Insider Selling: ACM Research, Inc. (NASDAQ:ACMR) Director Sells 9,518 Shares of Stock

ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) Director Haiping Dun sold 9,518 shares of the company's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $29.00, for a total value of $276,022.00. Following the transaction, the director now directly owns 755,090 shares in the company, valued at $21,897,610. This represents a 1.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

ACM Research Trading Down 2.3 %

ACM Research stock traded down $0.63 during mid-day trading on Friday, hitting $26.87. The company's stock had a trading volume of 1,493,373 shares, compared to its average volume of 1,384,497. The business has a 50 day moving average price of $23.17 and a 200-day moving average price of $19.55. ACM Research, Inc. has a 12 month low of $13.87 and a 12 month high of $33.40. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 20.36 and a beta of 1.61. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ACMR shares. JPMorgan Chase & Co. assumed coverage on shares of ACM Research in a research note on Friday, February 28th. They issued an "overweight" rating and a $36.00 target price for the company. Craig Hallum upgraded ACM Research from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. Finally, Needham & Company LLC restated a "hold" rating on shares of ACM Research in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $29.40.

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Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Vaughan Nelson Investment Management L.P. bought a new stake in shares of ACM Research during the 3rd quarter valued at about $482,000. Quest Partners LLC boosted its position in ACM Research by 156.4% during the 3rd quarter. Quest Partners LLC now owns 19,481 shares of the specialty retailer's stock valued at $395,000 after acquiring an additional 11,883 shares in the last quarter. Intech Investment Management LLC bought a new stake in ACM Research during the 3rd quarter valued at approximately $254,000. Charles Schwab Investment Management Inc. grew its holdings in shares of ACM Research by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 405,858 shares of the specialty retailer's stock worth $8,239,000 after acquiring an additional 13,879 shares during the period. Finally, Citigroup Inc. raised its position in shares of ACM Research by 8.7% in the 3rd quarter. Citigroup Inc. now owns 340,207 shares of the specialty retailer's stock worth $6,906,000 after acquiring an additional 27,178 shares in the last quarter. Hedge funds and other institutional investors own 66.75% of the company's stock.

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.