ACM Research, Inc. (NASDAQ:ACMR) Director Sells $4,899,240.00 in Stock

ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) Director Chenming Hu sold 163,308 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $30.00, for a total value of $4,899,240.00. Following the completion of the sale, the director now directly owns 100,002 shares of the company's stock, valued at approximately $3,000,060. This represents a 62.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

ACM Research Stock Performance

NASDAQ:ACMR traded down $0.63 during trading hours on Friday, reaching $26.87. The company had a trading volume of 1,493,373 shares, compared to its average volume of 1,384,497. ACM Research, Inc. has a 1-year low of $13.87 and a 1-year high of $33.40. The firm has a market cap of $1.56 billion, a PE ratio of 20.36 and a beta of 1.61. The business's 50 day moving average price is $23.17 and its 200-day moving average price is $19.59. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34.

Analyst Ratings Changes

A number of research firms recently commented on ACMR. Needham & Company LLC reaffirmed a "hold" rating on shares of ACM Research in a report on Thursday, February 27th. Craig Hallum raised ACM Research from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. began coverage on ACM Research in a report on Friday, February 28th. They set an "overweight" rating and a $36.00 target price for the company. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $29.40.

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Institutional Inflows and Outflows

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

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.