ACM Research (NASDAQ:ACMR) Now Covered by JPMorgan Chase & Co.

JPMorgan Chase & Co. initiated coverage on shares of ACM Research (NASDAQ:ACMR - Free Report) in a report released on Friday morning, MarketBeat reports. The firm issued an overweight rating and a $36.00 target price on the specialty retailer's stock.

A number of other equities research analysts have also recently issued reports on ACMR. Needham & Company LLC reissued a "hold" rating on shares of ACM Research in a research report on Thursday. Craig Hallum raised shares of ACM Research from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, ACM Research presently has a consensus rating of "Moderate Buy" and an average price target of $29.40.

ACM Research Stock Performance

Shares of NASDAQ:ACMR traded down $1.63 on Friday, hitting $24.31. The company had a trading volume of 1,853,082 shares, compared to its average volume of 1,654,293. ACM Research has a 1-year low of $13.87 and a 1-year high of $33.72. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 18.42 and a beta of 1.58. The stock has a 50 day moving average price of $19.59 and a 200 day moving average price of $18.68. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10.

Insider Buying and Selling

In other ACM Research news, insider Sotheara Cheav sold 22,598 shares of the business's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $23.00, for a total transaction of $519,754.00. Following the completion of the transaction, the insider now owns 100,002 shares of the company's stock, valued at approximately $2,300,046. The trade was a 18.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 31.24% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its position in ACM Research by 506.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,018 shares of the specialty retailer's stock valued at $30,000 after purchasing an additional 1,685 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of ACM Research during the 4th quarter worth approximately $33,000. Erste Asset Management GmbH bought a new position in shares of ACM Research during the 3rd quarter worth approximately $37,000. Picton Mahoney Asset Management lifted its holdings in shares of ACM Research by 66.2% in the 4th quarter. Picton Mahoney Asset Management now owns 3,104 shares of the specialty retailer's stock worth $47,000 after purchasing an additional 1,236 shares in the last quarter. Finally, Truvestments Capital LLC bought a new position in shares of ACM Research in the 3rd quarter worth $72,000. Institutional investors and hedge funds 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.