David H. Wang Sells 56,250 Shares of ACM Research, Inc. (NASDAQ:ACMR) Stock

ACM Research, Inc. (NASDAQ:ACMR) insider David H. Wang sold 56,250 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $26.57, for a total value of $1,494,562.50. Following the completion of the sale, the insider now owns 747,708 shares of the company’s stock, valued at $19,866,601.56. This trade represents a 7.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

ACM Research Trading Down 0.2 %

NASDAQ:ACMR traded down $0.06 during trading hours on Thursday, hitting $27.44. The company had a trading volume of 1,130,863 shares, compared to its average volume of 1,688,563. 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 company has a 50-day moving average of $21.60 and a 200 day moving average of $19.11. The company has a market cap of $1.59 billion, a P/E ratio of 20.79 and a beta of 1.61. ACM Research, Inc. has a 1 year low of $13.87 and a 1 year high of $33.40.

Analysts Set New Price Targets

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

Institutional Trading of ACM Research

Several large investors have recently added to or reduced their stakes in ACMR. Kerrisdale Advisers LLC grew its holdings in ACM Research by 550.8% in the 4th quarter. Kerrisdale Advisers LLC now owns 1,948,003 shares of the specialty retailer’s stock valued at $29,415,000 after buying an additional 1,648,685 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in ACM Research by 2,258.3% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,469,271 shares of the specialty retailer’s stock valued at $22,171,000 after buying an additional 1,406,968 shares in the last quarter. Panview Capital Ltd purchased a new stake in ACM Research in the 4th quarter valued at $20,758,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in ACM Research by 1,418.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,174,720 shares of the specialty retailer’s stock valued at $17,738,000 after buying an additional 1,097,358 shares in the last quarter. Finally, Triata Capital Ltd purchased a new stake in ACM Research in the 4th quarter valued at $15,507,000. 66.75% of the stock is currently owned by hedge funds and other institutional investors.

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.