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 308 shares during the period. Hantz Financial Services Inc. boosted its position in shares of ACM Research by 266.7% during the 4th quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 480 shares during the last quarter. Leonteq Securities AG bought a new stake in shares of ACM Research during the 4th quarter valued at about $28,000. Jones Financial Companies Lllp boosted its position in shares of ACM Research by 206.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock valued at $29,000 after acquiring an additional 515 shares during the last quarter. Finally, SBI Securities Co. Ltd. boosted its position in shares of ACM Research by 78.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 367 shares during the last quarter. Institutional investors own 66.75% of the company’s stock.

About ACM Research

ACM Research, Inc (NASDAQ:ACMR) designs, develops and markets wet processing equipment for the semiconductor industry. The company focuses on advanced wafer cleaning technologies that address critical contamination-control requirements for logic, memory and advanced packaging applications. Since its founding in 2003, ACM Research has engineered modular platform tools that can be configured for a range of spin, scrub and batch cleaning processes.

Its product portfolio encompasses single-wafer spin cleaning systems featuring high-purity megasonic capabilities, dynamic chemical scrubbing modules for post-CMP residue removal and batch-process cleaning equipment designed for high-throughput production environments.