ACM Research, Inc. (NASDAQ:ACMR) Receives Average Rating of "Moderate Buy" from Analysts

ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) has received a consensus rating of "Moderate Buy" from the five ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $29.40.

Several research firms have commented on ACMR. JPMorgan Chase & Co. began coverage on shares of ACM Research in a research report on Friday. They issued an "overweight" rating and a $36.00 target price for the company. Craig Hallum raised shares of ACM Research from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. Finally, Needham & Company LLC reissued a "hold" rating on shares of ACM Research in a research report on Thursday.

ACM Research Stock Down 6.3 %

Shares of NASDAQ ACMR traded down $1.63 during trading hours on Friday, hitting $24.31. The stock had a trading volume of 1,853,082 shares, compared to its average volume of 1,654,293. The firm's 50-day moving average price is $19.59 and its two-hundred day moving average price is $18.68. ACM Research has a 52 week low of $13.87 and a 52 week high of $33.72. The company has a market capitalization of $1.40 billion, a P/E ratio of 18.42 and a beta of 1.58. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37.

Insider Buying and Selling

In related news, insider Sotheara Cheav sold 22,598 shares of the company's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $23.00, for a total transaction of $519,754.00. Following the completion of the sale, the insider now directly owns 100,002 shares of the company's stock, valued at approximately $2,300,046. This represents a 18.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 31.24% of the stock is owned by insiders.

Hedge Funds Weigh In On ACM Research

Several large investors have recently bought and sold shares of ACMR. Janney Montgomery Scott LLC acquired a new position in ACM Research during the 3rd quarter valued at $1,056,000. Catalyst Capital Advisors LLC acquired a new position in ACM Research during the 3rd quarter valued at $203,000. Beacon Financial Advisory LLC acquired a new position in ACM Research during the 3rd quarter valued at $275,000. GSA Capital Partners LLP raised its stake in ACM Research by 20.4% during the 3rd quarter. GSA Capital Partners LLP now owns 71,805 shares of the specialty retailer's stock valued at $1,458,000 after purchasing an additional 12,185 shares during the last quarter. Finally, Parametrica Management Ltd acquired a new position in ACM Research during the 3rd quarter valued at $400,000. 66.75% of the stock is currently owned by institutional investors and hedge funds.

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.